Schibsted’s new ventures hit rough patch
13 Feb 2013
Oslo-listed Schibsted Media Group (SMG) today released solid results for its online classifieds business in FY2012, despite the fact that its new ventures hit a rough patch. SMG’s subsidiary Schibsted Classified Media (home to its classifieds portals) grew revenue by 21 percent from €264 million ($356 million U.S.) in FY2011 to €319 million in FY2012 (see table).
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