Board approval of improvement program in Aftenposten

Schibsted ASA (SCH) , Published 27/04/2004 12:48:26

The board of Aftenposten has today approved an improvement program for the period 2005 to 2008. The full effect of the program is expected to be approx. NOK 180 mill. in yearly improvements. Restructuring charges are estimated to be in the range NOK 70 to 100 mill., and will be taken this year.
For details on the program, please refer to the press release of 20 April.
For further information, please contact Aftenposten:
CEO Olav M. Mugaas, telephone +47 91 13 95 70
Oslo, 27 April 2004
Schibsted ASA
Gisle Glück Evensen
Investor Relations