Mecom: no quick fix for Edda Media divestment
December 18, 2008
Mecom's management is aiming for a resolution for Edda Media before Christmas or New Year, according to employee representatives who spoke with Mecom-boss David Montgomery in Amsterdam today.
"We have received an update: it did not contribute to clarify the situation. Various alternatives are being explored further with the aim of reaching a conclusion before Christmas or New Year," an employee representative told Journalisten.no, expressing doubts that we'd see a resolution before 2009. Apart from selling Edda Media, other options that have been/are being explored: selling Mecom's stake in Rzeczpospolita to Alex Springer; selling a newspaper and a few printing operations in The Netherlands and inviting Mecom investors to invest more money.
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