IPO of Media Norge postponed

Schibsted ASA (SCH) , Published 29/08/2008 08:57:04

The project board of Media Norge has decided that the IPO of the new company will not be carried out this autumn. The timing will be evaluated further.
The process of preparing the IPO of Media Norge has proceeded as planned. The reason for the postponing is the development in the markets through the last period.
Contact persons:
CFO Trond Berger, tel: +47 91 68 66 95
EVP Norway Birger Magnus, tel: +47 90 03 00 93
Oslo, 29 August 2008
Schibsted ASA
Jo Christian Steigedal, IR Officer