2. Agenda
Time Subject Speaker
Start End
12:00 - 12:30 Light lunch
12:30 - 12:40 Opening remarks Ole Jacob Sunde, Chairman of the Board
12:40 - 13:10 Shaping the media of tomorrow. Today. Strategic Direction Rolv Erik Ryssdal, CEO
13:10 - 13:20 Q&A
13:20 - 13:50 Schibsted Classified Media - Creating Winners Terje Seljeseth, CEO Schibsted Classified Media
13:50 - 14:10 Finn.no - Further growth for an Established market leader Christian Printzell Halvorsen, CEO Finn.no
14:10 - 14:30 Leboncoin.fr - Number 1 in French Online Classifieds Olivier Aizac, CEO Leboncoin.fr
14:30 - 14:45 Q&A
14:45 - 15:15 Break
15:15 - 15:45 Media Houses Scandinavia Didrik Munch, CEO Schibsted Norge
15:45 - 16:00 Q&A
15:45 - 16:10 Leveraging our digital assets to create additional value Sverre Munck, EVP Strategy & International
16:00 - 16:05 Q&A
16:05 - 16:30 Finance Trond Berger, CFO
16:30 - 17:00 Q&A + Wrap up Rolv Erik Ryssdal, CEO
18:30 - 21:30 Dinner at the Andaz Hotel
3. Rolv Erik Ryssdal, CEO
Rolv Erik Ryssdal became CEO of Schibsted on 1 June 2009. He joined the Schibsted Group in 1991 and has held
several management positions including CEO of Aftonbladet (1999-2005), CEO of VG (2005-2008) and CEO of
Schibsted Classified Media, the holding company for our international online classifieds operations (2008-2009).
Rolv Erik Ryssdal holds an MA in Business and Economics from the BI Norwegian School of Management and an
MA in Business and Administration from INSEAD, France.
Trond Berger, CFO
Trond Berger was appointed Executive Vice President of Schibsted ASA in 1999 and is in charge of the following
business areas: Finance, Treasury, Investor Relations, Mergers and Acquisitions and IT. Previous positions
include: Investment Director with Stormbull (1998), Executive Vice President (CFO) of Nycomed ASA and
To get back, Executive Vice President, Strategy and Business Development at Nycomed Amersham (1997-98), and partner at
Arthur Andersen (1981-92). Berger is Board Chair of Schibsted Trykk AS and Schibsted Eiendom. He is also a
board member of several Schibsted subsidiaries. Berger is a State-Authorized Public Accountant (1984), holds an
MA in Economics from the BI Norwegian School of Management and is a graduate of the Norwegian Armed
Forces’ Officer Candidate School (1977).
Sverre Munck, Executive Vice President Strategy & International
Sverre Munck joined Schibsted as Executive Vice President in 1994. In 2006 he became responsible for
International Operations, and since 2009 he has been responsible for the business areas International Editorial and
Classifieds Spain. He joined Schibsted as Chief Financial Officer (CFO) in 1994 and became Executive Vice
President, Multimedia in 1998. In January 2002 he became CEO of 20 Min Holding AG and since October 2009 he
has also held the position of CEO at Infojobs.net. Previous positions include: Director of Loki AS from 1987-94, a
consultant with McKinsey & Co from 1984-1987, and Senior Consultant at the Norwegian Ministry of Finance’s
planning department in 1984. He is Board Chair of 20 Minutes France SAS, 20 Minuten AG (Switzerland),
Multiprensa Holding SL and Infojobs SA and Vice Chair of 20 Minutes France SAS. Munck holds a PhD in
Economics from Stanford University (1983, NAVF scholarship), an MA from Stanford University (1978) and a BA
from Yale University (1976).
SIFICED’ via
icking off the
1
4. Terje Seljeseth, CEO Schibsted Classified Media
In October 2009, Terje Seljeseth took up the position as CEO of Schibsted Classified Media (SCM), the holding
company for Schibsted’s international online classifieds operations. At the same time, he became a member of
Schibsted’s Group Management Team. Seljeseth was hired as IT Director of Aftenposten in 1998 and was
assigned the task of starting FINN.no AS, where he was CEO until 2009. Terje Seljeseth has a background in IT
and studied at Datahøgskolen and the University of Oslo.
Trond Berger, CEO Schibsted Norge
Didrik Munch is appointed CEO of the new entity Schibsted Norge AS and has been a member of Schibsted’s
Group Management Team since August 2009. Munch was CEO of Bergens Tidende from 1997 before joining
Media Norge as CEO in 2008. Munch is Board Chair of Bergens Tidende AS, Aftenposten AS, Stavanger Aftenblad
AS, Fædrelandsvennen AS and FINN.no AS. Previous positions include Division Director of the business market at
DnB and a police lawyer. Munch is a graduate of the Norwegian Police University College and has an MA in Law
from the University of Bergen.
To get back, Christian Printzell Halvorsen, CEO Finn.no
Christian Printzell Halvorsen became the CEO of FINN in October 2009. He joined FINN in 2007 as Vice President
of Strategy and Product Development. Before joining Schibsted, he worked as a management consultant for
McKinsey & Company focusing on strategic technology issues in media and financial institutions. Christian Printzell
Halvorsen holds and MSc in Computer Science from Norwegian University of Technology and Science in
Trondheim, Norway.
Olivier Aizac, CEO Leboncoin.fr
Olivier Aizac (37) joined Schibsted in April 2006 to participate to the launch of leboncoin.fr. He has been General
Manager of leboncoin.fr since then. Graduated from ESSEC, French School of Management, he has been working
in the Internet industry for 12 years (Vivendi Universal, Hersant Media).
SIFICED’ via
icking off the
2
6. Disclaimer
This presentation (hereinafter referred to as the "presentation") has been prepared by Schibsted asa
("Schibsted" or the "Company") exclusively for information purposes, and does not constitute an offer to sell
or the solicitation of an offer to buy any financial instruments.
Reasonable care has been taken to ensure that the information and facts stated herein are accurate and that
the opinions contained herein are fair and reasonable, however no representation or warranty, express or
implied, is given by or on behalf of the Company, any of its directors, or any other person as to the accuracy
or completeness of the information or opinions contained in this document and no liability is accepted for any
such information or opinions.
To get back,
This presentation includes and is based on, among other things, forward-looking information and statements.
Such forward-looking information and statements are based on the current expectations, estimates and
projections of the Company or assumptions based on information available to the Company. Such forward-
looking information and statements reflect current views with respect to future events and are subject to
risks, uncertainties and assumptions. The Company cannot give any assurance as to the correctness of such
information and statements. Several factors could cause the actual results, performance or achievements of
the Company to be materially different from any future results, performance or achievements that may be
expressed or implied by statements and information in this presentation.
There may have been changes in matters which affect the Company subsequent to the date of this
presentation. Neither the issue nor delivery of this presentation shall under any circumstance create any
implication that the information contained herein is correct as of any time subsequent to the date hereof or
that the affairs of the Company have not since changed.
The Company does not intend, and does not assume any obligation, to update or correct any information
included in this presentation.
SIFICED’ via
icking off the
2
7. Global leader in Online
1
classifieds
Strong cash flow from Media
2
To get back,
Houses
Seizing the Scandinavian online
3
opportunity
SIFICED’ via
icking off the
3
8. The Schibsted fundament
Building on two solid cornerstones
To get back,
Online Classifieds Media Houses
14.4 billion in revenue 25 countries 7,200 employees
SIFICED’ via
icking off the
4
9. Well-managed digital transition
Online growth
Online share
14,4
15,2 %
Revenue
To get back,
8,0
8,3 %
EBITDA
2001
2001 2011
2007 2001 2011
5
10. Well-managed digital transition
International expansion
Gradually built a strong
European position over the past
10 years
To get back,
Selective approach in large
growth markets in Asia
Pacific and Latin America
SIFICED’ via
icking off the
6
11. Shaping the Media of Tomorrow.
Today.
People with values
We have integrity
We are innovative
To get back,
We are a team
We are here to win
SIFICED’ via
icking off the
7
13. Ambitious target in a major market:
Global #1 in Online Classifieds
Portfolio with strong
inherent growth profile
Upsides in optimization Targeted M&A
To get back, and ―best practice‖ sharing Greenfield Investments
Investing in growth both Maturing of investment stage sites
organically and through “Best practice” sharing
greenfield investments Optimizing of
established operations
and targeted M&A
Base Camp
Value creation is the
ultimate measure
9
14. Online classifieds
The winners take it all
EBITDA margin Players that are much larger than #2
100% reap higher margins
50–70%
To get back,
30–50%
5–30%
Sources:
0% EBITDA margin 2010: Company
reports and presentations
1x 3—5x 8—10x
Size vs #2: Pageviews(AdPlanner),
Size versus second player active objects where applicable,
SIFICED’ via company presentations.
icking off the
10
15. Online Classifieds
Portfolio structure
3 years
5 years
Return
To get back,
Profitability
Time
Two new sites in
profitable Established
Investment
phase as of Q1 2012
Start-up Traction Established
SIFICED’ via Operations in investment phase Operations in established phase
icking off the
11
16. Online Classifieds
Economies of scale key to global
success
Joint concept and product development
Marketing of the sites
To get back,
Site roll-out planning
Price optimization
Establishing new verticals
Enhancing return - reducing risk
12
17. Online Classifieds
Investing in the race to become #1
The window of opportunity
is still open to create
leading sites
Strategic approach, built
To get back, on broad set of criteria
Market size, growth and
wealth
Online penetration and
growth
Competition and market risk
Evaluating greenfield
opportunities as well as
targeted M&A
13
18. Online Classifieds targets:
Solid growth and high margins
Online Classifieds ex. Hitta
Current portfolio set for 4 000 80 %
15%-20% annual growth 3 500 70 %
rate 3 000 60 %
Growth upside from new 2 500
46 %
50 %
44 %
investments and
NOK mill
To get back,
2 000 38 % 40 %
acquisitions
1 500 30 %
Annual investment level of 32 % 33 % 31 %
1 000 20 %
~NOK 500 million -
gradually lower drag on 500 10 %
overall margin - 0%
2009 2010 2011
Revenue
EBITDA Margin inc. New ventures
EBITDA Margin Established Phase
14
20. Media Houses
Strong regional market leader
Subscription based Single Copy
Norway: #1 #1
Sweden: #2 #1
To get back,
Leading brands - quality journalism
Strong media reach – print and online
Powerful traffic drivers – launch pads for new services
Solid cash flow – fully invested in traditional media
SIFICED’ via
icking off the
16
21. Media Houses
Strategic direction and actions
Single Copy newspapers
• Product development and focus on quality journalism
• Optimize price and circulation
To get back, • Adjust cost base
• Develop online positions – including user paid products
Subscription newspapers
• Product development and focus on quality journalism
• Maintain stable circulation revenues
• Consolidate and improve operational efficiency
• Convert loyal subscriber base to digital products
SIFICED’ via
icking off the
17
22. Media Houses
Well positioned in growing
online market
Strong positions in both the 500
Advertising trends
Print
print and online domains 400
Print advertising is cyclical and
NOK million
300
in structural decline 200
Scandinavia stands out, as 100
To get back,
print holds up better despite 0
world highs in online and 2005 2006 2007 2008 2009 2010
VG Print Global Daily Press (Indexed)
mobile penetration
500
Internet advertising grows 400
Online
sharply in Scandinavia as well
as globally 300
NOK million
Remarkably resilient to 200
economic uncertainties 100
Several drivers continuing to 0
support the growth trend 2005 2006 2007 2008 2009 2010
VG Online Global Internet (Indexed)
Source: IRM Media, Schibsted 18
23. Media Houses Outlook
Continued high cash generation
Media House – EBITDA and Capex
Well positioned, highly 1 600
cash generative and fully 1 400
invested in traditional 1 200
1 384
1 313
media 1 114 1 094
1 000
To get back, Expecting flat to slightly 800
NOK million
declining revenue 600
Multi-lever approach to 400
manage decline in print 200
Online growth set to -
continue (200) (270)
(219)
Seeking to maintain strong (400)
2010 2011
cash flow
EBITDA CAPEX EBITDA - CAPEX
19
25. New Online Opportunities
Building high-margin businesses
To get back,
Online
Growth
Media Houses Media Online Classifieds
LEVERAGING OUR STRONG MARKET POSITIONS
SIFICED’ via
icking off the
21
27. New Online Marketplaces
Efficient Traffic Fund Models
To get back,
SIFICED’ via
icking off the
23
28. Payment Solutions
New lever of online traffic footprint
Single sign on and payment
model for all Schibsted sites in
Scandinavia
Online classifieds, market
To get back,
places, online newspapers
Easier payment of digital
content and classifieds items
Opening access to online
classifieds transactions
Relevant volume of NOK 350
billion on Blocket and Finn
Step by step development to
minimize risk
24
30. Strategic direction
Key takeaways
Online
Growth
To get back,
Online Classifieds Media Media Houses
Continued profitable Seizing the digital Focus on cash flow
growth growth opportunity
Manage structural
in core markets
Targeting global challenges in print
leadership
Building digital revenue
models
Shaping the media of tomorrow. Today.
SIFICED’ via
icking off the
26
34. Ambitious 3-5 year target:
Global #1 in Online Classifieds
Targeted M&A
Optimizing of
To get back, established operations
Maturing of investment
stage sites
“Best practice”
sharing
Greenfield Investments
Base Camp
2
40. History of growth
3500
3000
2500
2000
MNOK
To get back,
1500
1000
500
0
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Revenue MNOK
SIFICED’ via
icking off the
8
41. Already a strong position
30
25
Billion page views/month
20
To get back,
15
10
5
0
Naspers Ebay Schibsted Craigslist.org
Classifieds Classifieds
SIFICED’ via Doubleclick Ad Planner January 2012
icking off the
9
43. To get back,
Launch Startup Traction Established
SIFICED’ via
icking off the
11
44. World class organization
To get back,
• Autonumeus local • Systematic best • Systematic strategy
companies practice sharing implementation
SIFICED’ via
icking off the
12
45. Low cost High cost Medium cost Profit
To get back,
Launch Startup Traction Established
SIFICED’ via
icking off the
13
51. Huge upside if we succeed
2011 Revenues per Internet Universe * per country,
Internet User* Millions
Brazil 79
France 49
EUR 32 Italy 37
Spain 31
To get back, Mexico 31
Indonesia 19
Malaysia 16
Philippines 8
EUR 10 Switzerland 8
Belgium 8
Sweden 8
Romania 8
Chile 7
Hungary 6
EUR 1,3 Austria 6
Portugal 5
Finland 4,5
Norway 4,5
Ireland 3,1
19
*) Google AdPlanner Audience January 2012
52. Summary
Launch team in Stockholm analyze the
markets, launch test platforms and
conducts planned experiments
Systematic evaluation of strategies for sites
in the four stages of development based on
earlier successes and failures
To get back,
Continuous evaluation of portfolio ensures
optimal use of investments
Specialized support teams in Oslo,
Barcelona, Madrid and Singapore
Strong autonomous local sites with
systematic best practice sharing between
countries
20
55. Key takeaways
FINN is strengthening an already strong position
Future growth will come from optimization of
To get back, existing marketplaces, development of new
marketplaces and mobile expansion
Building a high-performance innovation culture to
attract talent and sustain future growth
SIFICED’ via
icking off the
2
56. FINN has an impressive position
in the everyday life of Norwegians
Brand awareness: 96% aided / 82% unaided
2011
2,5-3,1 million unique visitors per week.
Norway’s 2nd-3rd largest website.
To get back,
471 200 076 visits on FINN or 96 visits per Norwegian
3 988 618 days spent on FINN or 18.5 hrs per Norwegian
4,1 million ads with a total value of NOK 541 billion or 22% of
GDP
SIFICED’ via
icking off the
3
57. Strong positions in all verticals
Vertical Position Market share
Jobs #1 ~75% of advertised positions1
Real estate #1 ~100% of homes for sale2
To get back,
Cars #1 ~90% of used cars sold3
General merchandise #1 65-85% of online traffic4
Travel #2 2-50% of bookings / ads5
Services / craftsmen #1-2 ~40% of online job quote requests6
Display advertising #1 20-25% of online revenues7
SIFICED’ via
Note: Revised market share calculations. Not comparable to previously
icking off the communicated numbers.
Source: 1) NAV, 2) SSB/NEF, 3) Statens vegvesen, 4) 4
TNS/Alexa/internal estimates, 5-6) internal analysis, 7) INMA
59. In Norway, FINN’s position is
comparable to Google’s online
dominance in the US
ESTIMATE
FINN financials 2011 Google financials 2011
per capita, USD (US only*) per capita, USD
Revenues 40 57
EBITDA 19 18
Note: Comparable results for Google (globally) in 2011 were 37,9 billion USD in revenues and 11,7 billion
USD in income from operations. Assumed same distribution of revenues and income from US (47%).
6
60. Growth in all verticals in 2011
FINN revenues, MNOK 2009
2010
2011
299
265
Growth drivers:
220 219 230
To get back,
216 Continued volume growth
196
167 159 Price optimization
116 110 New and improved
94 86 products
72 63
31 38
Jobs Cars Real General Travel Services
Estate* merch.
Established verticals Newer verticals
SIFICED’ via
icking off the * Excluding one-off revenues from sales of
vacation rentals in 2010 (7 MNOK) 7
61. Future growth areas
1 Optimize existing marketplaces
2 Establish new marketplaces
To get back,
3 Mobile / multichannel
4 ”The marketplace graph”
World class processes:
5 Innovation and Sales
SIFICED’ via
icking off the
8
62. 1 Optimize existing marketplaces
Examples
• Price increases / decreases on C2C ads
Conservative
• Enhanced contract structures
price optimization
• Price differentiation and upsell products
To get back,
• Property projects / new homes
Subverticals • Commercial properties
• Aftermarket service for cars, boat, MC
• Personalization
Product
• Targeted advertising
upgrades
• Social elements
• Decision support
• Mobile
SIFICED’ via
icking off the
9
64. After 1 year, FINN is tied for the lead in
2 the services for craftsmen market
ESTIMATE
Marketshare, % of job quote requests
70 %
60 %
50 %
To get back,
40 % Mittanbud
FINN oppdrag
30 % Anbudstorget
Gulesider
20 %
10 %
0%
jan.11 feb.11 mar.11 apr.11 mai.11 jun.11 jul.11 aug.11 sep.11 okt.11 nov.11 des.11 jan.12
Underlying market growth January 2012 20-25% YoY
SIFICED’ via
icking off the Note: Excluding real estate and car services from
MittAnbud 11
69. ”The marketplace graph”:
4 Verticals tied together by user data
Volksvagen
Passat
“The mapping of everybody, all goods
and services, and how they interact in
the marketplace”
Has testdriven
USA july 2012
2 adults
To get back,
+ 2 children Searching for
Works at
John FINN.no
Owns
Sells
Owns
Rating: 3/5
The ”classifieds
graph” that we know
today Toyota Yaris
Eckersbergs 2007-mod
Canon 7D
gate 31,
Oslo
SIFICED’ via
icking off the
16
70. Building a strong innovation
5 culture to sustain future growth
FINN way of innovation FINNopp innovation tool FINN labs
To get back,
FINNovation hackathon FINN sandbox FINN awards
SIFICED’ via
icking off the
17
71. Awarded ”best place to work” in Norway.
5
Focus on performance culture to attract talent
To get back,
GPTW?
SIFICED’ via
icking off the
18
72. Key takeaways
FINN is strengthening an already strong position
Future growth will come from optimization of
To get back, existing marketplaces, development of new
marketplaces and mobile expansion
Building a high-performance innovation culture to
attract talent and sustain future growth
SIFICED’ via
icking off the
19
76. What is Leboncoin.fr?
A free generalist 39,5 % reach in French
classifieds website internet population
To get back,
More than 18 million ads
Blocket.se French little online
sister launched in April
2006 6 billion page views per
month
The #1 online player #1 position in Cars, Real
Estate and Goods
3
77. Leboncoin.fr is the biggest market
place in France
Page Views per Month, Google Ad Planner
7 000 000 000
Leboncoin.fr eBay.fr
6 000 000 000
5 000 000 000
To get back,
4 000 000 000
3 000 000 000
2 000 000 000
1 000 000 000
0
okt.09
okt.10
okt.11
feb.09
mar.09
feb.10
mar.10
feb.11
mar.11
apr.09
mai.09
sep.09
des.09
apr.10
mai.10
sep.10
des.10
apr.11
mai.11
sep.11
des.11
jun.09
jul.09
aug.09
jan.10
jun.10
jul.10
aug.10
jan.11
jun.11
jul.11
aug.11
jan.12
nov.09
nov.10
nov.11
SIFICED’ via
icking off the
4
78. The clear #1 player in cars
Number of cars in the database – Autobiz, Dec 2011
900 000 812 981
800 000
700 000
600 000
500 000
400 000
To get back,
271 768
300 000
200 000
102 217 98 155 97 993 93 003 89 163 87 658
100 000 66 900 57 823 38 887 25 170
- AutoScout24
Autoreflex
announcesjaunes
ParuVendu
Leboncoin*
OuestFrance
automobile
Topannonces
Argus
Le Centrale-Caradisiac
321auto
ebay PA
SIFICED’ via
icking off the
5
79. +404% +223% +67% +39% +26%
Steady growth over 6 years
UIP / day – monthly average
4 000 000
3 469 000
3 500 000
3 000 000 2 756 000
To get back,
CAGR
2 500 000 116%
1 979 000
2 000 000
1 500 000
1 188 000
1 000 000
500 000 368 000
73 000
0
12/2006 12/2007 12/2008 12/2009 12/2010 12/2011
SIFICED’ via
icking off the
6
80. Leboncoin.fr is in the top 5
websites in France
Google DoubleClick Adplanner – January 2012
facebook.com 39 000 000 000
orange.fr 10 000 000 000
live.com 6 400 000 000
To get back,
leboncoin.fr 6 400 000 000
youtube.com 3 600 000 000
sfr.fr 1 700 000 000
msn.com 1 300 000 000
yahoo.com 1 300 000 000
free.fr 1 200 000 000
pole-emploi.fr 1 100 000 000
SIFICED’ via
icking off the
7
81. One of Schibsted’s most important
growth drivers
100 100 %
76% 80
61 %
70 %
80 %
revenue
Million EUR
To get back, 60 60 %
47 %
growth Y/Y in 40 40 %
2011
20 20 %
0 0%
2009 2010 2011
Revenue EBITDA margin
8
86. A true child of the Schibsted
roll out strategy
Launched in April 2006
French little sister of
Blocket.se
50/50 Joint Venture
To get back,
Between Schibsted and Spir
Communication
Schibsted acquired Spir’s
shares in November 2010
Valuing the company at EUR
400 million (100% basis)
13
87. Why do 14 million French spend
their spare time on leboncoin?
12 years of experience Simple
A millennium in Internet Placing an ad only takes a
history few minutes. No subscription,
Easy few criteria, no payment
To get back, Immediate result in a single Quality
click Ads are checked and
Proximity validated before going live.
No duplicate ads, no Nigerian
Search is done by region on
letters, no forbidden content.
a map, everybody knows
where he lives Visibility
Navigation is more window
shopping than search
14
88. A long-term business model
A real focus on user experience
Online classifieds is a
competitive market
Agile and pragmatic business
models
To get back,
Adapt to the competition and
environment
Technical competence and
autonomy
The site is constantly tuned to
market needs
Entrepreneurial spirit
89. From a start-up to full-service
company
Focus on product teams
over the first years 12/2012
Build up local sales 145
To get back,
team and F&A 12/2011
88
In-source national sales 12/2010
team and strengthen all
departments
41heads
90. Focus on diversifying revenues
Local
advertising
Insertion
Partnerships
fees
To get back,
B2C National
services advertising
B2B services
SIFICED’ via
Business is growing through many revenues lines
icking off the
91. Mobile – a fast rolling train
iPhone app launched in
December 2011
Already 1,3 million
downloads
To get back, Developments on Android
is next step
Clear direction to improve
user experience and
simplicity of use
Clear target:
Get same position on
mobile as on the web
94. POSITIONS
What we do ACTIONS
PLANS
PROFITABILITY TRANSFORMATION
IN PRINT TO DIGITAL
To get back,
SIFICED’ via
icking off the
2
95. POSITIONS
Market leaders in Scandinavia ACTIONS
PLANS
Local presence Number one positions
in the most affluent cities in browser, mobile, print
No. 1 single copy paper No. 1 in web TV
NORWAY
1
No. 1 site by traffic No. 1 mobile site
Bergen Oslo
1
Stavanger No. 1 subscription paper
Kristansand 4 strong positions in 4 major cities
SWEDEN
No. 1 single copy paper No. 1 in web TV 1
Stockholm No. 1 site by traffic No. 1 mobile site
Stockholm’s quality subscription paper 2
Top high-end online destination
3
96. POSITIONS
Not in Anglo-American decline ACTIONS
PLANS
Scandinavian economies … but maintain continuously high
are well connected… print newspaper readership and advertising revenues
Circulation (volume) Advertising (revenue)
Mobile subs (1)
SUBSCRIPTION
pr capita -10% -11%
SCHIBSTED
PAPERS
Scandinavia 1.5 1,00 1,00
0,90 0,89
UK 1.3
To get back,
(3)
US 1.0 Peak Current Peak Current
level level level level
Broadband (2)
penetration Circulation (volume) Advertising (revenue)
-28% -53%
US AVERAGE
Scandinavia 89%
1,00 1,00
0,72
UK 56% 0,47
US 53% Peak Current Peak Current (4)
level level level level
SIFICED’ via
icking off the Sources: (1) Morgan Stanley (2010), Wired (2011); (2) ITU (2011);
(3) Schibsted historical and current figures;
(4) Huber Research Partners (2012)
4
97. POSITIONS
Cooperation and tightening ACTIONS
creates leaner media houses PLANS
Loose coordination, Tight cooperation and Focused media houses
redundant functions centralized support units with light backbones
To get back,
MEDIA HOUSES IN 2008, MEDIA HOUSES NOW, ROOM TO IMPROVE
PRIOR TO MERGERS AFTER TRIMMING GOING FORWARD
SIFICED’ via
icking off the
5