Postimees MBO Could Save the Printed Paper, Says Expert ({{commentsTotal}})

Business
Business

Head of the Estonian Newspaper Association Mart Raudsaar said that the sale of the Eesti Meedia media company to its current Estonian management could save the company from going all-out online.

Äripäev reported on Tuesday that Eesti Meedia, which is owned by Norwegian media conglomerate Schibsted, could be purchased by the current management.

Eesti Meedia controls Postimees, the Kroonpress printing house and Kanal2, with stakes in Õhtuleht and Express Post.

Raudsaar told ERR radio today that Schibsted has said it plans to shut down its printed press operations by 2017 and concentrate on classified advertising and more modern forms of media.

“If we look at it [the sale] from an economic or media company management viewpoint, then it can bring about interesting developments. During the last decade Eesti Meedia and Ekspress Group have split local media into two and there is equilibrium. But Kadastik [CEO of Eesti Meedia] could be tempted to change something, or Ekspress Group and its major shareholder Hans H. Luik could become more aggressive,” Igor Rõtov, head of Äripäev said.

Rõtov said he believes that any kind of changes could benefit consumers.

Luik told Eesti Päevaleht today that foreign owners have began to leave post-Soviet states, with Schibsted already having closed two newspapers in Lithuania.

Luik, the founder of Ekspress Group, added that Estonian owners are more dependable, as they have, in his words, nowhere to run and must stay and compete.



{{c.alias}}
{{c.createdMoment}}
{{c.body}}
{{cc.alias}}
{{cc.createdMoment}}
+{{cc.replyToName}} {{cc.body}}
No comments yet.
Logged in as {{user.alias}}. Log out
Login failed

Register user/reset password

Name needs to be fewer than 32 characters long
Comment needs to be fewer than 600 characters long
{{comment.captcha.word.answer}}

news.err.ee

Opinion
Independence Day: Estonia’s way into the future isn’t a race

There is a lack of connection between the Estonian state, and the people who live here. While it expects a lot of the state, Estonian society doesn’t seem ready to contribute, writes Viktor Trasberg.

Lotman: Security academy would be crucial Estonian identity point in Narva

In an opinion piece published by Eesti Päevaleht, Tallinn University professor Mihhail Lotman found it important to overcome the mental barrier separating Ida-Viru County from the rest of Estonia.