Brief: North Media Newspapers buys five local Copenhagen newspapers

North Media A/S

16/12/2016 08:56

Dec 16 (Reuters) - North Media A/S  NORTHM.CO : 
    * North Media Newspapers buys five local Copenhagen newspapers to enhance strategic focus on 
the metropolitan area 
    * North Media Newspapers will acquire publishing rights to Lokalavisen Frederiksberg, 
Lokalavisen Østerbro, Lokalavisen Vesterbro, Lokalavisen Valby and Lokalavisen Vanløse 
    * Acquisition has no bearing on Group's or North Media Newspapers' earnings expectations for 
2016 
    * Purchase price is 6.5 million Swedish crowns ($692,986) 
    * Acquisition will take effect from Jan. 1, 2017 
    * Newspapers acquired are expected to generate revenue of about 12 million crowns in 2016 
    * Says newspapers have been acquired by way of a transfer of assets 
 
Source text for Eikon:  ID:nCSE6GV9  
Further company coverage:  NORTHM.CO  
 
($1 = 9.3797 Swedish crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))