Swiss TX Group plans to sell printing plants, report says

TX Group, one of Switzerland’s biggest media companies, wants to sell its three printing plants in Zurich, Bern and Lausanne as well as office buildings for hundreds of millions of Swiss francs, newspaper NZZ am Sonntag reported on Sunday. Citing a document the company presented to investors, the newspaper said TX Group’s Tamedia unit hoped to obtain a “high three-digit million” sum for the assets, and that the last of the printing plants should close by 2032. The report comes as newspaper publishing is under growing pressure from online competition, Swiss industry data show.