Schibsted continues to sell off paper heavy business. Rids itself now with the publisher. – Campaign

Schibsted Schibsted sells Publishing and Ebok.no to Forlagshuset Vigmostad & amp; Birch. The transaction will be completed in a short time, says Schibsted in a statement today. The sale of the publishing house will result in a smaller gain for the Norwegian media group. The parties have agreed not to disclose the transaction value. In 2014, Schibsted Forlag and Ebok.no total operating revenues of around NOK 190 million and an operating loss of 14 million.

– Has developed very good
– We are convinced Vigmostad`s & amp; Birch will be good long-term owners of Schibsted Forlag and EBOK.NO. This is a good way forward, says CEO of Schibsted, Rolv Erik Ryssdal, in a press release.

Chairman of Schibsted Forlag, Bernt Olufsen, according imprint is served by new ownership.

– Vigmostad & amp; Birch has a solid history and has over the last 25 years developed very well in the Norwegian book trade. It is is Norway’s fourth largest publishing house. I’m sure that customers, writers and managers of Schibsted Forlag will enjoy the Schibsted publishing becomes part of Forlagshuset Vigmostad & amp; Birch says Olufsen.

This spring big clearance sale
Schibsted take this opportunity to state that the media group has “a long and proud history as an owner of Schibsted Forlag. ” But Schibsted is taking increasingly heavy digital and increasingly less on paper media. Over the last few weeks have demonstrated that Schibsted paper heavy media is not the media group will prioritize most come. In Sweden becomes Schibsted-owned Svenska Dagbladet part of a new media company that the Norwegian media group will own 30 percent of. In late May could Schibsted tell that they are on their way out of the French free newspaper 20 Minutes. This week it became known that the same happens in Spain, which is the last country Schibsted own free newspapers. Schibsted sells 20Minutos in Spain to the Spanish media company Heraldo, which takes over both the web and paper operations. Yesterday wrote Campaign that Schibsted acquires in the Norwegian digital classifieds company Snapsale. In our la media group 1.5 billion on the table for the Swedish housing classifieds company inhibition.

– It is an important responsibility to constantly assess whether there is the right owner for the company. As we see it now, we are convinced Vigmostad`s & amp; Birch will be good, long-term owners of Schibsted Forlag and EBOK.NO. In Schibsted Media Group, we will use our resources to develop its position as a leading player within online classifieds globally and developing digital media world, Ryssdal says.

– Central position in the book industry
The new owner is pleased with the acquisition.

– Schibsted Forlag and EBOK.NO occupies a central position in the Norwegian book trade. For me began his career in the publishing industry with writing over 100 short stories and short novels for magazines that were owned by the publishing house we now buy. Therefore, I have always followed Schibsted Forlag very closely. It’s a dream come true, says publisher Arno Vigmostad in Forlagshuset Vigmostad & amp; Birch.

The plan is to step up the focus on a particular genre in literature.

– We are looking forward to increase its focus on entertainment literature joy for Norwegian book readers. Furthermore, we want to strengthen our focus on Comparative Literature, where Schibsted Forlag and our general publishing Vigmostad & amp; Birch has a strong position and an exciting platform for further growth. We already have the largest and most popular online bookstore Haugenbok.no, and now we get also the largest ebokhandel.