Schibsted ASA, the Oslo-based newspaper group which also has footprints in France and Spain, does not plan to acquire any papers outside Scandinavia.
It’s “not high on our agenda,” according to Chief Executive Officer Rolv Erik Ryssdal, Bloomberg reported.
Although Ryssdal is happy with the freesheets, 20 Minutes in France as well as 20 Minutos in Spain, and will keep on investing in them, he points out a tougher future for print titles.
Like all other players in Europe and U.S., Schibsted has been eagerly to find out new business models as the internet drew readers and stole advertising revenues.
Ryssdal told the Financial Times that the industry’s hope lies in experimentation with different charging models online as well as new devices, such as iPad.
“But you need patience. We are hopeful that these revenue streams will start to generate money, but it will take quite some time,” he added.