Schibsted Explained

Schibsted ASA
Traded As:
Location:Oslo, Norway
Owners:Tinius Trust
Government Pension Fund of Norway
Foreign banks
NWT Media AS
Others[1]
Industry:Mass media
Revenue:NOK 14.623 billion (2021)
Num Employees:5000+
Subsid:Trader Media East
Homepage:www.schibsted.com

Schibsted Media Group is an international media group. The company has its headquarters in Oslo, Norway, and is listed on the Oslo Stock Exchange. The CEO is Kristin Skogen Lund.[2]

In 2019, Schibsted spun off the majority of their online marketplaces business area into a new company called . Brands such as eBay Kleinanzeigen, Leboncoin.fr and Shpock were included, and stakes in similar websites across Europe were also transferred.[3] As of December 2022 Schibsted continues to hold a 22.8% stake in the company.[4]

History

In 1839 Christian Michael Schibsted founded the publishing company Chr. Schibsteds Forlag and in 1860 he started publishing the newspaper Christiania Adresseblad, from 1885 known as . In 1966 Schibsted also acquired (VG). These were Norway's two largest newspapers, with VG surpassing in 1981. In 1989, under the leadership of Tinius Nagell-Erichsen, Schibsted went from being a family-owned company to a corporation, and was listed on the Oslo Stock Exchange in 1992. From 1992 to 2006 Schibsted owned part of TV 2, and in 2004 Schibsted bought part of TV 4 Sweden. While retaining its newspapers division, the company later shifted its focus from television to Internet classifieds/marketplaces, such as,,, and InfoJobs.[5]

External links

Notes and References

  1. http://www.proff.no/roller/schibsted-asa/oslo/-/Z0I3KMX5/ Proff.no – as of April 2016
  2. Encyclopedia: Schibsted. Store norske leksikon. Norwegian. 25 November 2021.
  3. Web site: Schibsted will be divided into two companies . 2022-12-18 . Adevinta . en-US.
  4. Web site: Schibsted - Schibsted ASA (SCHA/SCHB) - Successfully completed sale of existing shares in Adevinta ASA . 2022-12-18 . Schibsted . en-US.
  5. Web site: prnoticias . redacción . 2009-10-19 . Schibsted adquiere el 100% de Infojobs . 2023-11-23 . PR Noticias . es.