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'''''Nyhedsavisen''''' (literally ''The News Paper'' [sic] or ''The News Newspaper'') is a [[Denmark|Danish]] [[free daily newspaper]] owned by [[LundXY]]. The first issue was published on [[October 6]], [[2006]].<ref>{{da icon}} {{cite web|year=2006|title=Nyhedsavisen sætter dato på|author=''[[Berlingske Tidende]]''|url=http://www.berlingske.dk/forside/artikel:aid=781516:fid=100101038/}}</ref>
At its inception, the paper was owned by the Icelandic [[Baugur Group]], with minority stakes held by a number of co-founders, including [[Morten Lund]]. However, in January 2008, Baugur decided to sell Lund a 51% majority share of Dagsbrun Media, the holding company for the newspaper.[10] It is believed that Lund and his business partner, Morten Wagner of Freeway - owner of social networking sites dating.dk and arto.dk - bought the stake for a single Danish crown.
Detractors have pointed out that Nyhedsavisen suffered with funding issues from the outset; at launch, analysts were concerned that Baugur's £4.5m investment was too small to keep it afloat. It was also reported in the Danish press that the newspaper lost 20m Danish crowns (€56m) over the course of 2007, before Lund's takeover. However, under his stewardship it has officially claimed the position of most widely read newspaper in Denmark, with a daily circulation of 551,000.
==See also==
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