(AP) Jyllands-Posten A/S newspaper group’s board approved a merger with Politiken A/S Thursday, creating Denmark’s largest media group.
The combined companies, which have yet to adopt a new name, will have annual sales of about $356 million. Each is owned by private foundations that will equally control the publishing holding company.
The merger, which takes effect on Jan. 1, should help form “an effective media group” in Denmark’s media market, Jyllands-Posten A/S said in a statement. Politiken’s board approved the deal Wednesday
Both companies said the merger won’t affect the editorial independence of its three daily newspapers, Jyllands-Posten, Politiken, and Ekstra Bladet.
Jyllands-Posten and Politiken, Denmark’s largest and third-largest dailies, have a daily circulation of 180,000 and 142,000, respectively. The Politiken group also publishes Ekstra Bladet, the Scandinavian country’s second largest tabloid, with a print run of 119,300.