Press release

Management changeover at Verlagsgruppe NEWS

Hamburg, 30 November 2010 –

Oliver Voigt, Publisher and CEO of Verlagsgruppe NEWS, will leave the company on 31 December 2010 to tackle new professional challenges.

The Verlagsgruppe NEWS advisory board has unanimously appointed Matthias Schönwandt as his successor. Schönwandt, 45, has a wealth of experience in the publishing business. From 1999 to 2002, he sat on Berliner Verlag's publishing board and was in charge of Ad Sales for Berliner Zeitung and Berliner Kurier. As managing director of Deutscher Supplementverlag since 2002, he was able to significantly increase the circulation of rtv magazine. He also advanced the implementation of a new digital strategy and the expansion of the publisher's foreign holdings and was able to considerably improve their profitability. Finally, he successfully reorganized Supplementverlag and its TV Information Services subsidiary into the rtv media group and secured long-term growth in its revenues and profits.

Dr. Torsten-Jörn Klein, Chairman of the Verlagsgruppe NEWS advisory board and President International at Gruner + Jahr AG, says: "On behalf of the Verlagsgruppe NEWS advisory board and the Gruner + Jahr AG executive board, I thank Oliver Voigt for the many years of excellent cooperation, the successful development and increased profitability of Verlagsgruppe NEWS. I wish him all the best in his new professional challenges. His successor Matthias Schönwandt is an exceedingly experienced and highly competent media professional. I wish him a warm welcome and the best of success in his new role."

Christian Merl
Vice President, Media Relations
20444 Hamburg
Phone +49 (0) 40 / 37 03 - 29 08
Fax: +49 (0) 40 / 37 03 - 56 17