Brief: North Media Aviser signs cooperation agreement with Politikens Lokalaviser

North Media A/S

03/11/2016 08:01

Nov 3 (Reuters) - North Media A/S  NORTHM.CO : 
    * North Media Aviser A/S signs cooperation agreement with Politikens Lokalaviser A/S and 
sharpens strategic focus on Copenhagen  
    * Agreement also includes cooperation on editorial content and key account sales as well as 
transfer of a number of employees 
    * Politikens Lokalaviser will integrate regional editions of Søndagsavisen in parts of North 
Zealand, in Odense and Horsens in its own local weekend editions 
    * Revenue of North Media Newspapers now expected to range from 170 million Danish crowns  
($25.37 million) to 175 million crowns for 2016 compared to previously from 175 million crowns 
to 185 million crowns 
    * Expectations are now that North Media Newspapers' 2016 EBIT before special items will be a 
loss ranging between 33 million crowns and 37 million crowns 
    * Previous 2016 EBIT expectations before special items in North Media Newspapers was a loss 
ranging between 30 million crowns and 35 million crowns 
 
Source text for Eikon:  ID:nCSE6CBl  
     
Further company coverage:  NORTHM.CO  
 
($1 = 6.7002 Danish crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))