Tuesday September 7 1999
VNU sells five regional papers to Wegener Arcade
VNU announced on Tuesday that it expects to reach an agreement with publisher Wegener Arcade on the sale of VNU Dagbladen to Wegener Arcade for NLG 1.8 bn. The regional daily newspapers NB/DE Stem, Brabants Dagblad, Eindhovens Dagblad and De Gelderlander will become part of Wegener Arcade. Wegener Arcade announced its intention to sell Uitgeversmaatschappij De Limburger, a subsidiary of VNU Newspapers, to the Dutch publishing company Telegraaf after final agreement has been reached with VNU.
FT, WSJ launch new Russian business daily
The Financial Times and The Wall Street Journal joined forces to launch a new Russian-language business daily on Tuesday with publisher Independent Media, which is 35% owned by VNU. The paper, Vedomosti (Gazette), claims to be the only truly independent newspaper of its type in Russia, where politicians and wealthy businessmen are vying for influence over the media in the run-up to parliamentary and presidential elections, Derk Sauer, the CEO of Independent Media, said.
Wednesday September 1 1999
Editors oppose VNU sell-off
The Dutch society of editors-in-chief is oppesed to VNU's plan to sell five regional newspapers. In an open letter to the journalist's union NVJ and the association of newspaper publishers, the editors proposed to set up an independent publisher for the regional papers. The society said that the balance in the market would be disrupted if the regional publications would be sold to existing newspaper publishers.
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