Montgomery acquires Norwegian media group

David Montgomery has added another group to his mini-media empire in Europe. His Mecom company has - as anticipated - agreed to buy into Orkla Media, the Norwegian group with interests in Scandinavia, Poland, the Baltic States and Ukraine. The fifth-largest media company in the Nordic region, it has an array of local newspapers across Norway and Sweden, and is the largest press company in Denmark. Though financial details have not been released, analysts have valued Orkla at more than £700m. In less than a year Mecom has acquired the German publishing group Berliner Verlag, the second largest daily paper in Hamburg, Hamburger Morgenpost, and the Dutch group LMG. Clearly, Monty is on his way to media moguldom. (Via media.theguardian.com)