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.

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