Danish investor Morten Lund has bought a 51 percent stake in Icelandic holding company Dagsbrún Media.

The company publishes Danish free newspaper Nyhedsavisen, from Baugur Group.

Baugur does hold other shares in Dagsbrún, however, according to a Fréttabladid report posted on Iceland Review Online. The report also states that according to Lund, Nyhedsavisen has been part of the revolution of the media world.

Dagsbrún is also behind U.S. free daily BostonNOW, which launched last year. The firm also has plans for ten more American papers, according to The Economist, in an article Thursday.

Lund is one of the founders of online telephone company Skype, which was sold to eBay in October 2005 for €2.8 billion (US$4.1 billion).