Amedia buys nine local newspapers in Rogaland and West Agder

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The media group Amedia acquired Nordsjø Media, which owns nine local newspapers in Rogaland and Vest-Agder.

Amedia takes ownership of Jærbladet, Dalane Tidende, Agder, Sandnesposten, Solabladet, Strandbuen, Gjesdalbuen, Bygdebladet and Lyngdals Avis.

"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.

The local newspapers of Nordsjø Media AS have a total of 48,413 copies and are published in the North Sea Media newspaper in Egersund, also covered by the agreement, Amedia said in a press release.

Nordsjø Media and Amedia agree that Amedia will acquire all the shares of the media company that owns nine local newspapers in Rogaland and West Agder. The acquisition is expected to take place in early 2019.

In total, companies employ about 110 full – time equivalents and realize an annual turnover of about 160 million NOK.

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 this acquisition, Amedia owns 72 local newspapers.

"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 It is therefore very important for us that Amediasom take over Nordsjø Media, says Nordsjø Media President Ivar Rusdal.

For the sake of good: The newspaper was purchased in full by Amedia in 2017.

(NTB / Manager)

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