Helga Bollmann Leknes (48) has been appointed Chief People Officer of NHST Media Group, effective 17 August.
Leknes will join the Group Management of NHST Media Group and report to Group CEO Hege Yli Melhus Ask.
- Helga has a solid experience from strategic and operational HR as well as business leadership of large international corporations. Her competence and role will be very important to
NHST Media Group recorded progress in several areas in the second quarter of 2020, despite a continued demanding market situation due to Covid-19.
Demand for news services increased significantly in the first months of the year and remained high in the second quarter. Revenues from digital subscriptions rose, while revenues from print publications continued to fall, in line with the long-term t
Mentor Medier acquires NHST Media Group's shares in Morgenbladet. As a result, Mentor Medier will own 90.8 per cent of the shares in Morgenbladet. Mentor Medier already owns several newspapers such as Vårt Land and Dagsavisen in Norway, and the Swedish publication Dagen. It also owns several smaller newspapers and publishing firms, as well as Mediaconnect, a key provider of services to the media i
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
Gunnar Bjorkavag and the NHST Media Group board of directors have agreed that Gunnar Bjorkavag resigns from his position as Group CEO, effective from 1 February 2018.
Highlights from the quarter
Revenues in the third quarter were stable despite a 23 % fall in advertising revenues
Growth in subscription revenues in the publications and the growth in Mynewsdesk compensated for the decline in advertising
Subscription revenues were 64 % of the total revenues in the quarter, compared with 58 % a year ago
The EBITDA, before one-time effects, was MNOK 20, which w
Main highlights in the quarter
Revenues for the quarter increased by were MNOK 337 which is comparable with last yearAs in previous quarters there are significant variations between revenue types. Subscription revenue increased 13% while advertising revenue fell 15 % and media service revenues declined 7 %. There were also substantial differences between the segments with 16 % growth in Mynews
Key figures for the quarter
Revenues for the quarter increased by 7 % to MNOK 316. Adjusted for acquired and sold companies in 2016, revenues increased by 3 %. Adjusted also for currency effects the increase was 1 %.Revenues in the Norwegian and global news publications increased by 8 % to MNOK 240. Adjusted for business acquisitions, the growth rate was 3 %. Adjusted also for currency effec
Highlights for the quarter
Revenues increased by 12 % to MNOK 364 in the quarter. Adjusted for one-off effects and the addition of Morgenbladet, revenues increased by 3 %. Revenues in the Norwegian and global news publications increased by 11 % to MNOK 275. Before on-off effects and the consolidation of Morgenbladet, there was a 2 % decline in revenues.Media service revenues increased by 16
