Schibsted has sold 21.33% of the shares in TVNorge to TV 2.
The transaction value is approx. NOK 112 million, and will give
Schibsted a gain of approximately NOK 30 million in the 2. quarter. The
gain calculation reflects Schibsted’s share of TVNorge’s loss from Feb. 1.
1996, and of the continued indirect ownership in TVNorge through TV 2.
After the share sale Schibsted owns 8% of the shares in TVNorge.
Sverre Munck
C.F.O.