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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]
 | |
| Company type | Allmennaksjeselskap |
|---|---|
| OSE: SCHA OSE: SCHB | |
| Industry | Mass media |
| Founded | 1839 |
| Headquarters | Oslo, Norway |
Key people | |
| Revenue | NOK 14.623 billion (2021) |
| Owners | Tinius Trust Government Pension Fund of Norway Foreign banks NWT Media AS Others[1] |
Number of employees | 5000+ |
| Subsidiaries | Trader Media East |
| Website | www.schibsted.com |
In 2019, Schibsted spun off the majority of their online marketplaces business area into a new company called Adevinta. 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]
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, Blocket.se,Tori.fi,[2] and InfoJobs.[5]
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