New ownership structure for Nyhedsavisen

Danish free daily Nyhedsavisen failed to hand in its annual accounts last week, which could have caused major problems – even liquidation – for the quality freesheet.

On the last moment, the paper (now quoting Kristine Lowe) “doubled its share capital (from 10-20m DKK) by converting debt, which means Icelandic Stodir Invest may have parted with the company and the ownership structure been changed. ‘Morten Lund and the Icelandics came to an agreement last night. I have signed the accounts and we will not be liquidated,” Morten Nissen Nilsen, the company’s MD, told Ritzau.”

In a press release published on his blog (in Danish, 23/7), Morten Lund said he still holds majority control in the newspaper company, and that the annual accounts will be submitted on Thursday (24/7) morning.

One Response to “New ownership structure for Nyhedsavisen”

  1. Newspaper Innovation » Blog Archive » Nyhedsavisen ownership Says:

    [...] Kristine Lowe offered today more details on the ownership structure changes at Danish free quality newspaper Nyhedsavisen (see previous post). [...]