Alma Media Corporation Press release December 18, 2012 at 12:00 (EET)
ALMA MEDIA AND ILKKA-YHTYMÄ ENTER EXTENSIVE CONTENT COOPERATION OF REGIONAL NEWSPAPERS
Alma Media's regional and local paper unit Alma Regional Media and the newspapers Ilkka and Pohjalainen, parts of Ilkka-Yhtymä Oyj, have entered a deal initiating a wide-ranging operational collaboration covering content and development. The initiative, first announced in August 2012 on the basis of a letter of intent, has been now formally agreed upon. The cooperation will gradually commence at the beginning of 2013.
The parties have also started discussion to widen the cooperation, in the extent to be agreed separately, to cover also the newspapers published by Keskipohjanmaan Kirjapaino Oyj, Kaleva Oy ja TS-Yhtymä Oy.
The collaboration aims at improving the editorial quality of the newspapers, increasing operational efficiencies, accelerating development activities and developing the papers' editorial reciprocity. The collaboration covers the Helsinki editorial office and other nationwide journalism, the weekend pages and various supplements, radio and TV journalism, utility journalism, foreign news service as well as cultural, sports and online journalism. In addition, the agreement includes a wide range of educational and development activities covering journalism as well as the product development of both printed papers and online services.
For further information, please contact:
Kari Juutilainen, SVP, Alma Regional Media, tel. +358 50 4354159
Jouko Jokinen, Executive Editor-in-Chief, Aamulehti, tel. +358 50 3669213
Matti Korkiatupa, CEO, Ilkka-Yhtymä Oyj, puh. +358 500 162 015.
Alma Media in brief
Alma Media is a dynamic media company whose best-known products are Aamulehti, Iltalehti, Kauppalehti and Etuovi.com. Alma Media employs approximately 3,000 professionals. The company's revenue in 2011 totalled MEUR 316.2 with an operating margin of 13.3 per cent. Alma Media's share (ALN1V) is listed in the NASDAQ OMX Helsinki Exchange. Read more at www.almamedia.com.