TV 2 today announced their preliminary annual accounts 1999:
Income statement (NOK mill.) 31.12.99 31.12.98
Operating income 1 359 035 1 336 430
Operating profit 141 803 214 371
Net profit/loss for the year -58 146 86 260
Schibsted’s share of the deficit amounts to NOK 21 mill. The final annual accounts will be discussed at TV2’s board meeting on 14 March.
It was also announced that TV 2 will buy back 38% of the shares in Net 2 Interaktiv from Aftenposten. TV 2’s ownership will then be 88%, while Aftenposten owns the remaining 12%.
More detailed information regarding TV 2’s accounts and current projects is to be found in their own press release.
Oslo, 21st February 2000
SCHIBSTED ASA
Mette D. Storvestre
Investor Relations Manager