Mixed messages from Schibsted
In their Q1 2008 results Schibsted mentions “Strong development for 20 Minutes in France. A readership record but challenging advertising market in Spain.”
These remarks are in line with Metro’s observation in Spain were apparently a war on advertising rates is going on with Metro, ADN and Qué! fighting for the no. 2 position.
Swedish free daily Punkt.se is still losing money: NOK. 37m (€4.7m) in Q1 2008.