Schibsted report loses for 20 minutes in Q1 2013

Screen shot 2013-05-03 at 12.50.40 PMThe free newspaper operations of Norwegian Media House Schibsted in France (20 Minutes) and Spain (20 Minutos) showed a loss (EBITDA) of 23 milljon NOK (€3 million) in Q1 of 2013 against a operating revenue of 68 million NOK (€9 million).

In 2012 the EBITDA for both operations was 48 million NOK (€6.3 million).

20 Minutes France had a revenue decline of 20 percent in Q1 2013, 20 Minutes Spain saw revenues declining by 23 percent.

In both countries cost reductions have been realized or are still in progess.

2 Responses to “Schibsted report loses for 20 minutes in Q1 2013”

  1. Newspaper Innovation » Blog Archive » Schibsted cuts costs in Spain Says:

    [...] the beginning of this month Schibsted already announced cost reductions because of losses in Spain and [...]

  2. Schibsted cuts costs in Spain - DNP Says:

    [...] the beginning of this month Schibsted already announced cost reductions because of losses in Spain and [...]

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