Iceland’s Major Dailies to Merge? Skip to content

Iceland’s Major Dailies to Merge?

Free Icelandic daily Fréttabladid may soon be published by Árvakur, the publishing house responsible for the other two major dailies in Iceland Morgunbladid, which is sold via subscriptions and in retail, and the free 24 Stundir.

According to business paper Vidskiptabladid, Árvakur and media company 365, which publishes Fréttabladid, have been discussing the possibility for some time that Árvakur overtakes the publishing of Fréttabladid and 365 acquires up to a 40 percent share in Árvakur.

Both parties apparently see the benefits of combining the publishing and distribution of their print media. A difficult situation on financial markets and a downturn in advertising sales have encouraged discussions and an agreement is expected to be reached soon.

It is unclear whether competition authorities will approve of the agreement. The owners of 365 and Árvakur are likely to point out the position of national broadcaster RÚV in terms of competition in the media market.

The broadcast arm of 365, Stöd 2 (television), Bylgjan (radio) and Vísir (online) will not be part of the agreement. Morgunbladid also operates news website Mbl.

If 365 and Árvakur reach an agreement on merging the publishing of their print media, Vidskiptabladid predicts that the publication of one of the free newspapers will discontinue, probably 24 Stundir.

Apart from Vidskiptabladid and the aforementioned dailies, there is only one other nationwide daily newspaper in Iceland, red-top DV.

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