DGAP-Adhoc: TV-Loonland with staff reductions in its Munich office

 | Source: EQS Group AG EQS Group AG 

TV-Loonland AG / Restructure of Company

26.02.2008 

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Munich, 26 February 2008 – TV-Loonland AG today announces that as part of
its ongoing restructuring program the Group has given notice, for a date
later in the summer, to more than 50% of its staff currently employed in
its Munich office.

The Group has undertaken this restructuring step now so that its future
shape across its offices better reflects its ongoing business.

This follows on from both its debt restructuring exercise and debt for
equity swap as previously announced.

Meanwhile, TV-Loonland continues to be in discussion on the sale of its UK
Film Distribution business Metrodome besides other company assets, to pay
back all debts in the first half of 2008.

PR 003-080226


About TV-Loonland
TV-Loonland is a brand management company primarily in the children's and
youth market focusing on high-quality content which it develops and
produces in house as well as coproduces with third party producers and
partners. With offices in key locations throughout Europe (Paris, Munich
and London) and in the USA (Miami), TV-Loonland is ideally positioned to
identify, produce and market top quality brands across all media including
TV, Home Entertainment, Licensing & Merchandising as well as digital media.
TV-Loonland’s most recent successes include brands such as LITTLE PRINCESS,
THE OWL and PETTSON AND FINDUS.

Contact: Press/Investor Relations
Mark Kilisek/Wendelin Probst
Tel.: +49 (0) 89 20 50 8 – 0
Fax: +49 (0) 89 20 50 8 – 199
E-Mail: mkilisek@loonland.com / wprobst@loonland.com 
TV-Loonland AG
Muenchner Straße 16
85774 Unterfoehring/Munich
Germany


DGAP 26.02.2008 
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Language:     English
Issuer:       TV-Loonland AG
              Münchner Straße 16
              85774 Unterföhring
              Deutschland
Phone:        +49 (0)89 205 08 - 0
Fax:          +49 (0)89 205 08-199
E-mail:       info@loonland.com
Internet:     www.loonland.com
ISIN:         DE0005348403
WKN:          534840
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News                                     DGAP News-Service
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