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Alma Media Oyj (HEL:ALN1V) Alma Media Corporation Press release 31 October 2008
ALMA MEDIA MERGED THE PUBLISHING COMPANIES OF ITS NORTHERN NEWSPAPERS
The publishing companies of Alma Media's three regional newspapers in northern Finland, Kainuun Sanomat, Pohjolan Sanomat and Lapin Kansa, have been merged into a new company named Pohjois-Suomen Media Oy. The merger was implemented in accordance with the plan disclosed in May 2008 and it has been entered into the Trade Register today. The merger will not affect the independent publishing of the newspapers published by Pohjois-Suomen Media Oy.
The merger aims at streamlining the organisational structure and standardising financial and other internal administrative processes of the newspapers. It also allows for more flexible development of the cooperation between the newspapers. The merger has no direct effects to the employees.
For more information, please contact: Matti Ilmivalta, Managing Director, Alma Media's Pohjois-Suomen Media Oy, tel. +358 10 665 7861
Alma Media in brief
Alma Media is a profitably growing and internationally expanding company that invests in the future of newspapers and the online media. Its best known products are Aamulehti, Iltalehti, Kauppalehti and Etuovi.com.
Net sales in 2007 totalled EUR 329 million and the operating margin was above 19 %. The company's share is listed in the Mid Cap segment of the OMX Nordic Exchange's Nordic List, trading code ALN1V. More information at www.almamedia.fi
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
