BRIEF-Schibsted says soft sales at the start of Q4

OSLO Nov 13 (Reuters) - Schibsted (SBST.OL) said on Friday:

* Profitability programme has had an effect of NOK 300 mln in Q3

* Continuing work with freeing up capital

* Market for print classified ads in Scandinavia expected to remain weak

* Start of Q4 has been somewhat soft in terms of sales, sees higher cost level

* Expects reduced newsprint prices in 2010 vs 2009

* Repeats investments in organic growth seen just under NOK 150 mln in 2009

* Repeats cost cutting programme of NOK 1 bln in 2009, NOK 1.6 bln by end 2011

(Reporting by Oslo newsroom)