20 Minutes/Minutos Q3 results
Norwegian publishing house Schibsted today published the results of their free dailies in France and Spain. Compared to Q3 2010, revenues are up but profits are larger now than a year before.
Although Q3 in general is a weak quarter for free dailies, the competition in France and the general economic situation in Spain caused some problems for the free papers.
In France where Schibsted owns 50% of 20 Minutes, distribution was increased to keep up with the competition and keep the position of market leader.