XPost: alt.crime, alt.politics.democrats, alt.news-media   
   XPost: misc.survivalism   
   From: hunterbiden@gmail.com   
      
   ZURICH, Aug 17 (Reuters) - CNN Money Switzerland (CNNMS) will   
   cease operations and file for bankruptcy after the coronavirus   
   pandemic hit revenues, the Swiss business media company said on   
   Monday.   
      
   While audience figures for the company’s audiovisual programmes   
   rose sharply over the past six months, revenues contracted as   
   business partners hit by the crisis cancelled or postponed   
   contracts, CNNMS said in a statement.   
      
   Its board of directors came to the conclusion on Sunday that the   
   uncertainty surrounding the economy and the future of the Swiss   
   media market did not point to “a sustainable profitability   
   solution” for the channel’s activities, CNNMS said.   
      
   The probation commissioner will preside over the liquidation of   
   the company, CNNMS said.   
      
   Launched in January 2018, CNNMS is managed by a privately owned   
   Swiss media company and has 25 employees. It is the only Swiss   
   partner of the Turner/CNN Group brands. (Reporting by Silke   
   Koltrowitz; Editing by Mark Potter)   
      
   Our Standards: The Thomson Reuters Trust Principles.   
      
   https://www.reuters.com/article/swiss-media-cnn-money/business-   
   media-firm-cnn-money-switzerland-files-for-bankruptcy-   
   idUSL8N2FJ4EL   
        
      
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