It is evident from the company’s quarterly report, which was released Friday.
Gross operating profit (EBITDA) was NOK 642 million, compared with NOK 574 million in the second quarter last year. The report shows that it is classified operations on networks that go progress, with an increase in revenue of 16 percent.
– The media houses we see continued growth in online revenues from most of our businesses, but it fast Fall printed newspapers combined with rapid changes in the digital marketplace creates turmoil for the media houses’ profitability, CEO Rolv Erik Ryssdal comments.
VG revenue of networks fell by 30 million, from 182 million second quarter 2014 to 152 million second quarter this year. There are bigger decline than on paper, where revenues fell from 330 million to 302 million (-28,000,000).
– The advertising has evolved towards greater fragmentation of the use of marketing funds with major ad buyers, which in turn has led to a drop in market share of the largest sites, which VG.no, says the Schibsted. (© NTB)
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