Bonnier News - Äripäev

Äripäev Joins Protest Against Proposed Law in Estonia

Estonia's major dailies joined together to protest a recent proposal by the current government that would affect freedom of the press.

On March 18, the front pages of the largest Estonian morning paper Postimees, the largest tabloid Ohtuleht and the largest business daily Äripäev, as well as one inner page in three other major national papers, were all published blank as a sign of protest.

Estonian journalists and newspapers are protesting against a step taken by the Estonian government, which sent to parliament a draft bill which in effect seeks to silence free press in the country.

"Estonia currently holds a high positi

Investigative Reporting Wins Bonnier Award in Estonia

The Bonnier Award, Estonia's biggest journalism prize, goes to Äripäev staff reporter Piret Reiljan.

Äripäev staff reporter Piret Reiljan won Estonia's oldest and most prestigious journalism prize, the Bonnier Award, given to the best investigative story of the year. Worth SEK 40,000, the Bonnier Award in Estonia was first given out in 1996.

Reiljan received the award for her story on Swedbank's conflict of interests, when the bank invested its pension funds' clients' money into bonds of enterprises that were getting loans from Swedbank itself.

Äripäev: In the Black and Gaining Market Share

How the dominant Estonian daily business newspaper is staying profitable through the harshest economic conditions in its history

In 2007, Äripäev enjoyed their most successful year ever, with a turnover of 14.5MM EUR and a profit margin of 20%. So what did they do next? They started laying people off.

"The outlook was very dark, and we were one of the first companies to start to fire people, thank God," says Äripäev Editor-in-Chief Meelis Mandel.

It may have seemed untoward at the time, but as everyone now knows, their preemptive measures proved prescient.