Press release

Christoph Weger Named New Managing Director of G+J New Media Ventures

Hamburg, 28 January 2007 –

Dr. Christoph Weger, 38, currently a Managing Director of the Financial Times Deutschland GmbH (FTD), will take on the management of G+J New Media Ventures GmbH, with effect from Mar 1, 2007. After that date, Christoph Rüth will manage the FTD as its sole Managing Director.

Franz Dillitzer, former Managing Director of G+J New Media Ventures, is leaving the company by mutual agreement. He had taken up his position on Jul 1, 2006.

Christoph Weger has been a member of the Financial Times Deutschland GmbH management since 2001. The economist began his career as a project manager at the Karlsruhe Research Center and a consultant with PricewaterhouseCoopers. In 2000, he joined Gruner + Jahr as assistant to the company´s CEO Bernd Kundrun. He joined the FTD in 2001 – first as Executive Director Electronic Media and later as Director Marketing. For the past two years, Christoph Weger has served as co-Managing Director of the FTD with Christoph Rüth. Weger played an essential role in the development and success of the FTD´s multimedia concept ("One Brand All Media").

Bernd Kundrun: "I am very pleased that Christoph Weger has agreed to take on the management of G+J New Media Ventures. His long years of practical experience with the multimedia aspect of managing media brands make him exceptionally qualified for the job. The FTD in particular provides a successful, exemplary illustration for the development of a medium across all media channels, from the beginning. Christoph Weger will bring his experience to continually building G+J New Media Ventures and help to tap the vast potential of our established media brands. I thank Franz Dillitzer for his efforts and for his work in building the New Media Ventures GmbH and wish him all the best for his professional future."

The G+J New Media Ventures GmbH designs and facilitates G+J´s digital media strategy. It provides active supports and consultation to the publishing departments as they put the "Expand your brand" innovation program into practice.

Dr. Andreas Knaut
Executive Vice President
Corporate Communications

Dr. Christoph Weger