In 2023, four of the five largest media companies in the Nordic region by revenue were telecommunications companies. The single largest company was once again the Swedish streaming service Spotify, followed by Telia Company and Telenor. Although both Telia Company and Telenor are publicly listed, the Swedish and Norwegian states remain the largest individual shareholders in these former incumbent companies. 8 of the 25 largest media companies are under direct or indirect state control. In addition to Telenor and Telia Company, this includes six national public service companies.
Among the notable ownership changes in 2023–2024 is Viaplay Group’s revised ownership structure, with French Canal Plus and Czech PPF Group now holding significant shares.
The Nordic newspaper market has seen significant ownership concentration in recent decades. In 2023, the ten largest newspaper companies in the Nordic region published approximately 480 newspapers combined, with Sweden’s Bonnier News emerging as the biggest player, with a revenue of 853 million euros. Other major players included Norway’s Schibsted News Media, Finland’s Sanoma Media, and Denmark’s JP/Politikens Hus.
From an economic perspective, 2023 was a tougher year for the industry compared with the previous year. Six of the ten largest newspaper companies reported positive results, but profit margins were generally weaker.
In February 2025, Schibsted Media acquired Telia Company's television operations, TV4 in Sweden and MTV in Finland.
Read the factsheet “The 25 largest media companies in the Nordics by revenue (2023)”
Read the factsheet “The 10 largest newspaper companies in the Nordics by revenue (2023)”