HT Media enters into printing JV with Germany’s Burda Media

German media group Hubert Burda Media has entered into a joint venture with HT Media to set up a gravure printing venture in New Delhi. It is learnt that Burda, which publishes hundreds of magazines including Elle, Playboy and Focus, will dismantle a gravure printing press in Offenburg, Germany, and move it to New Delhi, where it will begin operating again by the end of 2009.

by exchange4media Staff
Published - Jun 6, 2008 7:45 PM Updated: Jun 6, 2008 7:45 PM
HT Media enters into printing JV with Germany’s Burda Media

According to reports in the international media, German media group Hubert Burda Media has entered into a joint venture with HT Media to set up a gravure printing venture in New Delhi. It is learnt that Burda, which publishes hundreds of magazines including Elle, Playboy and Focus, will dismantle a gravure printing press in Offenburg, Germany, and move it to New Delhi, where it will begin operating again by the end of 2009.

According to German business daily Handelsblatt, which quoted Burda's printing chief, Egon Weimer, the 50:50 joint venture would have a capacity of 50,000 tonnes per year.

At the time of filing this report, spokespersons in Hindustan Times were not available for comment. HT Media currently operates 17 printing facilities across the country.

Hubert Burda Media is a privately held, family-owned global media company that is more than one hundred years old. The company is headquartered in Offenburg and Munich, has additional main offices in Berlin and Hamburg and has more than 7,400 employees. Hubert Burda is CEO and owner of the company.

The German company publishes over 250 magazines worldwide with almost 70 titles in its home market. The portfolio ranges from women, fashion and entertainment (Burda Moden, Bunte, InStyle, Elle, Freundin, Lisa), news, men and lifestyle (Focus, Super Illu, TV Spielfilm, Max, Playboy), food and living (Mein Schöner Garten, Meine Familie & Ich, Das Haus) to consumer technology (CHIP magazine).

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