Largest media groups in Norway
Below you will find a list of the largest media groups in Norway, ranked according to annual turnover (operating revenue) in the Norwegian market. Data are based on the companies' annual accounts and web sites, and on information obtained directly from the companies' management. Turnover figures are based on group accounts: transactions between subsidiary companies in the same group has been eliminated and all revenue in subsidiaries is included. Until 2014 turnover in joint ventures was distributed between the owners, but due to new international accounting standards, revenue from joint ventures is excluded from 2014 onwards. The effect of this change varies between media groups, depending on the scale of co-ownership.

When turnover for Norway is not available, data are estimated based on information directly from the companies. Turnover in foreign currencies has been converted to NOK according to average exchange rates the relevant year. When ownership shares are not given, companies are wholly owned.
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Largest media groups in Norway 2020

Group Owners per 31.12. Media activities,
brand names
(mill. NOK)
(mill. NOK)
share (percent)
Egmont Fonden (Denmark) Self-owned foundation TV channels: TV 2. Books & magazines: Cappelen Damm 50%, Egmont Publishing. Film production/distribution/cinemas: Nordisk Film. Online:,, 7 886 16 503 48
- TV 2 Gruppen Egmont Fonden (Denmark) TV: TV 2, TV 2 Zebra, TV 2 Nyhetskanalen, TV 2 Livsstil, Sport 1 and 2, TV 2 TV 2 Play, Vimond, Screen Story (90%), RiksTV (50%). Online: 4 972 4 972 100
Schibsted Blommenholm Industrier (Tinius Trust) (26%), Folketrygdfondet (8%), State Street Bank and Trust Comp (3%) Newspapers: VG, Aftenposten, Aftenposten Jr, Bergens Tidende, Stavanger Aftenblad, 4 local papers, Polaris Media (29%). Online: E24. Online classifieds: (90%) 7 663 12 908 59
NRK The Norwegian state TV: NRK1, NRK2, NRK3/Super, NRK TV (web), RiksTV (50%). Radio: P1, P2, P3, mp3, Alltid Nyheter, P1+. Online: 5 893 5 893 100
Amedia Amedia Foundation Newspapers: 80 local newspapers, of which 7 are online only, 1 national online newspaper: Nettavisen. 3 404 3 643 93
Gyldendal Must Holding As (86%), Falck Frås AS (4%) Book publishing: Gyldendal Norsk Forlag, Tiden, Kolon. Book shops: Ark Bokhandel. Book distribution: Forlagssentralen (50%), Lydbokforlaget/Fabel (50%). Book clubs: De norske Bokklubbene (48,5%), 2 344 2 344 100
Polaris Media Schibsted (29%), NWT Gruppen AB (26%), Must Invest (15%), Bank of New York (5%) Newspapers: 44 regional and local newspapers. Online classifieds: (10%) 2 109 3 516 60
Nordic Entertainment Group (NENT Group) Norges Bank (8%), Swedbank Robur Funds (8%), Nordea Funds (8%) TV: TV3, Viasat 4, TV6, Allente (50%), Viaplay, Viafree. TV production: Strix, Monster, Rakett, Novemberfilm. Radio: P4, P5, P6, NRJ m.fl. Online: Splay Norge 1 883 12 274 15
Discovery Communications (USA) Advance/Newhouse Communications Corp. (24%), John Malone (Liberty Media) (21%) TV: TVNorge, Fem, Max, Vox, Discovery Channel, TLC, Eurosport Norge, Dplay, Eurosport Player 1 683 100 312 2
Aller (Denmark) Aller Foundation (>50%) Newspapers: Dagbladet. Magazines: Allers, KK, Se og Hør. Online: Dinside, Børsen, SOL, Lommelegen. 1 599 5 454 29
Cappelen Damm Egmont (Denmark) (50 %), Bonnier (Sweden) (50%) Book publishing: Cappelen Damm forlag, NorskeSerier, Flamme, Font, Fontini. Online: Storytel (50%), Book distribution: Sentraldistribusjon 1 308 1 308 100


Schibsted's spinoff and reduced ownership in the classified giant Adevinta i july 2020 resulted in a significant drop in the media group's total turnover.

NENT's turnover in Norway was significantly reduced in 2020. The reason is partly the merger between NENT's TV company Viasat and Telenor's TV distributor and partly the planned sale of NENT's TV production companies. In May 2020 Viasat was included in the new company Allente where NENT owns 50%. Becuse Allente is treated as an associated company it is not included in the turnover. NENTs TV production companies are not included because they were held for sale.

In 2019 Schibsted sold the newspaper Fædrelandsvennen and three smaller local papers to Polaris Media, but the transaction was not finalized until January 2020.

In 2019 MTG was split in two. The spin-off Nordic Entertainment Group (NENT) comprises MTG's TV and radio activities. NENT's shares were distributed among MTG's shareholders. Until 2018 the Stenbeck family controlled Modern Times Group (MTG) through the company Kinnevik. In August 2018 the company's shares in MTG was distributed among Kinnevik's shareholders. As a result the Stenbeck family's ownership was reduced to a small percentage.

The Aller Group's accounting period starts October 1 and ends September 30 the following year. Until 2016/2017 Aller's turnover in Norway is based on the annual report of Aller Holding in Denmark, recalculated from Danish kroner. From 2016/2017 the Norwegian turnover is based on information received directly from Aller Media Norway, in Norwegian kroner.

Where the owners' share of voting power differ from the share of capital, voting power is used.

Egmont Fonden is both a self-owning, charitable foundation and a business-operating company. Information about turnover in Norway is provided by Egmont's management.


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