Schibsted ASA to split into two companies, Tinius Trust to take over media business

OSLO, NORWAY: Schibsted ASA, the Norwegian media and online classifieds giant, has announced a major restructuring plan that will see its news media operations spun off into a separate company controlled by the Tinius Trust, the main shareholder of Schibsted. The trust, which was established by Schibsted heir Tinius Nagell-Erichsen in 1996 to safeguard the…