Schibsted ASA
Company typeAllmennaksjeselskap
OSE: SCHA
OSE: SCHB
IndustryMass media
Founded1839; 185 years ago (1839)
HeadquartersOslo, Norway
Key people
Kristin Skogen Lund (CEO), Ole Jacob Sunde (Chairman)
RevenueNOK 14.623 billion (2021)
OwnersForeign banks
Government Pension Fund of Norway
NWT Media AS
Others[1]
Number of employees
5000+
SubsidiariesTrader Media East
Websitewww.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 Adevinta [no]. 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 Aftenposten. In 1966 Schibsted also acquired Verdens Gang (VG). These were Norway's two largest newspapers, with VG surpassing Aftenposten 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 Finn.no [no], Blocket.se [sv],Tori.fi [fi],[2] and InfoJobs.[5]

References

  1. ^ Proff.no - as of April 2016
  2. ^ a b "Schibsted". Store norske leksikon (in Norwegian). Retrieved 25 November 2021.
  3. ^ "Schibsted will be divided into two companies". Adevinta. Retrieved 2022-12-18.
  4. ^ "Schibsted - Schibsted ASA (SCHA/SCHB) - Successfully completed sale of existing shares in Adevinta ASA". Schibsted. Retrieved 2022-12-18.
  5. ^ prnoticias, redacción (2009-10-19). "Schibsted adquiere el 100% de Infojobs". PR Noticias (in Spanish). Retrieved 2023-11-23.