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Schibsted Rules Out Purchases Outside Scandinavia, CEO Tells FT

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May 31 (Bloomberg) -- Schibsted ASA Chief Executive Officer Rolv Erik Ryssdal said the Oslo-based newspaper group, which also owns free newspapers in France and Spain, doesn’t plan to purchase any newspapers outside Scandinavia, the Financial Times reported, citing an interview with Ryssdal. The company’s future use of capital will be “disciplined,” while publishers of print titles face a “race against time to find new business models,” the FT cited Ryssdal as saying.

To contact the reporter on this story: Blanche Gatt in London at bgatt@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net.

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