Alma Media has no intention to divest its newspapers

Alma Media Corporation  Press release  15 August 2008

 

It has been claimed in the Finnish media that Alma Media Group would consider divesting some of its newspapers.

 

Alma Media confirms that it will continue to develop its business in line with its business strategy. Cooperation among Alma Media’s newspapers and online services is an essential part of the strategy. Every single newspaper of Alma Media has a central role in this cooperation, and Alma Media has no intention to divest them.

 

“Alma Media’s success in recent years is based on strong cooperation among our units. Our vision is to be the winning team in newspaper and online media, and we aim to further strengthen and enhance our operations. In developing newspapers and online services, joint resources and shared expertise in accordance with our chained model of operations is the best guarantee for success also in the future”, states Kai Telanne, President and CEO of Alma Media.

 

 

Alma Media Corporation

 

Rauno Heinonen

Vice President, Corporate Communications and IR

 

For further information, please contact:

Kai Telanne, President and CEO, tel. +358 10 665 3500

 

 

 

Alma Media is a profitably growing and internationally expanding company that invests in the future of newspapers and online media. Its best known products are the Aamulehti, Iltalehti, Kauppalehti and Etuovi.com.

Net sales in 2007 totalled EUR 329 million and the operating margin was over 19%. The company’s share is listed in the Mid Cap segment of the OMX Exchange’s Nordic List, trading code ALN1V. Read more: www.almamedia.com.