Norske Avisers Landsforening (the Federation of Norwegian Newspapers) has come to agreement with its suppliers of newsprint with respect to newsprint prices for 1998.
The average price increase will be 3% for 1998 compared to 1997. Compared to 1997, the price increase for 1998 will result in approximately NOK 7 million increase in newsprint expenses for Schibsted§s two Norwegian newspapers, Aftenposten og VG, assuming unchanged volume of newsprint consumption.