Bonnier and Telenor have entered into an agreement under which Bonnier will acquire the 35 percent of C More that is owned by Telenor. The change in ownership takes place today, June 27.
Following weeks of jury deliberation and a series of interviews, the entrepreneurs who will take part in Bonnier Accelerator 2014 have been announced.
Bonnier’s operating profit improved in 2013 compared with 2012 and EBITA was SEK 1,004 million (854). Net sales for 2013 amounted to SEK 26,688 million, a decline of 8.5 percent mainly attributable to divestments and structural changes. Bonnier’s earnings before tax increased to SEK 1,730 million (-217) mainly due to the merger between SF Bio and Finnkino.
The Board of Directors for Bonnier AB will decide at an upcoming meeting on the approval of Tomas Franzén as new CEO of Bonnier AB. Tomas Franzén is currently CEO of Com Hem.
Today, Bonnier released the names of the four participants chosen to take part in the inaugural Bonnier Accelerator program.
Jonas Bonnier will leave his post as CEO of Bonnier AB at the end of 2013 after six years in the position. The process of finding a successor will begin immediately.
Bonnier is looking to partner up with the digital stars of tomorrow with Bonnier Accelerator, a new program for entrepreneurs interested in working with a global media leader.
Agreements have been signed regarding a merger of SF Bio and Finnkino that together will form the Nordic region’s largest cinema group. The new business will be owned 60 percent by Ratos and 40 percent by Bonnier.
On March 1, Bonnier AB will institute an organizational change, with seven subsidiary company CEOs taking on the additional roles of heading up newly created business areas.
Bonnier’s turnover amounted to SEK 29.17 billion in 2012, a decrease of 2 percent compared with the previous year. The EBITA margin went from 4.2 percent (SEK 1.26 billion) in 2011 to 2.8 percent (SEK 806 million) in 2012.