Tiroler Tageszeitung 

Austria’s most-read regional daily, the Tiroler Tageszeitung, files its annual accounts as a small-category GmbH under Austrian commercial law, meaning no revenue or profit figures are publicly disclosed. The balance sheet filed for the financial year ending 30 June 2025 reveals a structurally unusual entity: a company with a stable, fully paid-up equity base of €500,000 and a large receivables position that almost certainly reflects intragroup funding flows within the Moser Holding group. Whatever trading surpluses the title generates are not visible at this level of filing. What can be read, however, is the shape of a company that holds its assets almost entirely in claims on related parties, carries substantial provisions, and employs around 84 people in its editorial and publishing functions.

Tiroler Tageszeitung GmbH: key balance sheet indicators, FY2024–FY2025 (year ending 30 June)

Source: Tiroler Tageszeitung GmbH Jahresabschluss 30.06.2025, FN 232943p, filed at Firmenbuch (Austrian commercial register), prepared 26 February 2026; generated 25 March 2026. No prior-year employee figure is disclosed in this filing. Revenue and profit figures are not disclosed: the company is classified as klein (small) under Austrian UGB and is therefore not required to file a profit and loss account.

Tiroler Tageszeitung GmbH: media asset map

Sources: Firmenbuch filing (employee and legal entity data); Moser Holding AG corporate website (brand portfolio); ÖAK (Österreichische Auflagenkontrolle) H2 2025 data, published February 2026 (circulation and paid subscriber figures). Reach and circulation figures originate from external sources and are presented separately from filing-derived data.

Signals

A filing that discloses almost nothing about trading, by design

Austrian commercial law exempts kleine Gesellschaften (small companies) from filing a profit and loss account. The Tiroler Tageszeitung GmbH is classified as klein, so only a balance sheet and a mandatory annex are publicly available. This is not unusual for subsidiary-level publishing entities in Austria, but it does mean the most basic financial questions, how much revenue the newspaper generates, whether it is profitable, how its costs are structured, cannot be answered from the yearly filing alone.

What is disclosed is sufficient to sketch the entity’s financial architecture. The GmbH sits within the Moser Holding Aktiengesellschaft group (FN 37129b, Bruneckerstrasse 3, 6020 Innsbruck), identified in the filing’s notes as the immediate parent company. The three individuals listed as preparers of the accounts, Mag. Silvia Lieb, Matthias Krapf, and Marco Witting, are, respectively, the CEO of Moser Holding and the two editors-in-chief of the Tiroler Tageszeitung, which confirms the close integration between group management and editorial leadership at this entity.

The balance sheet is dominated by receivables, almost certainly intragroup

Total assets at 30 June 2025 stood at €4.56 million, up from €4.43 million at the prior year-end. Of this, €4.55 million, or 99.7%, sits in receivables and other current assets. Cash and bank balances are minimal: €4,807. Fixed assets (the physical and intangible property of the newspaper) amount to a net book value of just €3,052, having declined from €3,311 the year before despite modest capital additions of €7,081 during the year.

The scale of the receivables relative to the entity’s other assets, and the absence of any trade debtors that would be expected in an independently operating media company of this size, makes it highly probable that the dominant component reflects balances owed from within the Moser Holding group, most likely cash management or intercompany loan arrangements. This is a common feature of subsidiary-level structures where central treasury functions pool liquidity across group entities.

Equity is static: no profit has been retained, no loss has accumulated

The equity position of €500,000 is unchanged from the prior year and consists entirely of the original Stammkapital (€36,500) and capital reserves (€463,500), with no retained earnings and no accumulated deficit. The filing shows zero at the Bilanzgewinn/Bilanzverlust line. This does not necessarily mean the company broke even; it is equally consistent with a policy of upstreaming any surplus to the parent company, whether through management fees, intercompany charges, or profit transfer agreements, none of which would be visible in the company’s yearly filing. It does mean the GmbH does not function as a capital-accumulating entity in its own right.

84 employees: a complement consistent with a regional newsroom of this scale

The filing discloses an average of 84 employees during the financial year. This is the single piece of operational data available beyond the balance sheet. Moser Holding’s own communications refer to around 100 staff in the TT newsroom across Innsbruck, regional offices, and the Vienna bureau, so the 84 figure (which covers the average during the year and applies to the GmbH specifically) likely reflects the core employed headcount within the legal entity rather than any broader count including contractors or group-shared functions. The figure is consistent with a regional daily of TT’s market position: large enough to maintain multiple regional desks and a digital operation, but not a large newsroom by national standards.

The newspaper itself is the strongest regional daily in Austria by paid digital growth

The filing’s financial data stands apart from what is publicly known about TT’s market performance, which must be drawn from external sources. According to the Österreichische Auflagenkontrolle (ÖAK) data published in February 2026, the Tiroler Tageszeitung had a distributed print circulation of 69,521 copies (Monday to Saturday) and 77,746 on Sunday in the second half of 2025. The tt.com Plus digital subscription service averaged 10,984 paid subscribers in the same period, an increase of 18.5% on the corresponding period in 2024. TT has been cited by the ÖAK as the leading Austrian daily newspaper by paid online subscriptions, a notable position for a regional title competing in a market dominated by national papers.

According to the Media-Analyse 2024/2025, surveying the period July 2024 to June 2025, the TT reached 262,000 readers (3.4% national net readership) across print and digital channels combined. In its core market of Tyrol, it functions as the dominant daily: according to Moser Holding’s own communications citing the Media-Analyse 2023, approximately one in two Tyroleans accessed TT content daily across its channels. These market position figures originate from industry audience measurement bodies and Moser Holding communications, and are not derived from the Firmenbuch filing.