Schibsted
 |
|
| Public | |
| Traded as | : |
| Industry | Mass media |
| Founded | 1839 |
| Headquarters | Oslo, Norway |
|
Key people
|
Rolv Erik Ryssdal (CEO), Ole Jacob Sunde (Chairman) |
| Revenue | NOK 15.232 million (2013) |
| Owners | Foreign banks (> 30%) Government Pension Fund of Norway (6.24%) NWT Media AS (3.7%) Others (?) |
|
Number of employees
|
7,750 |
| Website | www.schibsted.com |
Schibsted Media Group is a Norwegian media group with operations in 29 countries, the most important being Norway and Sweden. The company has its headquarters in Oslo, Norway, and is listed on .
Schibsted's present activities are related to media products in the field of newspapers, online classifieds, publishing, multimedia and mobile services. Schibsted Media Group is currently organized into Online Classifieds, media houses and Schibsted Growth. Rolv Erik Ryssdal became CEO of Schibsted on 1 June 2009. CFO is Trond Berger. EVP Communications & CSR is Lena K Samuelsson.
Schibsted's largest shareholder is Blommenholm industrier (26.1%). At least 30% of the company is owned by foreign banks and financial services companies, such as J. P. Morgan, Northern Trust and The Bank of New York Mellon.
In 1839 Christian Michael Schibsted founded the publishing company Schibsteds Forlag and in 1860 he started publishing Christiania Adresseblad, from 1885 known as Aftenposten. In 1966 Schibsted acquired VG.
In 1989, under the leadership of Tinius Nagell-Erichsen, Schibsted went from being a family-owned company to a corporation, and was listed on Oslo Stock Exchange in 1992. Kjell Aamot has been CEO since 1989. In the 1990s and 2000s Schibsted bought a number of international newspapers.
The group is currently organized into Online Classifieds, Schibsted Media House Norway, Sweden Schibsted Media House and Media Houses International. The group is mainly grown through acquisitions since the IPO in 1992, when Schibsted was purely a Norwegian group, which consisted of wholly owned operations Aftenposten, Verdens Gang and Schibsted Trykk and minority stakes in six regional and local newspapers in Norway.
Schibsted has approximately 6,900 employees and operates in 29 countries. In addition to Norway, the company is also a major player on the Swedish market and operates in further 14 European countries (Denmark, Finland, Ireland, Belgium, France, Spain, Portugal, Austria, Italy, Switzerland, Hungary, Romania, Greece and Belarus), eight countries in Asia and the Pacific (India, Singapore, Philippines, Malaysia, Vietnam, Indonesia, China and New Zealand), 12 countries in Latin America (Mexico, Dominican Republic, Guatemala, Costa Rica, Colombia, Venezuela, Peru, Bolivia, Chile, Brazil, Uruguay and Argentina) as well as five African countries (Morocco, Algeria, Tunisia, Egypt, and Nigeria). In the majority of these countries are run only online-based businesses.
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Wikipedia