It should take place within seven years after the merger between Schibsted's national Aftenposten and regionals Faedrelandsvennen, Bergens Tidende and Stavanger Aftenblad is carried out, when market conditions are more suitable, said the company.
The recommendation is 'based on how in terms of good
and bad cycles, seven lean years tend to follow seven fat years, and in that
lies a decision to postpone listing the company on the stock exchange for seven
years', Jan Einar Greve, chairman of regional newspaper Bergens Tidende, told
Dagens Naeringsliv (article not online).
Of course, some say this cycle - seven lean years followed by seven fat years followed by... - has been running since the Old Testament (Genesis 37-455.) Paul Fifield, for one, repeats this belief in a talk on recessions as a marketing opportunity , which rings true with my flimsy memory of that part of the Bible too. It doesn't quite match my recollection of the last decade however, but that's a different matter. I'm sure there are great biblical sayings for erring on the side of prudence as well, even though they escape me right here and now.