The corona outbreak (covid-19) had negative consequences for the NHST Media Group in the first quarter, as for many other businesses in Norway and around the world. The Group’s publications experienced a strong growth in the demand for news and commentaries, resulting in increased traffic on the publications’ websites and increased sale of digital subscriptions. At the same time, advertising inco
NHST Media Group has decided to reduce costs by about NOK 70 million in 2020 to compensate for negative effects of the corona crisis and declining oil prices. Group publications are experiencing record-high readership numbers, but income from advertising and conferences are dropping considerably both in Norway and globally.
- We are delivering important journalism and good products at a difficu
Initiatives to position NHST Media Group for improved profitability continued in the fourth quarter of 2019. Operations were impacted by challenging and continuously changing market conditions, with increasing competition. The Group sees lower demand for paper based products and declining advertising revenues for traditional media. Meanwhile, cost-cutting efforts in combination with technology and
London, UK, Nov. 27, 2019 -- Leia Parker is appointed Editor in Chief of Upstream – the leading global news source for the oil and gas sector.
NHST GROUP’S DEVELOPMENT IN THE THIRD QUARTER 2019
The restructuring of NHST Media Group continued in the third quarter of 2019 to secure higher digital content revenues, improved profitability and an increased growth rate going forward. The Q3 results were affected by this process.
The Group reported total revenues of NOK 288.4 million for the third quarter and an operating loss of NOK 15.0
Group Management changes at NHST Media Group AS
(Oslo, September 2, 2019) Louise Barnekow has been appointed CEO of Mynewsdesk AB, a position she has held on an interim basis since late last year. She will be a member of the Group Management team of NHST Media Group. Following 12 years with the group, Chief Strategy Officer Andreas Emblem has decided to leave NHST to seek new opportunities.
NHST MEDIA GROUP - QUARTERLY REPORT 2ND QUARTER 2019
The NHST Media Group is currently undergoing an extensive restructuring process aimed at ensuring an increased share of digital content revenues, improved profitability and an increased growth rate in the longer term. The results for Q2 2019 were affected by this process. The Group posted revenues of NOK 301.3 million and an operating profit
Baard Haugen (63) has been appointed Group CFO of NHST Media Group and will join the Group Management Team by early September. Haugen comes from a similar position at Elopak, a Norway-based, international supplier of paper-based packaging solutions for liquid food.
Haugen has experience from management positions both in finance and operations in several private and listed companies with extens
The first quarter for NHST Media Group reflects the transition to improve profitability, secure future digital revenues and increase growth. The changes affect every part of the organisation, in addition to revenues and results. The changes to the business portfolio in 2018 added digital subscription revenues and international growth, in line with the strategy going forward. In the first quarter,
The fourth quarter showed a decrease in profits with an EBITDA of MNOK 11.4 (20.1) and an EBITDA margin of 3.4% (5.8%). The decrease is primarily due to the development in Mynewsdesk and Norwegian Publication, as well as the amortisation of goodwill related to the Mention acquisition.
Operating revenues in the fourth quarter were MNOK 331 (348.1), down 5% on the same period last year. There was
(11 December 2018) Louise Barnekow, Mynewsdesk’s Chief Product Officer, has been appointed interim CEO of the company. Mattias Malmström, who has served as CEO since 2015, has decided to leave Mynewsdesk to pursue new career opportunities. The changes are effective as of today.
Revenues in the third quarter were 3% up on the same period last year. The growth is due to a positive third quarter for advertising revenue, which rose 21% in the quarter. Digital advertising revenue was the main reason for the growth, but there was also a significant improvement in paper-based advertising for Global Publications. Subscription revenue fell by 2% in the quarter. Adjusted for exc
