Swiss media group Tamedia lost 5.5 % of its revenue and significant 63.4 % of its net income in 2016. Its EBITDA margin sank from 22.9 % to 20 %. Reason being is the sharp decline in regional advertising income (minus 9.3 %). The share of digital revenues increased by two percentage points to 22.7 % of total revenues. Earnings from digital also became more profitable (EBITDA margin increased from 31.9 % to 37.4 %)… more …