Nyhedsavisen investor bankruptcy

Morten Lund, in 2008 first the savior of free Danish daily Nyhedsavisen, and also the one who saw the paper going bankrupt in September of that year after new investors could not be found, is been declared bankrupt himself as a result of affair.

Nyhedsavisen former chairman Svenn Dam and the newspaper’s CEO Morten Nissen Nielsen had summoned him for claims about Dkr 10m (€1.3m), which Morten Lund (Photo MediaWatch) had personally guaranteed if Nyhedsavisen was to close down, “it feel like Superman with his clothes stolen” said Lund. (MediaWatch)

See for more on this story on Kristine Lowe’s blog.

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