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The Guardian - UK
The Guardian - UK
Business
Roy Greenslade

Danish free in trouble before its launch

The rush to publish new free papers in Denmark has had an early casualty. Even before a single issue of a free daily, Nyhedsavisen, is printed, its Icelandic publisher, Dagsbrún, says more investors are needed. According to the company, its financial problems are due to the falling value of the Icelandic kronur. Financial analysts in Iceland are not so sure, arguing that Dagsbrún's initial DKK 50m (£4.5m) investment was far too small. It is also facing fierce competition, with two long-term frees already in the field, three more - Dato, metroXpress and Centrum Aften - recently launched, and two more being prepared for publication. (Via Copenhagen Post)

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