Telegraaf to sell stake in Wegener

The Telegraaf Media Group has agreed to sell its 24% stake in newspaper publisher Wegener to European paper group Mecom for €158.9m.

Mecom already owns two regional Limburg papers.
Analysts say the sale reopens speculation about the future of Wegener. The Telegraaf has been unable to expand its Wegener stake because of Dutch rules on media ownership.
Meanwhile PCM, the Netherlands other major newspaper group, said on Thursday it has agreed to sell its interest in Arrow radio, which it bought less than a year ago, back to company founder Ad Ossendrijver because of the lack of synergy with its other activities.

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