Exista CEO: “Media in Iceland in the hands of two families” Skip to content

Exista CEO: “Media in Iceland in the hands of two families”

Lýdur Gudmundsson, the CEO of financial service company Exista, said at the company’s general meeting yesterday that media in Iceland, apart from public broadcaster RÚV, belonged to two families.

According to Morgunbladid, Gudmundsson said that was the reason Exista’s daughter companies owned a share in two media outlets, the TV station SkjárEinn and the business newspaper Vidskiptabladid.

Gudmundsson explained Exista usually aimed at making profits from all its investments, but in the case of SkjárEinn and Vidskiptabladid, the main goal had been to shake up media ownership in Iceland.

At Exista’s general meeting it was decided, among other things, to give the company’s management permission to register its stocks in Euros.

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