Oslo -based Heavyweight News Shibasted Media has agreed to get its TV and media business from Nordic and Baltic Telco Telia under the leadership of flagship TV companies. Tv4 In Sweden and MTV In Finland, partners announced Tuesday.
Transactions, SEK 6.55 billion ($ 615.3 million) price, is subject to the latest, customary regulatory approval in the third quarter of 2025.
Telia’s TV and media business employs about 1,200 staff members in Sweden and Finland. In Sweden, it includes Sweden’s leading commercial TV 4 advertisement-funded and pay-TV channels, TV 4 play streaming service, photbolskanlane and cockeks websites. Finnish operations include long-lasting major commercial broadcasters MTV and its pay-TV channels, with its Catsomo streammer.
Shibasted Media owned by the Tinious Trust, which controls Norway’s largest news brands, including AFTANPOSTAN, VG, E24, Bergance Tidande, said in -stipendant journalism, high-quality materials and attractive media in Pact Nordix Products the products to invest its re -confirmed commitment.
“TV 4 and MTVs are reliable and independent news provider and national foundation for conservation of democratic values, as well as their high quality entertainment and drama production. In this context, the schibsted media stands as an ideal long -term owner, “CEO SIV Juvik TVEitnes said.
In Sweden, the Norwegian Group Digital Media Brands Aftonbladet, Svenska Dagbladet, OMNI and Podcast platform controls podme and will be therefore consolidated and widened its proposal in news, sports, entertainment on all media platforms. In Finland, the acquisition of MTV is seen as “Step-Change” for Shibasted Media which was only present in the media scenario through Podum.
Meanwhile, Telia, who was trying for a while to divide its TV and media operations, will now be able to focus on its main connectivity business.
The President and CEO, the Patrick Hoffor, said: “Our priority is what Telia does the best: providing world -class connectivity, which millions of people trust every day, and this agreement clearly reflects it. “
Telia will still continue to distribute the content of TV4 and MTV through its consumer TV offering.
In 2024, Telia’s TV and media business had an external revenue of SEK 8.16 billion ($ 766.8 million) and about 887,000 customers.
