Newsprint prices for 1999, Published 23/12/1998 13:58:00

Norske Avisers Landsforening (the Federation of Norwegian Newspapers) has come to agreement with its suppliers of newsprint with respect to newsprint prices for 1999. The average price increase will be 1% for 1999 compared to 1998. Compared to 1998, the price increase for 1999 will result in approximately NOK 2.5 million increase in newsprint expenses for Schibsted’s two Norwegian newspapers, Aftenposten og VG, assuming unchanged volume of newsprint consumption.