Watch Medier is expanding its Norwegian portfolio with the acquisition of the two digital subscription media Medier24 and KOM24.
Medier24 and KOM24 cover the media and communications industries, respectively, and the business has been Norway’s fastest growing media business four years in a row. The media were previously owned by Erik Waatland, who will continue as editor-in-chief until his successor has been recruited.
Watch Media is part of JP/Politiken Media Group, which owns the Danish newspapers Jyllands-Posten, Politiken and Ekstra Bladet, among others. Since 2010, Watch Media has launched 16 digital industry media in Denmark, two in Germany and one in Sweden. In Norway, the business has so far established seven online newspapers.
Accura advised JP/Politiken Media Group in connection with the transaction.