Loses for 20 Minutes France and 20 Minutos Spain

The annual report 2013 of Norwegian mediahouse Schibsted revealed that the 20 Minutes operations in Spain and France are still losing money.

In 2013 this amounted to 37 million NOK (€4.5 million), thanks to cost cutting this was les than in 2013 (48 million NOK).

In Spain the economic situation is still a major problem, 20 Minutos is still the market leader in newspapers.

In France there is fierce competition between three free dailies: 20 Minutes, Metro and DirectMatin. Publishers are thinking about merging titles.

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