Corelio Part of your life - KU Leuven Bibliotheken · 2012-10-31 · Foreword Annual report 2007 † Corelio Part of your life Sydes and Arkafund continue to be alert to new op-portunities

Corelio Part of your life

Annual report 2007

Annual report 2007 • Corelio Part of your life

Contents

Foreword 2

Mission and vision 6

Towards a very promising future in online editing 12

Anticipating the role of the newspaper in the 21st century 17

Editions de l’Avenir: the regional benchmark in Wallonia 24

We stay close to our readers 28

Talent always rises to the top 33

Writing radio history 38

Brands that work through 360° 45

Success is never a matter of chance 56

Entrepreneurship at the forefront 60

Key events 65

An eye for talent 86

Leading position in national reach and print 88

Board of Directors and Management 97

332


ForewordThe year 2007 was an important year for Corelio, with lots of new initiatives and a new organisational

structure.

54

Annual report 2007 • Corelio Part of your lifeForeword

Sydes and Arkafund continue to be alert to new op-

portunities and have already delivered Corelio valu-

able assets such as Caviar, ROB-TV, Minoc, Ackroyd,

Gezondheid.be and, more recently, stakes in Netmin-

ing, Mifratel, Quick Sensor and Yuntaa.

Corelio has been a media company in the north and

south of Belgium for almost two years now. It is a new

name which supports the multimedia, multi-regional

ambitions of our media group, a media group where

quality and reliability are key, just as was the case for

VUMmedia during the past thirty years.

At Corelio, we have laid the foundations for broadening

the basis of our group. That has led to an adapted organ-

isational structure which has been further refi ned over

the last year in collaboration with representatives of all

our activities. Our Dutch- and French-speaking newspa-

per activities and our regional free press activities now

have a direct voice in the Corelio Management Team,

by way of Peter Vandermeersch, Quentin Gemoets and

Eric Christiaens. With 400 journalists in permanent em-

ployment, we create added value in comparison with

the media at large, and we underline the societal impor-

tance of free news gathering.

The year 2007 was also the year in which Jo Van Croo-

nenborch left his post as Managing Director of Corelio

after more than 13 years at the head of the group. He

made several important contributions to the develop-

ment of the group, major in the printing division (now

rebranded as Corelio Printing), which he built up into a

very important pillar of the business, and later as CEO

of VUM and Corelio. After his departure, the Board of

Directors asked Piet Van Roe to take over the helm of

the group for a transitional period. On 31 March 2008,

he passed the reins to Luc Missorten, who has been

working within the group since November 2007.

In the coming years, of course, we want to continue to

strengthen our position as the major newspaper pub-

lisher in the land, with Het Nieuwsblad, De Gentenaar,

De Standaard, L’Avenir, Le Jour and Le Courrier. But, at

the same time, Corelio also aims to build on its already

important positions in online media, the regional free

press, radio, specialised magazines, audiovisual pro-

duction and the printing sector in both parts of the

country and gradually across the borders too.

Strong and innovative teams, reliable high-quality

brands, solid partnerships and a sound fi nancial basis

provide the important building blocks for this growth.

Thomas Leysen Piet Van Roe

Chairman CEO (till 31.03.2008)

De Standaard has never had so many readers. It was

the fastest growing of all Belgian newspaper titles,

both absolutely and in percentage terms. In the fourth

quarter of 2007, Het Nieuwsblad/Het Volk was the larg-

est newspaper combination in the country, working

hard on further product improvement.

Standaard.be and Nieuwsblad.be together received

approximately 300,000 visitors daily and, thus, are the

market leader in the news site segment in Flanders.

24.be, the national platform that bundles all of the

Corelio web sites, was successfully launched a few

months ago and will be fully unveiled over the course

of 2008.

Les Editions de l’Avenir brought their redeployment

plan to completion. After the format changes in 2007,

the newspaper was soon up to speed. A major step

was also taken online with the launch of Actu24.be.

In our regional free press segment, Passe-Partout

worked hard on a plan to break through in West

Flanders in order to cover the whole Belgian market

and boost its dominant position as the largest Belgian

press title, with more than four million readers.

Corelio Printing introduced new printing presses in

both the heatset and the coldset printing works. Once

again, the printing division made an important con-

tribution to the group outcome in a very competitive

market.

Radio Nostalgie has now been launched as the third

regional commercial radio station in Flanders and

is continuing its success story in French-speaking

Belgium.

Woestijnvis celebrated its tenth anniversary in 2007.

After all this time, it continues to be broadcast into the

region’s living rooms daily, with prestigious entertain-

ment and sports reporting.

Caviar, famous for its creative advertisement spots

and high-quality, full-length fi lms, increased its share-

holding in Caviar Los Angeles and also took a stake in

the Amsterdam production house *bike.

In the magazine division last year, Minoc started up

a new custom publishing department, and Ackroyd,

publisher of The Bulletin, also launched Flanders To-

day, the new free English-language weekly about life

in Flanders.

7


Mission and visionThe newspaper, once the only reliable source for consumers in their search for news and information, has

in recent years gained the company of new, primarily digital, news sources. Advertisers, who for years have

communicated with a broad target audience—the privilege par excellence of mass media such as television,

radio and newspapers—now have access to tightly defi ned target groups via the new media players and

media channels. It was against this background of changing market conditions that, in October last year, the

Corelio board decided to launch a strategic review. The starting point was to obtain a better view of Corelio’s

current position in this new competitive environment. In the months since, a number of work groups have

been concentrating on analysing trends and market imperatives with the primary aim of developing a suitable

strategy to make it possible to capitalise on a rapidly evolving market model.

98

Within the quality media segment, De Standaard will

be more clearly profi led as market leader with new ini-

tiatives to increase both the breadth and depth of con-

tent. In the last quarter of 2007, Het Nieuwsblad/Het

Volk became the country’s largest newspaper com-

bination. After the integration of its sister paper, Het

Volk, Het Nieuwsblad is aiming to become the largest

in its own right by producing more regional editions,

among other things.

Last year, Les Editions de l’Avenir made the leap to the

tabloid format, supported by a new content concept

and a new communication campaign aimed at raising

awareness and recruiting new readers.

Corelio Printing, which is active in a highly competi-

tive market, has grown in recent years to become a key

element and to make an important contribution to the

group result. The printing industry is confronted with

a structural overcapacity. We expect this industry to

consolidate further. We do not want to stand on the

sidelines in this consolidation process but want to take

on an active role as a consolidator.

Within the regional free press in the last few years,

Passe-Partout has coupled increased geographical

coverage with increasing readership. With the new

Spotter concept, the classifi eds have been given an

online dimension and an umbrella brand covering both

the newspaper and the regional free press division.

For Corelio, the regional free press division continues

to be a growth area in which we wish to invest further

by using a single brand to provide complete national

coverage.

... and letting it grow. In a second phase, Corelio

intends to use a mutually reinforcing, multimedia mar-

keting approach and brand management to achieve

market leadership in a number of specifi c target groups

and segments. In the evolution from “mass advertis-

ing” to customised advertising solutions, we intend

to focus on three key elements: ”proximity”, ”quality”

and ”digital theme leadership”.

In the future, Corelio intends to make more use of this

digital extension in order to reach target groups in the

quality segment more frequently and more effective-

ly.

Newspapers have been a dynamic medium for a long

time now. Research reveals that no other medium has

grown as fast as the cumulative reach of traditional

and online newspapers in Flanders. As a sector, it is

of the utmost importance to maintain this competitive

advantage.

Conclusion. Two years after the launch of our new

name, which emphasised the multimedia and multire-

gional character of our group and gave form to an inte-

grated organisational structure, we are ready for a new

step. Corelio stands at a crossroads, and maintaining

the status quo is not an option.

In this rapidly changing landscape, we are open, more

than ever, to fl exible partnerships. As a group, we are

prepared to invest further in our reliable brands, qual-

ity content, knowledge and expertise, state-of-the-art

technology and, fi rst and foremost, our motivated staff.

And all of this with the same goal in sight: to become

the leading platform that links the customer-advertiser

with the consumer-reader. For us, one thing is already

clear: Corelio is part of your life.

Luc Missorten

Chief executive offi cer

Annual report 2007 • Corelio Part of your lifeMission and vision

In recent years, due to the boom in digital and Internet

technologies, there have been fundamental changes

in the way that information is exchanged. Content is

becoming ever more multimedia oriented and is avail-

able on various (online) platforms.

This has resulted in a fundamental change in consum-

ers’ patterns of expectations. They expect their news

providers to offer not merely a traditional, purely print-

based offering, but also a multimedia portal which

must be targeted to their personal interests. Consum-

ers are no longer that eager to pay for content, but

provide content themselves (user-generated content,

UGC). Free content is becoming more and more the

norm, as can be seen from the success of sites like

YouTube and Wikipedia.

Free content has led to a clear shift in the advertising

revenue patterns for media companies.

Intelligent connections. Our strong range of Core-

lio brands brings us in contact with consumers sev-

eral times a day. Thanks to the quality of our content,

our reader promotions, and not least of all our gener-

ous investment in market intelligence, we have built

up a strong relationship of trust with consumers. The

anonymous reader of earlier times has now become a

close acquaintance for Corelio with a defi ned range of

interests and belonging to a clearly described target

group.

If today’s consumers get information via multiple

channels, then advertisers will need to work on that

basis if they still want to reach the consumers. Today,

brand awareness is built up and supported by an inte-

grated package of different media channels. Corelio,

in recent years, has already been active in this way, by

combining its traditional (print) media with success-

ful Internet applications and by diversifying into other

media platforms.

More than ever before, we will soon need to be able to

bring advertisers into contact with a carefully selected,

valuable target group of consumers in a cost-effective

and intelligent manner.

In this way, Corelio will soon be able to differentiate

itself from other media players by offering customised

provision, i.e. custom provision for the consumer via

a personalised offer, and custom provision for the ad-

vertiser by offering intelligent connections in a strong-

ly fragmented media landscape. These connections

should allow the advertiser to reach its segmented

target group as selectively as possible via an optimal

media mix.

Corelio’s new vision, therefore, starts with both our

customer, the advertiser, and with our customer, the

consumer-reader. For both of them, we are thus “Part

of your life”.

Increasing robustness ... In recent decades, our

group has built up a strong position in the Belgian

media landscape and has been able to fulfi l its social

role by developing an excellent working relationship

with its stakeholders which include reliable partners

in the business world and in other media sectors, and

transparent relations with the social partners based on

mutual respect. Regardless of future strategic choices,

Corelio wants to further build up the basic elements of

its core business: quality media, Corelio Printing and

regional free press.

Part of your life

DiscoveryDiscovery begins with surprise; viewing the world with an open mind, ready to re-think the obvious. Consider our news media.

In print and online, our titles have become beacons of confi dence, strong news brands that no one can do without.

Large and small changes keep our media fresh and young. It’s no coincidence that more and more people are turning to our

news, more and more often.

in online editing

13

Discovery

12

Johan Mortelmans

Philippe Dautrebande

Annual report 2007 • Corelio Part of my life

Corelio was originally a newspaper publisher, but we now bring

the news via a broad range of channels. Online publishing is

a core activity within the group, and digital news seamlessly

supplements the paper newspapers. In 2007, Corelio confi rmed

its role as a pioneer on the Internet with the launch of municipal

sites and the open news portal 24.be. Johan Mortelmans, director

e-media, and Philippe Dautrebande, internet manager for Editions

de l’Avenir, both confi rm that they have great ambitions for the

Internet.

Towards a very promising future

14 15


A site for municipalities. In 2007, Corelio also

strengthened its role as market leader in the regional

news segment. “The Internet is an open window on the

world, but there has never before been so much interest

in local news. We have taken full advantage of this at

Corelio. Every Flemish municipality has its own niche

on Nieuwsblad.be, and in French-speaking Belgium, we

do the same on Actu24.be. The investment in regional

communities on these web sites has resulted in excellent

reach fi gures,” says Philippe Dautrebande. Jobat and

Spotter are also visited 24/7 by the Internet public and

continue to grow steadily. At the beginning of 2008,

Passe-Partout also went online. “This combination

of initiatives makes Corelio the fi rst media group to

develop a multimedia platform for regional advertisers

and for readers who are interested in news from their

immediate surroundings on such a large scale.”

The launch of 24.be is a perfect illustration of Corelio’s

pioneering role in the e-media landscape. Johan

Mortelmans: “Corelio is the fi rst Belgian publisher to

launch an open news portal. Not only does it summarise

the best news sources in the world, it also allows you to

Google, read your e-mail, keep your diary, or look for a

job or a holiday let. You can also directly access Spotter,

Gezondheid.be, Jobspotter.be and Gamespot.be.

You can even report your own news interests. Our

ambition? To offer a personalised window with reliable

news—international, national and regional—which is

also an ideal platform for consulting and managing

information and services on other sites.” 24.be will be

further developed this year.

A project coordinating team is at work on 24.be, with

staff from the north and the south of Belgium. “Keep

an eye out for us, because the best on the Internet is yet

to come.”

Cross-media projects bring Corelio staff together across divisions and across the language borders.

It was in the mid-1990s that Corelio—then still

VUMmedia—took its fi rst steps on the Internet. Today

Corelio is one of the top online publishers in Belgium.

“The media landscape is becoming more and more

virtual,” says Johan Mortelmans, director e-media at

Corelio. “E-media have become an essential supplement

to traditional channels, and that’s certainly true for

delivering the news. More and more people want to be

able to access news 24 hours a day. The requirements

of news consumption have changed immensely, and

Corelio has always tried to play a proactive role by

staying a step ahead in the digital revolution. There is

evidence of this today. Online publications have become

a full-fl edged medium within the group, and our online

news brands are strengthening the reputation and the

reach of their printed equivalents, on both sides of the

language border.”

Corelio E-media is the umbrella organisation for all

of Corelio’s e-publishing activities and brings together

everyone working online within the group—a single

vision, interpreted in each division. Collaboration

between the divisions ensures that the synergies

between the different news media are exploited to the

full. This also leads to valuable cross-fertilisation on

the work fl oor; our staff stand shoulder to shoulder

working on cross-media projects. Johan Mortelmans:

“I’m thinking of the elections in 2007, where common

modules were made for notifi cation of the election

results in both national languages. The same goes

for sports results and competitions, which have also

become real crowd pullers on our sites. There is a

constant exchange of information, illustrative material,

technical tools and best practices. This is all possible

thanks to the development of a strong web platform

which was launched in 2007. This is a broad Internet

initiative which has put us technically and qualitatively

in a position to realise our ambitions on the net.”

“E-publishing is becoming ever more complex.

Rising above the online hubbub is the challenge. Our

newspapers’ web sites offer much more than the

updated, online version of the paper article. They house

new content and new media and constantly expand the

forms of interactivity between readers and journalists.

The 2007 CIM indicators prove that the success of the

online news brands Standaard.be, Nieuwsblad.be and

Actu24.be has reached a new high. More and more

people are visiting their trusted digital newspaper

several times a day,” says Philippe Dautrebande. In 2007,

Standaard.be and Nieuwsblad.be made a spectacular

leap forward. Together they account for 300,000 visitors

each day. This makes Corelio the market leader in

Flanders in the news site segment. In Wallonia, we are

taking a big step forward with the launch of Actu24.be.

In 2007, we launched the large-scale Web platform that has put us technically and qualitatively in a position to realise our ambitions on the net.

Discovery

In an ever-noisier media world, the Corelio newspapers provide balanced news, clear analyses, and fresh opinions.

Our daily papers have a mission: They aim to stand out for quality reporting, offering a broad view of the world,

and at the same time staying very close to the reader. Quality will always prevail—we are convinced of that.

Reliable

1918

Reliable Annual report 2007 • Corelio Part of your life

of the newspaper in the 21st century

PeterVandermeersch

Better synergy between the news in the newspaper and the news online. In 2007, this was

one of the key editorial aims for De Standaard and Het Nieuwsblad. “And we are continu-

ing to place the bar higher than ever, whether on paper or on the web site, for foreign

affairs or for strictly local news. Because in a society where there is more and more news

to gather, there is also an increasing amount of distractions which are not newswor-

thy. The need for trusted news brands of proven quality remains very high,” says Peter

Vandermeersch, executive editor.

Anticipating the role

2120

reader interaction and made our news coverage even

stronger. The public appreciates all these changes. An

increasing number of people are visiting our news site

more and more frequently. De Standaard online re-

corded unheard-of reach scores last year. The success

of our economic news coverage on Standaard.biz is

particularly striking. Newspaper sales grew by a solid

four percent.”

Dialogue “The time when journalism was a mono-

logue, a lecture from journalists, lies in the past. This

is fortunate, perhaps. Journalism, particularly via the

web site, has become a dialogue with readers. They

take part in surveys and debates, react to our news

coverage, and send us photos and opinions. Consider

our North-South series with Le Soir or our series on Is-

lam, two high-profi le journalistic projects which have

thousands of people debating at a very high level on

our sites. This input inspired our journalists to produce

follow-up features in the newspapers, giving readers

further opportunities to react and exchange thoughts

with one another—in short, a continuous dialogue, and

a good example of cross-fertilisation between journal-

ism and ‘user-generated content’. There is plenty of

reader interaction at the local level, too. A lot of the

information on our municipal sites is provided by our

users. Helping to better circulate valuable information

in society, isn’t that the essence of journalism?”

Standing still means going backwards The me-

dia landscape is changing rapidly, and there are an in-

creasing number of news media. That is good news

for journalists; our playing fi eld is bigger, and we are

able to take a broader view. And it’s a change that also

chimes in perfectly with Corelio’s development from

simple newspaper publisher to a multipurpose, multi-

media news company. At one time, our newspaper edi-

torial offi ces closed at 22.30. Today there is no longer

a closing time. We are dismantling the partitions be-

tween different media, the walls between our edito-

rial teams, in order to exploit the effects of our syner-

gism. So, yes, this is a pioneering approach. We are

well aware that anticipating and innovating is a matter

of trial and error, but we’re happy to do that. Exciting

times are on the way.”

Our newspapers are changing with the times, and our editorial teams are changing with them.


A paper has to offer unique news. Why would you buy a paper if you can read the same content on the Internet?

“The year 2007 was a tipping point for the editorial

teams at Het Nieuwsblad and De Standaard. Both in-

ternally, in our working methods, and externally, in

the way in which we provide the news, we have taken

remarkable steps to improve our performance even

further. Last year, together with the editorial teams,

we took on the challenge of making our newspapers

and online papers more closely integrated, so that

they complement each other even better. We also put

more people to work online, in part to strengthen our

news reporting, but more particularly to engage in in-

teraction, dialogue and debate with our readers. In our

paper editions, the emphasis is on background items,

analysis and opinion, while our web sites are cut out

for breaking news and satisfying the hunger for rapid

news”.

Making the difference. In a society in which both

the demand and the supply of news are constantly

growing, our emphasis lies more and more on adding

value to the news that we supply. This added value lies

in an unerring match between content, form and me-

dium. “Our editors talk of ‘the fi ght over paper’. Every

editor must show that his or her piece is worth print-

ing. For the paper medium, we measure this value in

terms of the relevance of the article and its uniqueness.

A newspaper must deliver unique news—why would

you buy a paper if you can read the same content on

the net? Online news may indeed have become impor-

tant, but that doesn’t mean that the role of the paper

medium is played out—on the contrary.”

Proximity. The modernisation process undergone by

De Standaard and Het Nieuwsblad in 2007 refl ects our

vision of the rapidly changing role of the newspaper in

the twenty-fi rst century. “Producing a quick-witted pa-

per that expresses our readers’ experiences, that’s the

challenge now taken on by the new Editor-in-Chief of

Het Nieuwsblad. More than ever, Het Nieuwsblad aims

to be involved. With fi rst-rate local news coverage, it

strives to be a paper positioned close to its readers,

literally. In 2007, not only did we greatly expand our

sports and regional reporting, but we also strength-

ened our regional editorial teams on the ground. The

increased attention to local news is carried through on

the web site. Three hundred and eight Flemish munici-

palities now have their own corner on Nieuwsblad.be.

News about what’s happening on the village green has

never been so easy to fi nd! So it’s no coincidence that

the number of visitors last year reached a record high.”

Highly rated news. In 2007, a brand new De Stand-

aard rolled off the presses, complete with four-colour

printing and a new lay-out. Design is exceptionally

important for a modern paper, because the form sup-

ports the content. The editorial emphasis lies primarily

on politics, given the state of current affairs. “Our task

was to capture the complex political reality as closely

as possible, and I believe that we succeeded in doing

that better than any other medium. Online, we boosted

Our editorial teams are dedicated to an integrated approach to the news, in the newspaper and online.

Reliable

ProximityStrong national news brands with an even stronger regional slant. We seek out the public in their own homes,

in their own environment. Newspaper, web site, regional free press, radio, and television, all deliver information which is

of direct use in their daily lives. We reach the right people, at the right time, in the right place.

2524

are still many opportunities in online publishing, and

we want to do much more than simply digitalise the

content of our newspapers. We are going for a com-

bination of paper and digital news products which re-

inforce each other. We see the launch of the web site,

Actu24.be, as a milestone in our development from

newspaper publisher to multimedia news organisa-

tion. With our online activities, we aim to deliver a bet-

ter news service and boost our relationship with our

readers, which is more important than ever.”

“A modern paper which stays close to its readers.

In a nutshell, that’s what we want to be. ’Proximity‘ is

a key value for us. Geographically, we want to further

exploit our regional roots. Our nine editions have all

developed into benchmark newspapers in their re-

gions. This strong reputation is largely due to the qual-

ity of our regional reporting. Editorially, we want to

explore and exploit this path even further. We do not

just report what happens in the region, we want to be

an active part of it. And we are engaged in a debate

with our readers about the issues that matter to peo-

ple.” The bonds with readers and their regions are also

expressed online. Every municipal district in Wallonia

has its own niche on the web site Actu24.be. Informa-

tion and news about what’s happening on the village

green has never been so easy to fi nd. “The growing

number of visitors to our site shows that this approach

is working.”

Innovating in a diffi cult market. Only progressive

media makers take on such challenges. In a steeply

falling French-speaking newspaper market, the Vers

l’Avenir group still has more than 400,000 readers.

“We are holding on to our market share of 26% in the

popular segment. In the Namur and Luxembourg prov-

inces, we are still the absolute market leader, but we

also have a strong position in Walloon-Brabant, Hain-

aut and Liège. We want to stay at the ‘cutting edge’ in

the regional news segment. In a world in which people

want and can access information quickly and from al-

most anywhere, it is becoming increasingly diffi cult to

pinpoint the relevant and reliable information. That’s

where we would like to be able to make the difference

with our news channels.”

“Thus, we face a dual challenge: developing op-

portunities for growth and controlling costs more ef-

fectively. In 2007 we worked out a development plan

that sets out the guidelines for our future. That future

lies in a thoroughly regional multimedia image. Not

only do we want to take the convergence between

print and online further, we also want to make optimal

use of the talent at our disposal where it pays off the

most. No matter what powerful tools you may have, in

the end, it’s people who make a company. Luckily, we

have lots of in-house talent. That, and a clear vision of

the future, should enable us to position Vers l’Avenir

sustainably in the 21st century media market.”

In 2007, readers of L’Avenir, Le Jour or Le Courrier were alert to their newspaper’s local focus and its constant investment in producing an even better newspaper.

benchmark in Wallonia


Modernisation was the keyword for Editions de l’Avenir news-

papers in 2007, both for the paper edition and online. “Innova-

tion must lend a new impetus to our ambition to develop into

a leading multimedia news group with very strong regional

foundations,” says Quentin Gemoets, Managing Director of

Les Editions de l’Avenir.

Since 22 May 2007, Les Editions de l’Avenir newspapers

have appeared in tabloid format and in full four-colour

printing—a minor revolution for a newspaper that had

appeared in the same format since 1998. The nine re-

gional editions of the newspaper will, in the future, be

printed in Groot-Bijgaarden at Corelio Printing. Chief

Editor Pascal Belpaire’s team seized the opportunity of-

ferred by the format change to adapt the structure and

layout of the paper, too. Quentin Gemoets notes: “The

new paper will contain two blocks and four sequences,

each marked with a particular colour. The central sec-

tion contains regional and sports information while the

general news and the magazine pages are grouped in

the outer sections. The weekend supplements, Télékila

and Spotter, remain unchanged. With their smaller for-

mat and separate editorial formula, they immediately

catch the reader’s eye between the newspaper pag-

es.”

Statement on the net. 2007 was also the year in

which Les Editions de l’Avenir made the breakthrough

to the Internet. “Newspapers have become a multime-

dia project. As a newspaper publisher, we play a pivotal

role in spreading news, but we deliberately do not limit

our scope to the publishing of newspapers in paper

form. In the French-speaking part of the country, there

Editions de l’Avenir: the regional

Proximity

QuentinGemoets

ExploreCorelio has a goal: In the avalanche of information that overwhelms people every day, we want to stand out above the noise.

Closing the information gap for narrowly defi ned target groups is no idle ambition. We are ready to explore and to offer

custom-made solutions. That’s the only way to extend the boundaries.

2928

Big in a small niche. The Ackroyd Publications port-

folio contains other specialised English-language pub-

lications. Since 1998, the international target group

also has been able to slake its thirst for news online.

xPATs.com has grown to be the benchmark site for

expats in Belgium, with vital information on life, work

and leisure in Belgium. And there’s more. “To keep our

target readership informed, we adopt a 360° approach.

The readers are central, and the different media are

deployed around them. As well as print media and

the web site, we are also active in the organisation of

‘tailor-made’ events, and we communicate via direct

marketing. Through the combination of personalisa-

tion, multi-channelling, digitalisation and the develop-

ment of a community, we stay very close to our public.

That’s helped us to become big in a very specifi c niche.

You don’t need to be a master strategist to see how

this fi ts in with Corelio. We needed Corelio for further

growth; Corelio needed us to break further into the

magazine market.”

The strategic partnership works both ways.

“What we have in common is that we are both expe-

rienced, reliable players who don’t compromise on

quality. What unites us is our respect for the reader.

We also value each other’s professionalism. Corelio

offers us an exceptional platform from which to do

more of what we are good at. We are happy to make

the most of the economies of scale, the back-up and

the opportunities provided by a large group. What do

we offer Corelio? The expertise to penetrate and serve

a niche market, and naturally, a foot in the door with an

international public in and around Brussels.”

“With Corelio’s know-how, we can hone our

qualities as a multi-media publisher. We have

plans to optimise our online news service, to develop

the advertising market jointly, and to make the relation-

ship with our readers even better than it already is. Our

key task is to offer relevant and reliable information.

To do that, we want to exploit the advantages of each

medium more fully: hot news should be online within

minutes, while background information and analysis

fi nd their place in print.”

An interesting new project has already been

born of the marriage between Corelio and Ack-

royd Publications: Flanders Today is the new free

English-language weekly about Flanders. The Flemish

Minister for Foreign Policy, Geert Bourgeois, wants to

use this initiative to help keep the international scene

of diplomats, European offi cials, foreign journalists,

tourists and foreign students right up to date on Flan-

ders. After a public-tender procedure, Corelio won the

contract to produce the magazine from A to Z. “The

independent English-speaking editorial team is based

with Ackroyd, both for the printed medium and for the

web site. The development of the site is in the hands

of Corelio E-media, and Corelio Printing will handle the

printing. The results of combining these strengths are

much more than the sum of their parts.”

Cross-fertilisation between Ackroyd and Corelio delivers an all-new publication—Flanders Today.


We stay closeto our readersAt the end of February 2007, Ackroyd Publications was taken

over by Corelio. Ackroyd is the publisher of English-language

magazines, such as The Bulletin. 2007 would prove that the

match between these players was more than just a strategy

on paper—it produced fi reworks.

In 1962, Monique Ackroyd established her family’s

business, Ackroyd Publications. The Bulletin, the week-

ly magazine with ”information on Belgium in English”,

started life in a cellar. The magazine is aimed at the

international community in Belgium and has worked

its way up to becoming a “must-have” for some 52,000

readers in and around Brussels. Pascale Zoetaert,

General Manager, Ackroyd Publications: “The Finan-

cial Times once described the Bulletin as ‘the bible’

for our readers. We continue to be so to this day. We

have close ties with our readership. In the fi rst place,

because we fulfi l a real need for providing information

to a narrowly defi ned target public—foreigners living

and working in Belgium, making their way through the

ins and outs of this country. The Bulletin has a 44%

share of the market for English-language magazines in

Belgium. This makes it the local market leader, ahead

of the Economist, Time, Newsweek and the European

Voice. The Bulletin is the only English-language maga-

zine that focuses on news, culture and lifestyle in Brus-

sels and Belgium. We are also the oldest news maga-

zine in the country. So you can confi dently describe

the Bulletin as a long-standing value.”

Explore

PascaleZoetaert

CreativityCan creativity save the world? At Corelio we are convinced that creativity is one way of making a difference in any

fi eld. A creative approach to the media, to the expectations of advertisers, to the needs of the public, and to the

aspirations and talents of our own people—creativity is a never ending story at Corelio.

33

Creativity

Talent always rises to the topEveryday prices with the allure of haute cuisine—that is how the Humo editorial

team describe the number one programme ”Man bijt hond”, which carried off

Humo’s Ha! Award for the best Flemish television programme last year. After ”Het

Geslacht De Pauw”, ”In de gloria” and ”Terug naar Siberië”, the prestigious prize

went for the fourth successive year to the Woestijnvis production house in which

Corelio has a share of 40%. “Woestijnvis gets the best out of creative people,” says

documentary maker Martin Heylen.

MartinHeylen


3534

vis; we don’t do things the easy way. Television with a

plus must have more to offer. This calls for a different

attitude from television makers and another way of ap-

proaching creativity and the medium itself. Consider,

for example, the formats and the topics we tackle in

‘Man bijt hond’. Some of what we do there is a bit unu-

sual for a prime time programme on a family channel.

In 2007, we won the Minorities Forum’s fi rst prize for

cross-cultural television. We’re very proud of that. You

don’t get an award like that for just featuring someone

with different coloured skin once in a while. A report

about immigrants in ‘Man bijt hond’ can sometimes

get people thinking more than a special feature in a

news programme can.”

The imagination knows no boundaries. “To work

well, I need an environment where I feel at ease. Then,

working isn’t really working any more. Working is

expressing what you feel inside. Woestijnvis under-

stands this completely. You can compare it to being a

passenger on a train hurtling through a beautiful land-

scape—and you have the freedom to get off where

you like, when you like, and have the most amazing

adventures. On the other hand, you also need people

who can prune the jungle of ideas in your head. They

give you the freedom to indulge your creativity, but at

the same time make you focus on your strengths. It all

has to come from you, but at Woestijnvis, the belief

in people is there.” Can creativity save the medium of

television? “I’m sure it could help. Hopefully the broad-

casters value creativity, too. Actually, that’s precisely

what we do at Woestijnvis—point out that the creative

talent from our own back yard deserves its place in the

Belgian television landscape.”

We deliberately choose not to make the easiest type of television. At Woestijnvis, we don’t try to do things the easy way.


Last year Woestijnvis celebrated the tenth anniversary

of its founding. Television in Flanders would never be

the same again. “I came to work for Woestijnvis a week

before the fi rst broadcast of ‘Man bijt hond’. I had nev-

er worked in television before, but I got a chance to do

my own thing. Creativity above all: that is the ruling

culture at Woestijnvis. They have an exceptional eye

for talent and the gift of creating an environment in

which talent thrives and blossoms. And I think I’m a

good example of that,” Martin explained.

Delectable television. ‘Man bijt hond’ was the very

fi rst Woestijnvis production, and it is also the longest-

running. But the programme doesn’t feel ten years old;

it still looks really fresh. “Perhaps that’s because we

are constantly rethinking ‘Man bijt hond’ without af-

fecting the spirit of the programme. Look back at an

episode from the early period, and you can see that

we’ve come a long way. And we are our own best crit-

ics. Every morning at half past seven we open the pro-

gramme up to questioning. We brainstorm, we fi lter,

we improve. We’re always looking for the right people,

the best line of approach, the perfect camera angle. If

something is not right, or not good enough, we can tell

each other about it. Fairness and absolute respect for

each other are the bases for improvement.”

There’s a fantastic story hiding in everyone.

“What ‘Man bijt hond’ does is much more than bring

a newspaper article to the screen,” says Martin Hey-

len. His own reports are perfect examples of that. He

and his team take a look at a cross section of Flanders,

and that leads to a fascinating series of meetings and

scenes, a heartwarming celebration of everyday life.

“The planning is minimal—you just go from one per-

son to another— but the simplest formulas often deliv-

er the strongest television.” Martin’s trips to America

and Siberia delivered more of that top-notch material.

Martin actually visited Siberia twice: once in the win-

ter for ‘Man bijt hond’, and once in the summer. The

summer trip resulted in a television programme of its

own, ”Terug naar Siberië”. The series won Humo’s Ha!

Award for the best Flemish TV programme and the

television Critic’s Prize. “I fi nd people’s appreciation

even more important. The viewing and appreciation

fi gures were very high. It’s great when you feel that

your programme comes to life again with the public.”

And since Martin only knows one cure for his itchy

feet, he travelled through China last year. “Siberia

was hard, but China was even more diffi cult. It really

is a completely different culture. Once I asked a Chi-

nese man ‘How do you fi nd living here?’ He answered,

‘With a map.’”

Nose picking. “Human interest and reality pro-

grammes are on the rise. They capitalise on basic hu-

man curiosity. But you don’t make good television by

just fi lming some local celeb picking his nose. In the

case of our travel documentaries, we didn’t choose the

easiest path. You can take that literally, too. I can assure

you, travelling through some godforsaken place can

be pretty heavy going. That’s also typical of Woestijn-

In the world of Belgian TV production houses, Woestijnvis is a household name. For Corelio, Woestijnvis opens an important door to the audiovisual sector.

Creativity

Surprisingly invigorating. Our media concepts must keep their fascination, not once, but again and again. We need to innovate,

but not too much. We are advocates of changes that make the experience and perception of media better and more intense.

So our media concepts are never fi nished; they are the result of a creative and ongoing thought process.

And we are happy to say that our staff gets the greatest pleasure from this process. Pleasure

39

Pleasure

38


Dirk Guldemont

radio historyA new spring, a new sound. In March 2008 the third

national, commercial radio broadcaster was launched:

Nostalgie, a joint initiative by Corelio, Concentra and the

French NRJ group. Managing Director Dirk Guldemont

and his team are pleased to be able to show that their

music has a place in the Flemish radio landscape.

Writing

4140


After French-speaking Belgium,Nostalgie is continuing the succes story in Flanders.

Radio know-how from the South. The launch of

Nostalgie in Flanders is not Corelio’s fi rst broadcasting

experience. In Wallonia, Radio Nostalgie is already a

familiar concept. The broadcaster has a market share

of 10% and some 400,000 listeners tune in every day

to the radio station with the high ”feel-good” factor.

“Nostalgie in Flanders will build on this success story,

and Corelio will increase its weight in the broadcasting

market. But the Flemish Nostalgie is not just a copy of

its Walloon equivalent. We are not importing a concept;

we are making radio for the Flemish market based on

the needs that exist here. Of course there will be cross-

fertilisation. Nostalgie in Flanders and in Wallonia will

work together where it’s possible and advisable.”

Fitting in with advertisers’ needs. “Another advan-

tage of Nostalgie is that advertising sales are managed

nationally. We are the fi rst brand in the radio market

with a standard offer in both Wallonia and Flanders,

and thus we fi t in with the needs of large national ad-

vertisers who determine their radio advertising strat-

egy nationally, and not regionally. The fact that we are

breaking up the commercial duopoly of VAR and Radio-

regie is a welcome bonus. In this way, we also offer

advertisers more elbow room in their negotiations for

spending advertising budgets. And last but not least,

Nostalgie is a broadcaster with a clear profi le. Adver-

tisers can achieve both a broad and a very focused

reach.”

Radio in the multimedia. “After know-how and our

communication skills, the greatest added value that

Corelio brings to Nostalgie is the fact that it is a stable

shareholder, a shareholder for which investment in ra-

dio is a strategic policy choice. Radio is a slow-moving

medium that needs time to attract a faithful public, so

the support of a stable partner is important. In addi-

tion, the future of radio lies in successful interaction

with other media and new technologies. Corelio is just

the right partner for all of this.”

The future looks bright. “Listening to the radio

wherever and whenever you want, to the content you

choose, on your cell phone, iPod, PC, etc.—there is a

constant stream of new ways and distribution chan-

nels for listening to the radio. These innovations enrich

the medium, because they expand the occasions for

consumption and the opportunities to enjoy radio. The

addition of text and images, digitalisation, and interac-

tion lend a new interpretation to the medium. Person-

alisation in the media is an irreversible trend and the

opportunities are still far from exhausted.”

Making radio. That has been the theme par excel-

lence throughout Dirk Guldemont’s career. Gulde-

mont’s radio career began – how else? – in the 1980s

when local radio stations sprang up like mushrooms in

almost every village. He was a programme maker and

presenter, worked for Donna and Radio 2, and in 2001

was present at the birth of 4FM. “The break away from

the national broadcasting monopoly was a milestone.

In those years Flanders was the only market in Europe

which still had no private radio station. The arrival of

the fi rst commercial broadcaster changed the radio

landscape radically.” A minor revolution was also

needed for the launch of Nostalgie: an amendment

to the Flemish broadcasting decree so that provincial

broadcasters could work together. At the end of 2007,

Concentra, Corelio and NRJ reached an agreement to

create a Flanders-wide broadcasting network by com-

bining the local broadcasters Mango from West Flan-

ders, GoFM from East Flanders, Antwerpen1 from the

Antwerp region and Contact Vlaams-Brabant.

Building bridges. Nostalgie is the third largest Flan-

ders-wide commercial station after Q-Music and 4FM.

The new broadcaster reaches more than 90 percent of

the Flemish population. “The arrival of Nostalgie is a

landmark in Belgian radio history. It was a long time

coming. You can’t change the radio market overnight.

It takes pioneers. And if – as here – it takes the form of

two existing and competing media companies getting

together, that really is a pioneering feat. Paving the way

together is immensely fascinating! Private media play-

ers, who have more scope and room to manoeuvre,

bring a shot of oxygen to the sector,” Dirk Guldemont

thinks. “And everybody benefi ts, not only the players

on the market, but listeners and advertisers too. Not

to mention the broadcasting medium itself, because

enriching the supply and increasing competition help

to make even better radio.”

The gap in the Flemish radio market. “In Flanders,

Nostalgie has fi lled a gap. We broadcast ‘classics’,

music from the 1980s and 1990s, and aim at a target

audience of active people in their thirties and forties.

Good, unpretentious music that takes you back to your

youth is what we go for. Of course we also cover the

news, but that’s not where the emphasis lies. We’re

a thoroughbred music broadcaster. Nostalgie also has

its own house style, cheerful, but not exaggeratedly

so. Precisely because we are fi lling a gap, I am certain

that Nostalgie Flanders will earn a place in the sun.

A place it will claim for itself, too. Flanders is still an

immature broadcasting market, with more opportuni-

ties than competitors. Just consider: The Netherlands

has ten commercial radio broadcasters, and France,

twelve. The space is there. Finding listeners is not that

diffi cult—keeping them is another matter.”

Competition keeps radio broadcasters alert.

Pleasure

ConnectionYou and Corelio. Whether you’re reading, listening to the radio, or sitting in front of the TV or your computer screen,

Corelio is part of your life. As the largest media group in the country, we reach more than half of all Belgians.

We have a unique bond with fi ve million fellow countrymen and with our advertisers.

We put contact and dialogue fi rst, and we believe in the power of knowledge and expertise.

4544

Brands that work through 360° Reaching consumers has never been so complex. Catching their attention, if you can, is even more diffi cult. There’s an infor-

mation overload and people have a built-in fi lter: only what’s of real interest gets through. In short, you can’t buy attention,

you have to earn it. The Corelio advertising teams, Corelio Connect, Passe-Partout, Spotter, Jobspotter and Jobat, are now

fully equipped to help advertisers earn that attention. Hans De Rore, Corporate Director Advertising, explains.

“There have never been so many ways of reaching

people. The media on offer is enormous; advertisers

and consumers are overwhelmed by choices. The good

news is that companies can choose from very different

channels to bring their message to the consumer. The

less good news is that consumers have a very limited

attention span. So you’re forced to use several chan-

nels simultaneously to get the same communication

effect as before. This change also has consequences

for the relationship between media companies and

advertisers. Today the advertisers are sitting in the

driver’s seat. Their needs are our starting point. Ad-

vertisers expect a partner who thinks along with them

and advises them about the best media mix and about

how to increase the success ratio of their campaigns—

a role we play with great pleasure.”

No waste. “Advertisers also expect return on in-

vestment. Every euro spent must pay its own way.

No waste also means approaching your target public

as selectively as possible. We are constantly invest-

ing in knowledge and technology to make that pos-

sible. This hasn’t made our task any easier, because

what companies are looking for is a relationship with

the consumers, and that’s new, too. Previously, it was

easier to measure and clearly identify target groups

using socio-demographic profi les. Today, the tradi-

tional defi nitions are no longer enough to defi ne a

target public. Advertisers want to aim at people who

go mountaineering, or who like ice cream, or who surf

the net between half past fi ve and half past seven. In

other words, the advertiser wants to aim its arrows

very, very accurately, because if you get it right, a rela-

tionship with the consumer will lead to dialogue, inter-

action, and two-way traffi c. Alongside the traditional

mass media, additional media are necessary to set the

consumer in motion.”

One-stop shopping. “In practice, the most success-

ful campaigns are cross-media campaigns. These

campaigns combine the broad strength of news me-

dia with the selectivity of niche media or channels that

make one-to-one contacts possible. It’s also no coin-

cidence that advertisers are increasingly seeking us

out for their below the line advertising investments.

Thanks to the range of our brands, today we can offer a

wide spectrum of options for bringing a company and

its target public into contact with each other. We open

up our databases to advertisers, we organise competi-

tions in which advertisers offer their products and we

Annual report 2007 • Corelio Part of your lifeConnection

HansDe Rore

4746

Brands that work through 360°. “Last year at Core-

lio we made huge efforts to direct our brands into rele-

vant channels for the advertiser. The Spotter concept

brings all buyers together under a single brand, in the

newspaper, in regional free press, online etc. This not

only increases consumer recognition, it also functions

as a quality label. Jobat has always been a pioneer

within the group in the multichannel approach. The

latest additions to the Jobat umbrella are Jobat Direct

and Jobat TV, which provide relevant, highly targeted,

quality content. As for the regional free press market,

in 2007 Passe-Partout once again proved to be the

champion in reader interaction with the Passe-Partout

Treasure Hunt, which mobilised the whole of Belgium

for weeks on end via print, online and SMS communi-

cation.”

“Enabling advertisers to discover the potential of our

media is an exciting, daily challenge. We share the

knowledge we have developed with our partners. We

deliver a number of best practices to the advertisers

based on our experience with cross-media projects,

but we are also willing to explore and try out new

things together.”

Advertisers very deliberately choose a media brand and the community built around that brand. Brand perception is key.


create tailored content. For example, we can create

a special magazine commissioned by the advertiser

which can be included with the newspaper, distributed

by the advertiser through its retail outlets, or sent out

to a sophisticated selection of readers. We can even

organise events. Our Jobat Career Launch fairs, where

we bring employers and applicants together, are huge-

ly successful and meet a real need in the labour mar-

ket.”

Brand perception. “The strength of our brands is a

crucial factor in our success. In the mind of the con-

sumers, a message that comes to them from our quali-

ty label deserves their undivided attention. In practice,

we see that advertisers very deliberately opt for the

impact of a media brand and the community which is

created around that brand. By a community, we mean

the people who consume the same brand in different

forms: in print, online, direct mail campaigns, events,

etc. In other words, people now choose the brand rath-

er than the physical publication form. We’ve been able

to translate that brand perception into concrete pro-

posals for the advertisers, and that is one of the major

achievements of 2007.”

Fastest growing medium. “The complementarity of

our media is a huge advantage to the advertiser. We are

the fi rst in the Belgian market to gain an understanding

of the integrated reach of paper and online newspa-

pers in Flanders. Last year we undertook some major

research in the form of a new study, called INA—Inte-

grated Newsbrand Audience.The study offers answers

to questions such as: Who are the surfers on newspa-

per sites? How do they compare to the readers of print

newspapers? This knowledge was previously absent

in the Belgian media landscape. In terms of cumula-

tive reach, the study comes to the exciting conclusion

that newspapers are the fastest growing medium in

the country. There is no other medium which is build-

ing new reach as fast as the newspaper, because the

number of surfers on newspaper sites is growing day

by day. What’s more, when you consider print and on-

line newspapers together, the profi le of these readers

is distinctly better quality, younger, and more highly

educated. Newspapers, therefore, are not a static me-

dium in a saturated market. De Standaard, Het Nieuws-

blad, L’Avenir, Le Jour and Le Courrier prove that every

day anew in print and online.”

Today Corelio offers the advertiser a one-stop shopping solution for its above and below the line advertising budgets.

Connection

49

37.5% 64.6%

44.3%

56.3%

57.4%

55.4%

49.5%

48.6%

66.2%

80.4%

81.2%

Connection Annual report 2007 • Corelio Part of your life

Reach of Corelio newspapers

and freesheets

Passe-Partout 4,133,000

39.6%

Roularta 3,458,000

33.1%

Groupe Vlan2,847,000

27.3%Corelio 1,658,000

29.6%

De Persgroep 1,288,000

23.1%

Rossel 992,000

17.7%

Concentra Media 842,000

15.1%

IPM 652,000

11.6%

Mediafi n 165,000

2.9%

5150

Market share reach freesheets (readership Belgium) (source: cim)


Passe-Partout reach exceedsfour million readers

Market share reach newspapers (readership Belgium) (source: cim)

Connection

Corelio reaches one in three newspaper readers

hour day week monthOnline 52,000

Reach sites 12.00 - 13.00Radio Nostalgie

Dailies

360,000

1,750,000 10,490,000

2,500,000

43,700,000

10,900,000

420,000 12,840,0002,950,000

4,440,000PassePartout 19,976,000

376,000PasuitKeskipas

87,790,000Contacts

hour day week month

Corelio News 369,330

35.2%

Persgroep News338,088

32.1%

Concentra News 126,835

12.1%

Tijd.net 73,581

7.0%

VRT 142,406

13.6%

5352

Corelio Contacts


Visitors news sites(average number of unique visitors per day in November 2007) (source: cim)

Connection

Corelio sitesconfi rm number one position

To stand still is to go backwards. We also want to be ahead of our time in technology. Investment in powerful presses,

strong tools and outstanding systems helps us to make our technological ambitions come true. But the human factor remains

central for us—the employee behind the press, behind the camera, in front of the computer screen or around the client’s

meeting table. Since people make Corelio, it’s up to us to make the most of the potential of our people.

State-of-the-Art

5756

2007 was a year of major investments in new

rotary presses. “Last year we brought in an ultra-

advanced, 72-page press for the heatset works. When

it comes to new technology and process management,

Erpe-Mere is one of the European leaders. As well as

introducing the new presses, we have invested in brand

new folding and fi nishing machinery.” The coldset

works in Groot-Bijgaarden processes more than 50,000

tons of newsprint each year. In 2006, Corelio invested

in three new KBA presses there, worth some 30 million.

These came into operation in 2007. “Technically our

new presses are really top of the range, with even better

print quality and even faster production speeds. That

means that we can be more on the ball and offer clients

the sort of service that gets talked about.”

Corelio Printing does not want to be just another

printer. “Not only do we always work with the newest

technologies in our fi eld, but we are also pioneers in

combining production processes and environmental

concerns. Every investment is checked for compliance

with strict environmental standards which support

our efforts to go further than just reducing energy

consumption. By introducing innovative technologies

in the right places, we have managed to make

our production processes less of a burden on the

environment, while, at the same time improving their

cost-effectiveness. “We have also launched several

initiatives, such as heat recovery natural ventilation,

paper recycling, using rainwater and cutting down

on waste, to reduce the environmental footprints of

our three operating sites. The sheet-fed in Vorst is

the group’s pioneer in the use of responsible forestry

products, earning it the Forest Stewardship Council

label (FSC). It is just a matter of time before the other

two sites follow suit.”

Capturing foreign markets is also just a matter

of time. Corelio Printing has already been active in

the Netherlands for years and has become the foreign

reference printer for magazines there. “It is our ambition

to replicate this success in France. We are convinced

that our service level can do wonders abroad. We

already print an interesting portfolio of magazines

and newspapers for the French market. But it must,

and can, get better, because we have the people and

the resources for the job. And speaking of people—the

human factor remains the key to making paper into a

newspaper, despite all the high technology.” Corelio

Printing has the wind at its back and the future looks

rosy. “Even in the Internet era, the interest in print

media is unmistakably high, because nothing can beat

the look and feel of a professionally printed document.

And we’ll prove that.”

Flexible in developing creative solutions, unmatchable in our quest for quality, that is what we want to be.

Further growth through innovation,internationalisation and cost containment is the only option.


a matter of chanceSuccess is neverCorelio Printing bundles all the graphic activities of the Corelio

group. That includes the heatset (Erpe-Mere), coldset (Groot-

Bijgaarden) and sheet-fed (Vorst) departments. “Investments in

technology and the environment strengthened our leading position

in 2007. Foreign markets are looking more tempting than ever”,

says Commercial manager, Geert Van Nieuwenborgh.

“Corelio Printing is an extension of the publishing

business. How better can we express that than by showing

it day after day? We supply high-quality printing work at

market prices with tight deadlines, and our printing works

enjoy a good reputation as stable and reliable partners.

Publishers are constantly adjusting their portfolios to suit

new market demands, another format, an extra section, but

also new products and services. Corelio Printing evolves

to meet their requirements, but we also anticipate them.

Innovation is required for sustainable success.”

State-of-the-Art

GeertVan

Nieuwenborgh

AccelerationRiding the waves of a turbulent media landscape. As the leading independent media group in Belgium, we are paving the way,

versatile and fl exible, but also resolute and uncompromising in our search for quality. Every day we take decisions to pilot

our business towards the goals we want to achieve. This requires skilful steering, vision and strategy, and sometimes guts.

61


at the forefront

Jan LambrechtsJan Vanhoyweghen

For Corelio’s investment branch, Sydes, 2007 was the year of several

new participations in media companies with a future. Sydes manages the

Arkafund investment fund which, in 2008, took over the young, innovative

IT company Yuntaa. Yuntaa CEO Jan Lambrechts and Jan Vanhoyweghen,

investment advisor at Sydes, explain how Arkafund’s injection of capital

and know-how has given the company wings.

Entrepreneurship

6362

In tune. Jan Lambrechts: “Financial backers are not so

hard to fi nd if you are a growing company with a great

deal of potential and a strong business idea. Yuntaa

chose Arkafund because it offers added value in eve-

ry area: commercially, in the media/ICT business and

in networking. Arkafund brings a level of expertise on

board that can lift our company to a higher level and is

necessary for further growth. Sydes’ staff supports us

in word and deed. They don’t just provide us with an

outstanding sounding board; they also look at the is-

sues on the table in a different way. They offer a much-

needed, experienced outlook—a helicopter’s view of the

playing fi eld. This is of immense value to us. There is a

huge degree of mutual confi dence, and we are 100% on

the same wavelength.”

Exposure helps. Arkafund is investing one million in

Yuntaa. In addition, Arkafund chairman, Luc De Vos,

the founder of EUnet International and PING, has taken

over as chairman of Yuntaa’s board of directors. “With

this fi nancial and strategic help, we will be able to con-

tinue to expand our offerings and our business struc-

ture. The new structure contains three business lines:

Yuntaa.com, focused on the end user, Yuntaa.biz, the

professional variant, and Yuntaa OEM, with which we

aim for sectoral partners. In the short term, we want to

recruit extra staff and are planning more improvements

to our service. In the meantime, we are working hard

at a marketing plan to boost our profi le. The exposure

we enjoy via Corelio’s multimedia network will certainly

help.”

The link with our parent company, Corelio, makes

a real difference. Jan Vanhoyweghen: “Sydes puts

its know-how and years of experience at the service

of companies both within and outside of the Corelio

Group, and vice versa. We can always fall back on the

sectoral knowledge and experience of Corelio, because

Arkafund’s target sector coincides with Corelio’s fi eld of

expertise. There are also benefi ts in terms of network-

ing. Some very benefi cial media partnerships have al-

ready been set up in this way: new companies acquire

a platform via Corelio from which to offer their services,

and Corelio gets an opportunity to penetrate new mar-

kets. Doors open on both sides—in short, a successful

match in every respect.”

Via Corelio, young growing companies acquire a platform to offer innovative services.


On behalf of Corelio, Sydes keeps a fi nger on the pulse

of the market and watches out for appropriate invest-

ment opportunities in the media and ICT sectors. “We

take a stake both in large successful companies, such

as VAR, and in promising young businesses. In 2007,

we expanded our portfolio with equity stakes in Ack-

royd Publications and MASDA, the holding company

for Sonicville Sound and Music and Sonicville Dubbing,

the largest audio post-production house in Belgium,”

explains Jan Vanhoyweghen, Investment Advisor at

Sydes.

Sydes is also the manager of Arkafund, one of the risk

capital funds recognised by the Flemish government,

with 20 million invested in innovative SMEs in the

media and ICT sectors in Flanders. Arkafund is a joint

venture of Dexia Bank, ARKimedes-Fonds and Sydes.

Arkafund brings more than just an injection of capital.

Jan Vanhoyweghen: “We also bring knowledge and

experience. We act as an active shareholder, genuinely

supporting management in taking strategic decisions.

This support takes place at fi xed intervals, for example,

through the Board of Directors or ad hoc, if necessary.”

Yuntaa, Arkafund’s most recent participation, also

benefi ts from this support in this way.

Yuntaa is an IT company with its own base and

an international allure. It offers a ground-breaking

alternative for storing, protecting and sharing digital

fi les online. Jan Lambrechts, CEO of Yuntaa: “Yuntaa is

a unique online platform where users can store fi les—

photos, music, video images, etc.—in a personalised

web space. The stored data can be consulted anywhere

and at any time because you can always get it off the

net. Users can also share their fi les with others. For this,

they can choose either a private group of buddies or all

Internet users.” The emphasis on a community of us-

ers, typical of the Web 2.0 approach in which the social

element is central, makes Yuntaa much more than just

an online backup system. “Today Yuntaa already has

25,000 registered users. The current focus is Europe, but

we intend to roll out the platform worldwide.” Yuntaa

also means state-of-the-art data management. It uses

an Oracle databank which meets the highest standards

of security and data management.

Why Yuntaa? Jan Vanhoyweghen: “When we investi-

gate investment proposals, as well as considering the

fi nancial, legal and economic aspects, we also look at

the marketing strategy, the operations and the structure

of the company. It must be underpinned by growth po-

tential and proven technology. But above all, we look to

the quality of the management. Who are the managers?

What have they already achieved? What are their ambi-

tions? What assets do they have to help them achieve

them? Arkafund opted to work with Yuntaa because of

the strength and future potential of the platform, on

the one hand, and because of the expertise of the three

founders, on the other. Yuntaa is inspired by a young

international team of very motivated people.”

Sydes has built up valuable experience in actively supporting large and small companies in achieving ambitious plans for growth.

Acceleration

65

Key events


6766

Annelies Rutten, a smart journalist

The “Smartest Person in the World” works on the

editorial team at Het Nieuwsblad. Lifestyle reporter

Annelies Rutten knocked out her last rivals in the

fi nal of the most popular quiz programme on the

public broadcaster.

Annelies remains very calm and modest about it

all: “You won’t hear me saying that I’m the smart-

est. The questions turned out well for me. And I was

well-prepared. I was probably so relaxed because I

didn’t think I had much of a chance.”

Best partner

Corelio was chosen as company of the year by

the newspaper sellers’ trade journal, RADAR. The

award is given by the newspaper sellers to the pub-

lisher/supplier nominated as best partner for the

preceding year. Corelio took the honours ahead of

De Persgroep, British American Tobacco, Sanoma

and Imapress.

Sites continue to grow

The CIM indicators again point to the success

of our brands Standaard.be, Nieuwsblad.be and

Actu24.be. An increasing number of people use the

Internet as a source of news and consult their trust-

ed digital newspaper on line several times a day.

Together, Standaard.be and Nieuwsblad.be now re-

ceive 299,389 visitors per day making them the clear

market leader in the Flanders newssites segment.

The launch of the municipal sites on Actu24.be is a

fi rst for the French-speaking part of Belgium.

Rising market leadership in national newspaper market

Throughout 2007, Corelio sold an average of 451,592

newspapers per day in Belgium, representing a na-

tional market share of 32.3%, a slight increase over

last year. On an annual basis, De Standaard has risen

the most, both in terms of percentage (+4.1%) and ab-

solute (+3,413) fi gures. The Het Nieuwsblad/Het Volk

combination climbed above Het Laatste Nieuws in the

fourth quarter and sold 2,830 more copies per day on

average than Het Laatste Nieuws. With a market share

of 20.5%, the Editions de l’Avenir remain an important

player in the French-speaking part of Belgium.

Annual report 2007 • Corelio Part of your lifeKey events

CORELIO

Double change at the top

After the departure of Jo Van Croonenborch, Piet

Van Roe took over the mantle of CEO. He knows the

group well, since he was an independent member

of the Board of Directors of VUMmedia from 1999

to 2006. His task was to to guide Corelio through a

transitional phase. On 31 March 2008 he resigned,

passing the torch to Luc Missorten. Luc Missorten

had joined the board of Corelio as an independent

director in the previous November. He had also

been given responsibility for conducting a strategic

review within Corelio. Luc Missorten studied law at

the KU Leuven and the European College in Bruges,

and holds a master’s degree in law from Berkeley.

Until the end of August 2007, he was fi nancial di-

rector with the pharmaceutical group UCB and be-

fore that for the brewery InBev. He began his career

with the legal practice De Bandt & Van Hecke (now

Linklaters) before moving to Citibank. Corelio’s

new CEO also holds directorships with the Vande-

moortele Group, the technology group LMS and

Bank Degroof.

Ingrid De Wilde is new HR director

The Board of Directors has appointed Ingrid De

Wilde as the new Corporate Director for human re-

sources. She succeeds Filip Verbrugge, who died

unexpectedly in January 2007. Ingrid De Wilde has

fi nal responsibility for defi ning and implementing

the HR strategy across the whole group in terms of

planning, occupation, development and retaining

talent. She will also be coordinating the coopera-

tion between Corelio’s various HR teams.

Peter Vandermeersch voted Marketer of the Year

The Marketing Foundation and readers of the week-

ly Trends have voted Peter Vandermeersch Mar-

keter of the Year. This is a fi rst since this honour

has never before been awarded to an editor. Since

his appointment as editor-in-chief in 1999, he has

brought the commercial team — responsible for the

promotion and sales of the paper—up to the same

level as the editorial team. Therefore, he regards his

election as Marketer of the Year to also be a recog-

nition of all the work achieved by the commercial

team.

Launch of 24.be news portal

Corelio has launched the bilingual web site

24.be, an open news portal which will be gradually

expanded over the course of 2008. The launch was

carried out in collaboration with the French inter-

net company Netvibes.com, a pioneer in the fi eld of

personalised services.

On 24.be users will fi nd an extensive overview of

news sources and services and can create their own

personalised summary pages. Corelio, thus, offers

an open platform for consulting and managing in-

formation and services for other sites.

Corelio in Randstad Award Top 10

Corelio landed a very nice tenth spot in the annual

Randstad Award – a survey amongst 10,000 Belgians

on the attractiveness of the 160 biggest companies.

Good marks were given for the kind of jobs, the good

working atmosphere and job security.

6968

Niewsblad.be on the rise

Het Nieuwsblad Online is clearly taking off. Through

a combination of competitions and extended re-

gional pages, the number of individual visitors on 4

December 2007 rose above the 300,000 mark.

New Editor in Chief

Het Nieuwsblad/Het Volk is being led by a new

team, editor-in-chief Michel Vandersmissen and his

deputy Guy Fransen. Both have transferred from De

Standaard to Het Nieuwsblad/Het Volk, although

both have worked on Het Nieuwsblad in the past.

There is news in the commercial departement as

well: Liesbeth Dupon becomes commercial man-

ager of the Dutch-language popular papers.

New weekend magazine

Het Nieuwsblad unveils a completely new week-

end magazine for the whole family. The magazine

is crammed with lifestyle tips from specialists in

the fi eld. There is also a place for more serious top-

ics, such as parenting

and relationships. The

new magazine is part of

Het Nieuwsblad’s mod-

ernisation strategy and

aims to attract more

women readers. It of-

fers a range of quality

advertising opportuni-

ties.

HET NIEUWSBLAD

Organiser of Paris-Bruxelles

Alongside the Omloop Het Volk and the Ronde van

Vlaanderen, Het Nieuwsblad now controls another

“monument” of cycle sport—Paris-Bruxelles. This

hors categorie race is run in the autumn and dates

back to 1906. The list of winners includes many fa-

mous names: Van Looy, Merckx, Gimondi, Raas,

Tafi and McEwen.

Radio campaign carries off award

The radio campaign carried out as a result of the

Biggest Community Poll (Het Grootste Buurtonder-

zoek) took the fi rst prize at the World Congress of

the International Newspaper Marketing Association

(INMA) in Paris. The radio spot depicts a fi ctional

helpdesk set up for mayors who were concerned

about the results of the biggest community poll

ever in Flanders. The campaign was produced in

collaboration with the TBWA agency.


New lay-out and new printing press

De Standaard is now printed on the new KBA press-

es at the coldset printing works in Groot-Bijgaarden

and this opportunity was used to thoroughly revise

its lay-out. The full-colour printing on every page is

particularly striking. The layout was also reduced

from six to fi ve columns. All of this has improved

clarity, legibility, brightness and sobriety.

De Standaard wins silver EIMC award

De Standard won a silver award from LDV United at

the European Integrated Marketing Communication

Awards for its coverage of the election campaign.

Ruben Mooijman wins Journalistic Excellence Award

The Citibank Belgium Journalistic Excellence Award

2007 was won by Ruben Mooijman, the head of

economic affairs. He received the prize for a series

of reports examining how companies at the cross-

roads of religion and commerce do business.

DE STANDAARD

“De Zestien is voor u”

Political journalists Bart Brinckman, Isabel Albers,

Steven Samyn and Wouter Verschelden have

produced a sensational ten-part series on recent

political events. Under the title “De Zestien is voor

u”, they reconstruct everything that took place

between 10 June 2007 and mid-February 2008,

upsetting a number of sacred cows along the way.

The series also appears in book form, with even

more facts and details.

Key events

7170


New presses in Groot-Bijgaarden

The papers are now rolling off the new KBA press-

es in Groot-Bijgaarden, printing both in the large

Belgian newspaper format and in tabloid format.

The papers of the Vers l’Avenir group are also

printed on these presses. The printing capacity is

higher on these presses because of the high rota-

tional speed. At present, 50% of the work done at

the coldset facility is Corelio’s own newspapers,

and the remaining 50% are commercial orders.

Erpe-Mere launches 72-page press

In May 2007 the Erpe-Mere plant said goodbye to

its 1994-vintage, 32-page press which was replaced

by a new 72-page press. The investment means an

increase in production capacity that can be used

for new orders in the coming years, allowing room

for further development as part of a growth strat-

egy. And the high printing quality of the new press

means that Corelio Printing will be even more com-

petitive in the market.

CORELIO PRINTING

Key events

L'AVENIR, LE JOUR, LE COURRIER

Actu24.be

In the future, Actu24.be will offer all the news, hot

off the press, complete with photos—plus, what’s

on in the world of culture and leisure, sports re-

ports, newsfl ashes from Nostalgie, all kinds of fun

items, TVprogrammes, subscriber benefi ts, etc.

Since October 2007, the web site has taken yet an-

other tack with the launch of municipal sites. The

principle of these sites is to provide surfers with

rapid, easy access to the municipal information of

their choice.

New format launched

On 20 May, Vers l’Avenir was printed at Rhisnes for

the last time. The Colorman 35, in use since 1984,

stands idle. In the future, Vers l’Avenir will be print-

ed at the new printing works in Groot-Bijgaarden.

The transfer to the new presses in Groot-Bijgaarden

was accompanied by a change of format. The nine

editions of the newspapers L’Avenir, Le Jour and Le

Courrier are now printed in the American tabloid

format with four-colour printing on all pages. The

new lay-out was designed in collaboration with the

Paris studio Baylaucq. This opportunity was taken

to launch the site Actu24.be which offers continu-

ous news.

Facelift for Journal des Enfants

Children are changing, and so are their interests. So

Le Journal des Enfants, the weekly for 8 to 12-year

olds, is changing, too. The format has shrunk, and

the number of pages has doubled, from 4 to 8. Some

100,000 readers receive a weekly helping of national

and international news, sport, culture, leisure and life-

style, all served up with a colourful sauce.

Development plan for the future

A development plan will arm the Editions de l’Avenir

for the future. The plan primarily aims to contend with

the profoundly altered market conditions, in terms of

both the production and consumption of news media.

The company faces a dual challenge: developing op-

portunities for growth that meet the new market con-

ditions and, simultaneously, controlling costs better.

The Editions de l’Avenir aims to become the leading

multi-media player in the regional news segment.

7372

At the end of 2000 Comareg was bought out and

Corelio became the sole shareholder.

In October 2003 the name of all the editions was

changed, and the national title Passe-Partout was

launched, with great success. Today the 104 edi-

tions of Passe-Partout reach more than 4 million

people every week. This makes Passe-Partout the

largest media brand in terms of reach in Belgium.

National treasure hunt

Passe-Partout launched an original competition to

make its “surprisingly enriching” promise come

true. Somewhere in Belgium a 25,000 euro treasure

trove was buried, and over a period of four weeks

the paper published hints to help readers fi nd the

site. Thirty fi nalists eventually competed to decide

who would take the money home.

After hunting for more than an hour in the gar-

dens of the Gaasbeek castle a surprising winner

emerged. Brother Jean-Philippe, from the Catho-

lic Communauté des Béatitudes in Thy-le-Château

proved to be the best treasure-hunter. It was clear

that the 25,000 euro would come in handy when he

told us that one of the cloister towers needed res-

toration – at a cost of … exactly 25,000 euro.

The whole treasure hunt attracted more than

20,000 participants, and more than 160,000 text

messages were sent daily with extra hints. The

three teaser fi lm clips on YouTube were viewed

115,000 times, and the special competition blog

attracted more than 20,000 visitors every day. An

overwhelming success. We’ll certainly be running

a second treasure hunt this year.

Passe-Partout goes fully digital

Passe-Partout has launched its “virtual paper”: on

the web site Passe-partout.be you can view all 104

editions of Passe-Partout. This new initiative is part

of Corelio’s aim to seize market leadership in the

regional content segment.

New General Director

Eric Christiaens is to be the new corporate director

regional free press from 1 May 2008. He is taking

over from Thierry Geerts who is moving to the new

position of director business development within

the Corelio group.

Eric Christiaens will bring with him extensive man-

agement experience, both inside and outside the

media sector.


PASSE-PARTOUT

Largest press title in the country

With 4,133,000 weekly readers and more than

100 different editions, Passe-Partout is by far the

largest print title in the country. The circulation of

Passe-Partout rose nationally in the last CIM fi gures

by 8.4%, with Flanders (+ 20.5%) and Brussels

(+ 10.4%) as outliers.

Conquering West Flanders

After the launch of Passe-Partout in Knokke and

the takeover of Publishop in Brugge, Passe-Partout

has continued its advance in West Flanders with

the takeover of “Hét Advertentieblad”. This weekly

magazine is distributed free in Knokke-Heist and

has acquired a very strong position in a short time.

In September, Passe-Partout reached an agreement

with publisher Tailleu & Tailleu in Deinze to merge

their regional weeklies. “De Gazet van Deinze”,

“De Gazet van Tielt-Aalter” and “De Gazet van

Waregem” are now new indicators of Passe-Par-

tout’s presence in East and West Flanders.

Pas-Uit/Keskispas restyled

Both the regional lifestyle magazine Pas-Uit and

Keskispas have been restyled. They now appear as

full-glossy magazines. The distribution and publica-

tion frequency have also been revised, as they are

now published monthly instead of fortnightly.

Pas-Uit now also publishes editions in Antwerp and

Ghent, giving it full coverage of Flanders. Its Wal-

loon equivalent, Keskispas, is available in Liège and

Mons and their surrounding areas. According to

the latest CIM fi gures, the lifestyle magazines have

made a breakthrough in urban conglomerations

with a hefty 25.3% rise in circulation.

Passe-Partout celebrates its 10th birthday

In 1998 a joint venture was set up with the French

group Comareg to develop a national house-to-

house free sheet group under the name Groep Plus.

Key events

7574

Behaviour targeting

Corelio Connect has launched behaviour target-

ing on its news sites. This means that advertising

material will be directed at the right target group,

with the appropriate interests. The data is collected

using cookies or user registration. By combining

this data with the advertisers’ target public, more

closely targeted, online campaigns can be planned

and the click-through ratio increased.

Integrated reach study

Corelio Connect is launching a new reach study

under the name INA, which stands for Integration

Newsbrand Audience. INA is a totally new instru-

ment that measures, for the fi rst time, the integrated

reach of paper and online newspapers in Flanders.

Also key to INA is the question of the extra reach

generated on an average day by the online exten-

sions of the title. From the fi rst results, it appears,

for example, that the De Standaard brand has in-

creased its reach by approximately 25% by adding

Standaard.be to the paper version.

58% of all Belgians

The CIM readership fi gures confi rm Corelio’s strong

position, not only as the largest newspaper publish-

er in the country, but also as the largest publisher

of regional freesheets. With its portfolio, Corelio

reaches 58% of the Belgian population.

CORELIO CONNECT

Exclusive production for interactivity with Corelio

Corelio Connect is now responsible for internet

sales of Corelio publications. As well as the maga-

zines and the regional and national sections of the

newspapers, all interactive applications on Stand-

aard.be, Nieuwsblad.be and other sites will now be

exclusively offered by Corelio Connect.

Corelio Connect allows more opportunities for the

development of new technologies and new advertis-

ing products, but primarily wants to help the power

of the individual titles stand out better. It is clear

from the fi gures that the power is there. The Metro-

profi l data confi rm that Nieuwsblad.be reaches 47%

of Dutch-speaking surfers every month. That con-

fi rms Nieuwsblad.be in its position as the biggest

Flemish news site. Standaard.be is growing too,

reaching 31% of Dutch-speaking surfers monthly.


Glossy sister publication for Jobat newspaper

Jobat launches an additional glossy product. This

handy version of Jobat is called “Jobat Direct” be-

cause it is sent directly and free of charge to eve-

ryone who requests it. Jobat Direct is also sent to

professional groups in high demand, such as ICT,

sales, engineers, fi nancial professionals and fi nal-

year students.

Not only is the subscription to Jobat Direct free, but

recruiting companies receive the free placement of

their advertisement in “Jobat Direct” when they ad-

vertise in the regular Jobat newspaper.

New management

Geert Dewaele is the new chief editor at Jobat. De-

spite his relative youth, he has a wealth of experi-

ence in journalism. Dewaele comes from Kanaal Z,

where he covered the labour market as an economic

affairs reporter. Before that, he worked for VTM.

To further strengthen its position on the recruit-

ment communication market, Luc Van Haute has

been hired as General Director. Van Haute can draw

on wide-ranging management experience. He be-

gan his career with international communication

bureaus before moving to Sanoma where he held a

number of positions over a 10-year period. In 2005

he was appointed Sales and Marketing Director

with Wolters Kluwer. During the past two years Luc

Van Haute has been active as a consultant to vari-

ous companies, including Corello.

JOBAT

Jobat launches interactive television

Jobat has now also moved into television. Jobat TV

broadcasts weekly human-interest stories from the

world of work. Jobat TV is produced by Caviar and

ROB-TV. Two-way traffi c is the aim; employers can

position themselves attractively, and applicants can

send in their own presentational videos.

The new initiative fi ts in with Jobat’s multimedia

strategy. It supplements the Jobat blog network

and the network of specialist sites that the careers

site has assembled around it.

Jobat TV is available on the Jobat-site home page

and can be viewed at any time on the Corelio news

sites. The broadcast can also be viewed on Youtube

and via podcasting on MP4, video on demand and

PDA.

7776

from Marketing & Research Manager to Head of

Publishing in France.

Spotter is also the name sponsor of the fi rst-class

basketball team in Leuven, which has changed its

name to Spotter Leuven. This all underlines Spot-

ter’s aim of becoming a leading name nationwide.


New initiatives

Spotter organised the notaries’ congress in Marche

and landed the contract from the notaries in the

province of Luxembourg.

Spotter has also successfully launched a new sec-

tion on cruises in the daily newspapers and is join-

ing the trend towards sustainable building with the

new Ecospotter supplement.

Necrologies.net reaches Flanders

Following the example of Wallonia, Necrologies.net

has been rolled out in Flanders. This is an extranet

enabling undertakers to place death announce-

ments in real-time. Necrologies.net is a collabora-

tive venture with Concentra.

SPOTTER

Key events

Commercial department reorganised

Scripta is reviewing the organisation and composi-

tion of its commercial department. In the future, it

will consist of two units, the fi rst focusing on media

agencies and the second on advertisers and adver-

tising agencies. To serve this target public, Scripta

has developed new marketing tools, such as the

“Minds on Media” study and the ROI cases based

on the “AWAQS” media model.

SCRIPTA expands its portfolio

The Concentra Media Group’s titles, Het Belang van

Limburg and Gazet van Antwerpen, are now han-

dled by Scripta. More than ever, Scripta is the lead-

er in the national advertising market for the daily

press. With the ten titles in its portfolio—titles from

the publishers Corelio, IPM, Roularta and Concen-

tra—Scripta can guarantee an even coverage of all

provinces.

SCRIPTA

New campaign built around a single brand bears fruit

In 2007 Spotter launched a new campaign built

around one single brand instead of the separate

classifi ed brands, Autospotter, Immospotter, Trav-

elspotter, etc. This new approach included the re-

design of these sections in the newspapers and has

achieved a signifi cant increase in the product famil-

iarity of Spotter. Via a few structural adjustments

to the site, and better integration in and structural

cooperation with the Coreliotitle sites, Spotter.be

has succeeded in signifi cantly expanding its reach

in early 2008.

Alexander Teetaert takes charge

Spotter has appointed Alexander Teetaert to con-

tinue to develop the classifi eds segment at Corelio.

He comes from Truvo Belgium, where he worked

as Group Product Manager. Before that he worked

at Reed Business Information, where he advanced

7978

The Bulletin to Corelio

With a market share of 44% of the English-language

magazine sales in Belgium, The Bulletin is some way

ahead of publications like Time, Newsweek or the

Economist. The Bulletin, deservedly, is the fl agship

of Ackroyd Publications, which has now found a

place under the Corelio banner. Ackroyd is also the

publisher of What’s On, Newcomer, Expat Directory,

Brussels Insider, Antwerp Insider and the web sites

xPATs.com (50%) and TheBulletin.be.

Corelio signs for ”Flanders Today”

Flanders Today is the new, English freesheet on

Flanders. The initiative comes from Flemish Minister

of Foreign Affairs, Geert Bourgeois, who wants to

use it to keep the international scene of diplomats,

European offi cials, foreign journalists, tourists and

foreign students right up to date on Flanders. Corelio

won the contract after a public tender procedure,

putting Ackroyd in charge of launching the new

publication. An independent, English-speaking

editorial staff has been set up led by Derek Blyth

to create copy for the various sections of Flanders

Today. Corelio Printing is handling the printing of the

weekly, with a print run of 20,000 and free distribution

in 4,000 hotel rooms and via displays.

ACKROYD


MINOC BUSINESS PRESS

Corelio’s magazine arm

At the suggestion of Sydes, Minoc Business Press

and Corelio have decided to combine forces. This

collaboration should rapidly achieve their shared,

high ambitions in the magazine market in Belgium

and the Netherlands. Minoc Business Press is the

company behind successful magazines such as

Clickx Magazine, PC Magazine and Smart Business,

and popular web sites such as ZDNet and Game-

spot. As director magazines, Caspar van Rhijn is

responsible for all magazine activities from both

Minoc and Ackroyd.

Windows Vista Magazine

Minoc is launching Windows Vista Magazine, a bi-

monthly magazine for the digital consumer. Win-

dows Vista Magazine is not just another computer

magazine, but rather a lifestyle magazine for people

who want to use their computer to get more out of

life. The new magazine will offer the most up-to-

date information, unique free gifts and access to Mi-

crosoft’s Vista launch campaign. Minoc is the sole

Dutch-language publisher working in collaboration

with Microsoft and Future Publishing to publish the

offi cial Windows Vista Magazine.

Introduction of Jobs in IT

Along with Jobat, Minoc Business Press is intro-

ducing the “Jobs in IT” concept at Jobsinit.be. This

new web site brings recruiters and IT profi les into

direct contact with each other. It combines the ef-

fi ciency of Jobat with the particular target public of

the Minoc publications and such sites as ZDNet and

IP Professional. Recruiters can now address some

400,000 individual visitors monthly.

Custom publishing

Minoc Business Press has set up with Target Media,

a new division focusing on the production of pub-

lications at the request of third parties. The project

manager is Luc Franco, previously external coordi-

nator for the Tailor Made department of VNU Busi-

ness Publications.

Minoc Target Media will not only work on behalf of

external businesses, but will also develop a number

of new formulas for the supplements of Minoc Busi-

ness Press B2B magazines. Target Media will also

undertake subcontracted work for other Corelio di-

visions.

8180

One million for Yuntaa’s online platform

Arkafund has paid one million euro for the

internationally active Belgian company, Yuntaa. They

are developing an online platform that users can

use to save fi les in a personalised web space. Users

can also manage their fi les and share them with the

world at large. Yuntaa is an outstanding example of

the “Web 2.0”-approach where the social aspect is

central.

Participation in Mifratel

Arkafund has taken a 49% stake in the Ghent contact

centre, Mifratel. In just six years, Mifratel has grown

under the inspiration of its founder, Kristel D’Hondt,

into a leading contact centre with approximately one

hundred operators and fi ve team leaders. Mifratel

makes use of every channel of communication

(internet, fax, e-mail, telephone) and handles both

incoming and outgoing contact.

Capital increase for Netmining

Arkafund has increased Netmining’s capital by

250,000 euro. Netmining has developed a new plat-

form for analysing current and past web activity.

With solutions like ”HitsIntoLeads” and

”HitsIntoSales”, the conversion rate for on-line

visitors has noticeably increased and a bridge

has been built between on-line visitors seeking

information and the off-line sales process. These

applications are currently used by blue chip

companies in the automotive, ICT and e-commerce

industries.

ARKAFUND

Capital injection for Quick Sensor

In conjunction with Allegro and Vinnof, Arkafund

has invested one million euro in Quick Sensor, a

West Flanders company which develops intelligent

seats for theatres and cinemas. Quick Sensor’s seat

sensors allow cinema operators to implement a

seat reservation system making an open foyer and

automatic ticket control possible. The system also

offers opportunities for interactive advertising and,

in the future, will be an outstanding marketing tool

for targeted promotions. The arrival of digital cinema

means that interaction will be possible between

the public in the theatre and what happens on the

screen.

Meanwhile, Quick Sensor has grown to be a

world player in its market and has contracts with

various international cinema groups and seat

manufacturers.


Corelio takes a stake in MASDA

Through Sydes, Corelio has acquired a 20% stake in

MASDA, the holding company for Sonicville Sound

and Music and Sonicville Dubbing, with an option

to increase this participation to 33%. MASDA is the

largest audio postproduction house in Belgium and

is established in a unique building, an old 4,800 m²

dairy in Koekelberg. Among other things, MASDA

produces the sound for the Ketnet series W@=D@,

and for the TV series and full-length fi lm, “Koning

van de Wereld”, from Caviar Films.

Higher stake in Gezondheid

Corelio has increased its interest in Gezondheid NV

from 45% to 72%. Gezondheid NV is the company

behind the popular medical web site Gezondheid.be.

This is the largest Belgian site of its kind with, on

average, more than 450,000 individual visitors per

month and a weekly newsletter with approximately

40,000 subscribers. The site contains more than 700

articles on medicine and health and also offers a

daily health tip, both online and in Het Nieuwsblad.

Gezondheid.be was declared the winner of the Life-

style Category in the “Site of the Year” contest held

by computer magazine Clickx, which is published

by Minoc.

New management

Thierry Geerts is to be director business develop-

ment within the Corelio group, assuming in this role

the management of Sydes and Arkafund. At Sydes

he is taking over from Jean-Christophe Massart

who is to be CFO at Caviar.

SYDES

News on every platform

The Vlaams Brabantse Mediamaatschappij (VBM)

is a subsidiary of Sydes, and mainly operates as a

production company for the regional TV broadcast-

er, ROB-TV, in East Brabant. For VBM, 2007 was a

key year. With the start of Jobat TV, VBM emerged

as a production house for other Corelio subsidiaries

and external clients. This expansion of activities is

certain to be continued.

For ROB-TV it was an outstanding year. The new

viewing fi gures (PPM) show, once again, that the

regional TV company is doing well. The channel

reaches approximately twenty percent of residents

in the transmission area daily and more than eighty

percent over the course of a month. In early 2007, it

began to broadcast live news, on the hour, through-

out the day. This news bulletin can be heard on both

ROB-TV and radio broadcasts. ROB-TV has, thus,

strengthened its position as a news channel on all

platforms (internet, radio and TV).

ROB-TV

8382

Increased stake in Caviar Los Angeles

Subject to support from Sydes, Caviar is increasing

its stake in Caviar Los Angeles from 33% to 49.5%.

This will enable Caviar LA to evolve from a line-

production services company to a complete pro-

duction house for the American market, under the

leadership of Michael Sagol and Tom Weissferdt.

This increased stake coincides with the internatio-

nal expansion of Caviar. This increase will help the

company to keep growing in the coming years, both

inside and outside of Belgium, where it is already the

market leader.

‘The Emperor of Taste’

Caviar has made its name with creative TV advertising

but is also a breeding ground for young Flemish fi lm

talent. After ‘King of the World’, Caviar’s next high-

profi le project is ‘The Emperor of Taste’, a ten-part

Flemish, historical TV drama. It tells the story of three

generations of women from the Hasselt gin distillery,

De Keyser. There are big names already lined up:

Johan Leysen, Vic De Wachter, Marijke Pinoy, and

Matthias Schoenaerts. The series will be shown on

both public broadcasters in Belgium.

The summer of 2007 also saw the cinema release of

the feature fi lm ‘Last Summer’ by the young director

Joost Wynant. It was one of the top-ten audience

attractions of the summer. 2007 also saw the fi lming

of ‘Dirty Mind’ and ‘Left Bank’, which will both

première in 2008.

CAVIAR

Expansion into the Netherlands

Caviar has taken a stake in the Amsterdam production

house *bike. This production company, specialists

in the production of commercials, was rebranded

Caviar Amsterdam under the leadership of Sander

Heeroma and Jacques Vereecken. So, Caviar is

now active in Belgium, the United States and the

Netherlands.

Awards

Caviar picked up four awards at the CCB Gala 2007:

two golds for advertisements for the Belgian Post

Offi ce and for Humo and two silvers for the Deutsche

Bank and the Braille League.


Woestijnvis ten years later

The legend goes that ‘Schalkse ruiters’ was the fi rst

Woestijnvis hit. Unfortunately, the company did not

yet exist then. It was not founded until a few months

later, in April 1997, on the initiative of Wouter

Vandenhaute, Erik Watté, Jan Huyse and Mark

Uytterhoeven. The fi rst programme that they made

was ‘Man bijt hond’, which is still running. Woestijn-

vis continues to fi ll the screen daily with high-qual-

ity entertainment, such as ‘De laatste show’, ‘De

Pappenheimers’, ‘De slimste mens ter wereld’ and

‘Terug naar Siberië’.

At the fi rst Television Star awards, Woestijnvis was in

the prizes three times: Erik Van Looy, for best enter-

tainment programme ‘De slimste mens ter wereld’

and best reality programme ‘Terug naar Siberië’.

Two awards

Woestijnvis has been awarded the Intercultural

Television Prize for ‘Man bijt hond’. This award was

created by the Minorities Forum, an association

of 700 immigrant organisations in Flanders, with

a view to encouraging TV programme makers to

make more and better use of immigrants in Flanders

in their work.

Earlier in the year, ‘Man bijt hond’ received the Ha!

prize from Humo. This is awarded by the weekly to

the best Flemish TV programme of the previous

year.

WOESTIJNVIS

8584

Part of your life


Nostalgie moves up to third place

Nostalgie scores particularly well with the over

35s. Nostalgie confi rms its strong positioning in

the French-speaking radio landscape with a market

share of 10% of all listeners aged over 12. This takes

it up to third place among the commercial radio sta-

tions. In 2008, Nostalgie will celebrate its twentieth

birthday with a series of events and actions.

NOSTALGIE

Nostalgie Flanders due for launch

After its success in the French-speaking areas of

the country, Nostalgie now aims to conquer Flan-

ders. Nostalgie Flanders will combine the provincial

broadcasters Mango, Go FM, Antwerp 1 and Contact

Vlaams-Brabant to form a Flanders-wide network.

Thanks to collaboration with TV Limburg and the

Limburg cable companies the station will be able to

be heard in more than 90 percent of Flanders.

Some big names in the broadcasting world have

been recruited, including Albrecht Wauters, Kevin De

Geest, Dominique Crommen and Anne De Baetzelier.

Nostalgie is a collaboration between Corelio,

Concentra and the French NRJ group.

Key events

8786

An eye for talentAs the largest media group in Belgium, Corelio rightly

aims to be a breeding ground for talent in all areas of

the media.

Talent that strives to meet Corelio’s targets together,

in teams, quickly and without compromise. Talent that

aims to be a benchmark for quality and reliability, as

well as for creativity and innovation in our markets.

Talent that ensures that Corelio sets the standard for

readers, listeners and viewers, as well as for its ad-

vertisers, and that provides the preferred platform on

which to bring them together.

The nature of our activities, and not least of all, our

ambitious aims, require a professional HR approach

which takes into account – and is in tune with – the

needs and objectives of the various Corelio divisions

and their expertise. Together with divisional manage-

ment, we shall continue to develop our HR practices

with a clear target always in view: to ensure that we

have motivated staff who are proud to be part of Core-

lio and who want to share and spread its values and

aims.

The Corporate HR department is part of the Corelio

management team. The HR organisation has been fur-

ther boosted with centralised expertise and decentral-

ised HR business partners.

In a national survey, Corelio was recognised as one

of the ten most attractive employers in Belgium. We

scored especially well on the diversity of the jobs we

offer and the positive working atmosphere. The latter

is an essential element in the motivation of employees,

and therefore, we are especially proud of this result.

People do, indeed, make the difference. More than

ever, Corelio, along with its entire staff, plans to invest

in order to make the difference as a company.

Ingrid De Wilde

Corporate director hr


1. GSK 2. Janssen Pharmaceutica 3. VRT 4. Pfi zer 5. Dexia 6. Fortis 7. KBC 8. Barco 9. Bayer 10. Corelio

Randstad AwardMost attractive Employer

Human Resources

89

in national reach and print

88

Leading positionLargest national newspaper publisher: Last

year Corelio sold an average of 451,592 newspa-

pers per day and thus continued to be Belgium’s

largest newspaper publisher. Sales of De Standaard

grew further and reached a new record. Het Nieuws-

blad’s new chief editor brought a new élan to the

newspaper, which, from the last quarter onwards,

has also clearly translated into both stronger sales

and increased reach for the news site. Les Editions

de l’Avenir saw a slight fall in sales which is in line

with trends for French-speaking newspapers, but

strengthened its online position with the launch of

Actu24.be. All titles saw spectacular growth in in-

come from Internet advertising.

Corelio Printing strengthens its market posi-

tion: Thanks to the new presses which were put into

use in 2007, Corelio Printing has been able to consol-

idate its growth and market position and improve on

its already strong performance in 2006, despite the

competitive environment. The new presses repre-

sent investments of 30 million euro (coldset in Groot-

Bijgaarden) and 9.4 million euro (heatset in Erpe-

Mere) which were initiated in 2006.

Passe-Partout increases its reach: Passe-

Partout was able to strengthen its position and reach

in the local editions, now reaches 4.1 million readers

each week, an increase of 8.4%. Following a number

of takeovers, Passe-Partout has also been able to

strengthen its position in West Flanders. The largest na-

tional print title suffered from the decline in the national

display advertising, but, conversely, saw growth in re-

gional display advertising and classifi eds.

Stronger audiovisual position: Corelio fi nished 2007

by successfully negotiating the bundling of four provin-

cial radio stations into the newly created Flanders-wide

Nostalgie network, and thereby becoming the larg-

est national radio brand. In the audiovisual division,

Woestijnvis, in which Corelio has a 40% equity stake,

has consolidated its market position as the leading TV

production house. Nostalgie, Caviar and ROB-TV also

booked good results.

Diffi cult advertising market for the newspaper

sector: Because of a diffi cult advertising market, the

entire newspaper sector lost market share in the national

display advertising. As the largest Belgian newspaper

publisher, Corelio also saw this market trend refl ected

in its fi nancial results. In 2008, Corelio will take a new

strategic initiative which should reinforce its position

and portfolio as the leading media group in Belgium.

Results. Consolidated turnover grew by 2% to 376.5

million euro. The operational cash fl ow (EBITDA) fell

by 8.5% to 34.4 million euro, approximately in line

with 2005 levels. The operating profi t (EBIT) fell from

21.4 to 16.4 million euro, primarily as a result of

increased depreciations resulting from the investment

programme launched in 2006 for new heatset and

coldset presses.

Exceptional results show a negative 1.3 million euro,

largely attributable to reorganisation costs for Les

Editions de l’Avenir.

The net profi t amounts to 6.4 million euro, a 3.4 million

decrease compared to the previous year, primarily due

to the higher goodwill of amortization amounts, among

other things. The net cash fl ow ends at 28.2 million

euro, a slight decrease compared to 2006 fi gures.

Balance. The assets side of our balance remained

roughly unchanged compared to last year. Only Ack-

royd (100%) and Sonicville (25%) are new participa-

tions. The consolidation goodwill fell from 42.5 to 40.4

million euro.

Investments in tangible fi xed assets ran at the same

level as depreciations. Hence the net fi xed assets hardly

changed.

Net assets now stand at 62.5 million euro.

The net debt at the end of the year amounts to

44.9 million euro, slightly lower than the end of 2006.

Bruno de Cartier Carlo Vandenbussche

Chief fi nancial offi cer Financial director

Annual report 2007 • Corelio Part of your lifeResults

9190

2007 2006 2005

(x 1.000 euros)

Operating income 376,489 368,909 355,015

Operating charges 360,058 347,489 338,226

Raw materials 88,874 82,506 80,866 Services and other goods 149,342 149,253 142,865 Remuneration, pensions 101,299 96,250 93,836 Depreciation 17,995 16,004 17,451 Other operating charges 2,548 3,476 3,208

Operating profi ts 16,431 21,420 16,789

Financial income -69 725 1,249 Amortization of goodwill -3,814 -3,202 -3,055

Profi t on ordinary activities before taxation 12,548 18,943 14,983

Extraordinary income 2,342 3,414 2,190 Extraordinary charges -3,682 -7,387 -2,477

Profi t before taxes 11,208 14,970 14,696

Income taxes -5,817 -6,148 -5,674

Net profi t for the fi nancial period 5,391 8,822 9,022

Result of the companies 1,066 1,039 920 using the equity method

Consolidated profi t 6,457 9,861 9,942

Consolidated profi t (group share) 6,402 9,773 9,249


income statement

2007 2006 2005

ASSETS (x 1.000 euros)

Fixed assets Intangible assets 5,105 4,356 4,453 Goodwill 40,438 42,495 32,466 Tangible assets 78,569 77,149 76,543 Financial assets 22,872 22,105 20,612

Current assets Long term receivables 232 1,330 2,254 Inventories 8,848 8,038 7,766 Operating receivables 67,335 65,700 63,842 Cash 7,153 13,293 7,511 Deferred charges and accrues income 2,259 1,839 1,756

Total asets 232,811 236,305 217,203

LIABILITIES (x 1.000 euros)

Capital and reserves Capital 12,600 12,600 12,600 Retained earnings 50,291 47,767 42,212

Minority interests Minority interests 188 1,176 5,103

Provisions, deferred tax Provisions, deferred tax 15,907 17,557 16,996

Creditors Long term debt 26,789 24,911 7,516 Financial debt 25,169 34,395 35,535 Trade debts 67,450 64,533 67,537 Advance received on subscriptions 33,066 31,106 28,492 Accrued charges 1,351 2,259 1,212 and deferred income Total liabilities 232,811 236,305 217,203

Results

consolidated balance sheet

9392

Associated companiesfor which the equity methodwas applied

Scripta nv1090 Brussels | BE 0452.164.906proportion of capital held: 33,33%

Mediargus nv1030 Brussels | BE 0466.787.259proportion of capital held: 28,57%

The Ring Ring Company nv1080 Brussels | BE 0445.262.068proportion of capital held: 31,26%

Vlaamse Dagbladpers cvba1070 Brussels | BE 0465.907.925proportion of capital held: 25,00%

Reprocopy cvba1070 Brussels | BE 0470.162.265proportion of capital held: 28,57%

Minoc Business Press Nederland bv1211 GN Hilversumproportion of capital held: 100%

Atomik Pictures USA IncCA 90291 Venice Beachproportion of capital held: 24,27%

Cooperatieve Marketing en Uitgeversvennootschap1070 Brussels | BE 0437.846.617proportion of capital held: 23,00%

De Vijver nv1930 Zaventem | BE 0466.137.359proportion of capital held: 40,00%

Woestijnvis nv1930 Zaventem | BE 0460.337.749proportion of capital held: 39,85%

T.T.T.I. bvba1930 Zaventem | BE 0448.196.715proportion of capital held: 39,84%

Doc.Fish nv1930 Zaventem | BE 0455.597.122proportion of capital held: 39,84%

Arkafund nv1702 Groot-Bijgaarden | BE 0878.929.173proportion of capital held: 25%

Pro rata consolidation

Groennet nv1702 Groot-Bijgaarden | BE 0470.169.886proportion of capital held: 50,07%

Vlaanderen Een nv2050 Antwerp | BE 0890.243.036proportion of capital held: 25%Socarad nv6000 Charleroi | BE 0451.954.870proportion of capital held: 25%

Sofer nv1000 Brussels | BE 0442.436.893proportion of capital held: 50%

Télé 6 nv1000 Brussels | BE 0434.659.671proportion of capital held: 49,50%

Annual report 2007 • Corelio Part of your lifeResults

Parent company

Corelio nv1190 Brussels

Full consolidation

VUM nv1702 Groot-Bijgaarden | BE 0401.096.285proportion of capital held: 100%

Corelio Information Systems nv1702 Groot-Bijgaarden | BE 0424.470.020proportion of capital held: 100%

Sofadi nv1190 Brussels | BE 0403.506.241proportion of capital held: 100%

Jobat nv1702 Groot-Bijgaarden | BE 0463.753.931proportion of capital held: 100%

Spotter nv1190 Brussels | BE 0441.536.674proportion of capital held: 100%

Corelio Connect nv1190 Brussels | BE 0405.773.368proportion of capital held: 100%

Sydes nv1702 Groot-Bijgaarden | BE 0421.269.416proportion of capital held: 100%

Mediabel nv5004 Namur | BE 0401.428.758proportion of capital held: 100%

Les Editions de l’Avenir nv5004 Namur | BE 0404.332.622proportion of capital held: 100%

Passe-Partout nv6900 Marche-en-Famenne | BE 0448.890.066proportion of capital held: 100%

Passe-Partout Vlaanderen nv3018 Wijgmaal | BE 0444.716.591proportion of capital held: 100%

Vloram nv2000 Antwerp | BE 0427.316.672proportion of capital held: 100%

Vlaams-Brabantse Mediamaatschappij nv3001 Heverlee | BE 0448.442.084proportion of capital held: 100%

Jobspotter nv1190 Brussels | BE 0472.657.739proportion of capital held: 100%

Minoc Online bvba2300 Turnhout | BE 0467.824.268proportion of capital held: 100%

Ackroyd Publications nv1180 Brussels | BE 0412.108.854proportion of capital held: 100%

Gezondheid nv8570 Vichte | BE 0467.073.410proportion of capital held: 72,12%

Minoc Business Press nv2300 Turnhout | BE 0461.842.239proportion of capital held: 100%

consolidated companies

9594


Audiopresse nv1000 Brussels | BE 0427.115.150proportion of capital held: 16%

M-Skills nv1000 Brussels | BE 0473.595.273proportion of capital held: 50%

SMVH nv1702 Groot-Bijgaarden | BE 0870.626.666proportion of capital held: 48,54%

Caviar Films nv1000 Brussels | BE 0476.386.596proportion of capital held: 38,84%

Caviar Lab nv1000 Brussels | BE 0458.891.756proportion of capital held: 38,84%

Caviar TV nv1000 Brussels | BE 0475.037.506proportion of capital held: 38,84%

Other companies

VAR nv1932 Sint-Stevens-Woluwe | BE 0441.331.984 proportion of capital held: 10,00%

Belga nv1030 Brussels | BE 0403.481.693proportion of capital held: 17,66%

Press Banking nv1070 Brussels | BE 0471.483.841proportion of capital held: 16,7%

Copiepress cvba1070 Brussels | BE 0471.612.218proportion of capital held: 14,87%

consolidated companies

Results

97

Board of DirectorsManagement


9998

Board of Directors Annual report 2007 • Corelio Part of your life

From left to right:

Piet Van Waeyenberge

Fred Chaffart, deputy chairman

Philippe Delaunois, deputy chairman

Thomas Leysen, chairman

From left to right:

Carlo Vandenbussche, secretary

Guido Boodts

Gustaaf Sap

DirectorsBoard ofFrom left to right:

Luc Missorten, chief executive offi cer

Bruno de Cartier, chief fi nancial offi cer

Piet Van Roe

From left to right:

Marc Francken

Luc Van de Steen

Jan Suykens

Not in the picture:

Wouter Vandenhaute

101100

Management

From left to right: Jan Lynen (corporate director operations) • Hans De Rore (corporate director advertising) • Quentin Gemoets (managing director Editions de l'Avenir) • Peter Vandermeersch (executive editor VUM) • Geert Steurbaut (secretary-general)


Management team

From left to right: Luc Missorten (chief executive offi cer) • Eric Christiaens (corporate director regional free press) • Bruno de Cartier (chief fi nancial offi cer) • Ingrid Dewilde (corporate director hr)

103102

Editions de l’Avenir nvRoute de Hannut 385004 Bougetel. 081 24 88 11www.actu24.bewww.telekila.bewww.lejournaldesenfants.bewww.wadoo.be

Nostalgie nvQuai au Foin 551000 Brusselstel. 02 227 04 50www.nostalgie.be

Nostalgie Vlaanderen nvKatwilgweg 22050 Antwerptel. 03 210 04 40www.nostalgie.eu

Arkafund nvGossetlaan 321702 Groot-Bijgaardentel. 02 467 49 11www.arkafund.be

Ring Ring Company nvGabriel Petitstraat 4-61080 Brusselstel. 02 502 85 00www.ringring.be

VAR nvTollaan 107 bus 31932 Sint-Stevens-Woluwetel. 02 716 34 11www.var.be

Groennet nvFraterstraat 1119820 Merelbeketel. 09 232 13 31www.groennet.be

Gezondheid nvKerkdreef 468570 Vichtetel. 02 467 49 12www.gezondheid.be

Woestijnvis nvHarensesteenweg 2281800 Vilvoordetel. 02 303 35 00www.woestijnvis.be

Caviar nvHavenlaan 751000 Brusselstel. 02 423 23 00www.caviar.be

Vlaams-Brabantse Mediamaatschappij nv (VBM)Ambachtenlaan 253001 Heverleetel. 016 40 60 80www.robnet.be

Minoc Business Press nvParklaan 22 B 102300 Turnhouttel. 014 46 23 00www.minoc.comwww.zdnet.bewww.zdnet.nlwww.gamespot.bewww.gamespot.nlwww.windowsvistamagazine.bewww.itprofessional.bewww.fwdmagazine.bewww.pcmagazine.bewww.smartbusiness.be

Ackroyd Publications nvWaterloosesteenweg 10381180 Brusselstel. 02 373 99 09www.ackroyd.be

Corelio Information Systems nvGossetlaan 301702 Groot-Bijgaardentel. 02 467 22 11

Annual report 2007 • Corelio Part of your lifeAdresses

Corelio nvVan Volxemlaan 4611190 Brusselstel. 02 467 22 11www.corelio.be

VUM nvGossetlaan 301702 Groot-Bijgaardentel. 02 467 22 11www.nieuwsblad.bewww.sportwereld.bewww.standaard.bewww.standaard.bizwww.hetvolk.be

Corelio PrintingColdsetGossetlaan 301702 Groot-Bijgaardentel. 02 467 22 11

HeatsetKeerstraat 109420 Erpe-Meretel. 053 82 03 11

Sheet-fedVan Volxemlaan 4611190 Brusselstel. 02 210 01 00

www.corelioprinting.be

Corelio Connect nvGossetlaan 301702 Groot-Bijgaardentel. 02 467 22 11

Route de Hannut 385004 Bougetel. 081 24 88 11

www.corelioconnect.be

Spotter nvGossetlaan 301702 Groot-Bijgaardentel. 02 467 22 11www.spotter.bewww.immonot.bewww.souvenez-vous.be

Jobat nvGossetlaan 541702 Groot-Bijgaardentel. 02 467 27 27www.jobat.be

Jobspotter nvGossetlaan 541702 Groot-Bijgaardentel. 02 467 27 27www.jobspotter.be

Passe-Partout nvAux MinièresZ.I. de Marloie II6900 Marche-en-Famennetel. 084 31 01 11www.passe-partout.be

Passe-Partout VlaanderenVaartdijk 3 bus 4013018 Wijgmaaltel. 016 44 28 00www.passe-partout.be

Regie Passe-PartoutGossetlaan 321702 Groot-Bijgaardentel. 02 475 37 50

Scripta nvGreen Land b 01Etienne Demunterlaan 11090 Brusselstel. 02 475 37 50www.scripta.be

Sydes nvGossetlaan 321702 Groot-Bijgaardentel. 02 467 49 12www.sydes.be

© Corelio 2008

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Dit jaarverslag is ook verkrijgbaar in het Nederlands

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Documents

Corelio Part of your life - KU Leuven Bibliotheken · 2012-10-31 · Foreword Annual report 2007 † Corelio Part of your life Sydes and Arkafund continue to be alert to new op-portunities