As previously communicated, lastly in connection with the presentation of the annual accounts 2000, Schibsted ASA considers its ownership in TV 2 AS as a financial investment. The TV 2 group has since it was established with Schibsted as one of its founders shown a very satisfactory development. TV 2 is now a strong and significant media player in Norway.
Schibsted continuously assesses the Groups financial assets and considers the need for future investments within the Groups core activities. It is an important goal for Schibsted ASA to channel the investments to areas where the Group can contribute both on a strategic and operational level.
Based on this Schibsted has initiated a process to consider a possible sale of the Groups investment of 33.33% in TV 2 AS.
Executive Vice President TV, Film & Publishing Jan Erik Knarbakk
Telephone + 47 23 10 66 34