ALMA MEDIA CORP. PRESS RELEASE May 8th, 2008
ALMA MEDIA SIMPLIFIES THE COMPANY STRUCTURE OF ITS NORTHERN NEWSPAPERS
The publishing companies of Alma Media's three regional newspapers in northern Finland, Kainuun Sanomat, Pohjolan Sanomat and Lapin Kansa, will be merged. The merger will not affect the independent publishing of these newspapers.
The merger aims at streamlining the organisational structure of the Northern Newspapers business unit of Alma Media, and allows for more flexible development of the cooperation between the newspapers. The merger is planned to take place in late 2008.
The change is estimated not to have any effects to the personnel, but would bring savings from the development of financial and other internal administrative processes.
For more information, please contact:
Matti Ilmivalta, managing director, Alma Media Northern Newspapers, tel +358 3200 212
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