Hitt og þetta 22. september 2006

Norwegian newspapers to merge

Nordic Business Report-September 22, 2006-Norwegian newspapers to merge
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The Norwegian newspapers Bergens Tidende AS, Faedrelandsvennen AS, Stavanger Aftenblad ASA and Aftenposten AS said on Thursday (21 September) that they have signed a letter of intent to merge.

The parties plan to establish a new listed company, Media Norge ASA, in which the media group Schibsted ASA will be the largest shareholder with a 50.1% stake.

The merger will not affect the editorial independence of the newspapers, and is not expected to result in redundancies.

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