Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
Sanomatalo, The Sanoma House, in Helsinki
Sanomatalo, The Sanoma House, in Helsinki - Credit: Aulo Aasmaa / Wikimedia Commons - License: CC-BY
Business
Sanoma
Sanoma Media Netherlands
DPG Media
Susan Duinhoven
Tuesday, 10 December 2019 - 09:42
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

NU.nl, Donald Duck sold in €460 million deal

Finnish publishing giant Sanoma sold its unit Sanoma Media Netherlands to Belgian company DPG Media for an amount of 460 million euros, Sanoma announced on Tuesday. No jobs will be lost in the deal - all 977 employees, equivalent to 894 full-time positions, will mover from Sanoma to DPG.

Sanoma Media Netherlands consists of Dutch and Belgian magazines including Donald Duck and Libelle, and online news brand NU.nl. After the sale, these will fall under DPG, which already owns AD, Parool, Trouw, De Volkskrant, and a large number of regional papers. DPG also owns part of Amsterdam broadcaster AT5 and radio station Q-Music.

The sale still has to be approved by the Dutch authority on consumers and markets ACM, and the involved companies' central works councils still have to give their advice. If all goes well, the deal is expected to be finalized by the end of September 2020.

Sanoma is not leaving the Netherlands entirely, but will henceforth focus on its educational branch Sanoma Learning. The money earned in the sale will be mainly used for mergers and acquisitions to this extent. “Divestment of Sanoma Media Netherlands is an important step in Sanoma’s strategic transformation from a predominantly media company into a combination of a growing European-based learning company and the leading cross-media company in Finland,” said President and CEO Susan Duinhoven in a statement.

“I am very proud of the work that our Dutch media team has done during the past years. We have reshaped the business and improved its efficiency and profitability, and in addition created growth in the online news and data business.” Duinhoven said.

Follow us:

Latest stories

  • Hospitals vary widely in when they refer babies to pediatricians
  • The Netherlands has given Ukraine over €1 billion in military aid alone
  • The Netherlands and Morocco look to expand extradition agreement
  • Confidence in Dutch government & central bank has fallen sharply
  • Air France-KLM, Lufthansa could acquire bankrupt Flybe to access landing slots
  • Dutch more worried about natural disasters; Half think country will become uninhabitable

Top stories

  • Netherlands to send a search & rescue team to Turkey after 7.8 magnitude earthquake
  • Dutch employers becoming less critical during hiring process
  • Multiple writers receive threats after defending Pim Lammers, "Unacceptable": Dutch PM
  • Woman killed, 10 hurt in several stabbing incidents over the weekend
  • Regional bus, train staff start 5-day strike; Some Arriva trains running, NS unaffected
  • Police arrest suspect for fatal fire in Arnhem

© 2012-2023, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content