ALMA MEDIA CORPORATION PRESS RELEASE 14 AUG 2007, at 9.00
ALMA MEDIA DIVESTS THE BUSINESS OF KAINUUN SANOMAT SHEET PRINTING HOUSE
Alma Media has sold the sheet printing business of Kainuun Sanomat Oy, together with its machinery and equipment, to KS Paino Oy. The employees of the printing house will continue in the employment of the new owner with existing status and benefits. The deal will become effective on August 15, 2007.
Alma Media sold the business operations of the newspaper printing house of Kainuun Sanomat Oy in June this year. As the newspaper printing business, the sheet printing operations now sold will continue on its present premises in Kajaani. The sheet printing house's products include interest group magazines, books and advertising products.
"This deal concludes the outsourcing of Kainuun Sanomat's printing business, which is necessary to continue printing operations in Kajaani", says Matti Ilmivalta, Managing Director, Alma Media Northern Newspapers business unit.
Matti Ilmivalta, managing director, Alma Media Northern Newspapers, tel. +358 40 728 3180.
Helsinki Exchanges, principal media
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 2006 totalled EUR 302 million and the operating margin was 16 %. 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 http://www.almamedia.fi/home.