In Norway, the Schibsted Group is selling Schibsted Forlag, one of the country’s leading trade publishers, to Vigmostad & Bjørke. They are also selling them their ebookstoore EBOK.No, for undisclosed terms. The two units had combined 2014 sales of approximately $24 million, with an EBITDA loss of about $1.8 million. Schibsted will book an “immaterial gain” on the sale. The publishing house was founded in 1839. Chair of the board of Schibsted Forlag Bernt Olufsen says in the announcement: “Vigmostad & Bjørke has a solid history, and has over the last 25 years developed very well in the Norwegian book publishing industry. Today, it […]
