Sale of shares in TVNorge, Published 25/06/1997 00:00:00


Schibsted has entered into an agreement with TV 2 AS whereby TV 2 AS will acquire Schibsted’s remaining 8% ownership in TVNorge for NOK 42 million. With this sale Schibsted has sold its 29.3% ownership in TVNorge for a total of NOK 154 million. The shares where acquired for NOK 140 million.

Schibsted will record a gain of NOK 56 million in the 2. quarter of 1997 as a result of the sale of 29.3% of the shares in TVNorge. The gain reflects Schibsted’s share of TVNorge’s loss from Feb. 1. 1996 and the continued indirect ownership in TVNorge through the ownership in TV 2.

Schibsted Hugin