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Family rescued from bankruptcy

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David Carter
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Johanna Öberg, CEO of the Stampen media.

Stampen present their restructuring plans on Monday morning after the media group's financiers did not accept the future financing plan for the operation a month ago.

Read also: Kris Spirit Stampen applies for reorganization

On Monday 23 May, the media group Stampen the application for company for 16 of the Group companies, including Modern women media was one of them.

According to a written notice stating the Stampen that while the company reorganization has been going so modern women media implemented necessary cost-reduction measures and come to grips with its balance sheet.

It is important to understand that this reconstruction is about our balance sheet - not about our underlying businesses, and doing better than ever.

Last month, we increased the number of page views with a total of 50 percent and revenues by 26 percent compared with the same month last year.

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David Carter
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