Schibsted shuts down Punkt SE

punkt_se_logo Schibsted and Aftonbladet today announced that they are shutting down the free daily Punkt SE. The paper lost a total of 258 million kronor in 2006 and 2007 and the figures for Q1 2008 were equally depressing, 44 million kronor, according to Martin Jönsson in SvD. But Schibsted still views the free sheets market as a strategic area and simultaneously acquires 35 percent of the local competitor, Swedish Metro, for 350 million kronor.

Tags: , , , , , . Ping.