Get the latest gossip
Sweden’s TV4 & Finland’s MTV Being Sold To Schibsted Media For $620M
Telia is selling Sweden's TV4 and Finland's MTV to Schibsted Media for SEK6.55B ($613M).
“We have an opportunity to secure a new home for TV & Media with a strategic long-term Nordic owner that can further develop the business while maintaining its editorial independence,” said Patrik Hofbauer, Telia Company’s President and CEO. Oslo-based Schibsted owns news brands such as VG and Aftenposten in Norway, Aftonbladet and Svenska Dagbladet and other Nordic media businesses. “As competition with global tech giants intensifies, building complete and nationally rooted media positions with scale and investment capacity is more important than ever to safeguard editorial independence.
Or read this on Deadline
