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The acquisition is expected to take place in early 2019.
The nine local media outlets in Nordsjø Media cover areas from Boknafjorden in the north to Lyngdal in the south. The Avisene Jærbladet, Dalane Tidende, Avisen Agder, Sandnesposten, Solabladet, Strandbuen, Gjesdalbuen, Bygdebladet and Lyngdals Avis newspapers were printed in total at 48,413 copies in the North Sea Media newspaper, also covered by the agreement.
In total, companies employ about 110 full – time equivalents and realize an annual turnover of about 160 million NOK.
"The media industry is changing, we have come to a point where newspapers and homeowners need to be renewed.The best way to ensure the future of our local visors is to let the property. a professional media company.Our home press deserves an active owner who invests in technology and know-how.Amedia is a strong and long term owner who has proven that she is better than any ability to develop So it's so important for us that Amedia takes control of Nordsjø Media, "said Nordsjø Media President Ivar Rusdal in a press release.
– Clean and necessary
Rusdal says company sales have been updated following impending generation changes. At the same time, companies are facing significant investments in know-how and technology.
"Although it is difficult to abandon the 144 years of local media ownership in Rogaland and Agder, this decision is just and necessary.As responsible landlords, we must constantly place the needs of the newspaper in the driver's seat, "said Rusdal.
That is why Nordsjø Media and Amedia have begun a dialogue on the continuation of the powerful and traditional local newspapers of Rogaland and West Agder. The dialogue ends with the signing of an agreement between the parties.
Final accuracy next year
Nordsjø Media AS is owned by Dalane Tidende and Egersunds Avis AS, Avisen Agder Holding AS and Vimer AS. The agreement requires the approval of the general meetings of the three owners, in addition to the board of the Amedia group.
The transaction will be notified to the Norwegian Competition Authority. All formalities should be clarified early in 2019.
With the acquisition of Nordsjø Media, Amedia will expand its local newspaper portfolio from 63 to 72, further strengthening its position as the leading local media owner in the country.
"Amedias' main task is to provide Norway with a wealth of powerful local newspapers across the country, and after the acquisition, Amedia will have nearly 900 journalists in local communities around the world to meet the needs of residents in matters of information, debate, knowledge and identity We are very pleased with the confidence we have placed in the development of nine important local newspapers in Rogaland and Agder. integrates very well into the Amedia family and this agreement helps strengthen the network of local Norwegian newspapers, said the CEO of Stokstad in Amedia.
He describes Nordsjø Media as a very well managed group that Amedia is eager to know even better.
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