Swedish newspaper launches Web product

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Dagens Nyheter, the Swedish daily newspaper owned by the Marieberg publishing group, plans to invest $15m to develop what it claims will be Scandinavia's biggest Internet operation. "Our target is to break even after three years," says project leader Thomas von Otter.

One part of the advertising-financed service will cover coming events in Stockholm, ranging from restaurants and movies to art exhibits. Dagens Nyheter also plans to create a news service, modeled on the U.S. service, PointCast, which allows the reader to select the news they want to read.

Copyright February 1997, Crain Communications Inc.

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