Nyhedsavisen loses entire equity Skip to content

Nyhedsavisen loses entire equity

The Danish newspaper Nyhedsavisen, which is published by the Icelandic Dagsbrun Media, lost ISK 1.5 billion (USD 23 million, EUR 17 million) last year and thereby its entire equity of ISK 1.2 billion (USD 19 million, EUR 14 million), as revealed in Dagsbrun’s annual accounts.

Dagsbrun Media publishing house, which is largely owned by Baugur Group, has announced it will put ISK 3.5 billion (USD 54 million, EUR 41 million) into operating Nyhedsavisen this year, Bladid reports.

The publishing house was founded last year with ISK 4.7 billion (USD 73 million, EUR 54 million). The first issue of Nyhedsavisen was published in October last year and has since then received considerable attention from the Danish media.

Click here to read more about Nyhedsavisen and here to read about Boston Now, a daily newspaper also published by Dagsbrun media.

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