Alma Media to start personnel negotiations at Pohjois-Suomen Media

Alma Media Corporation   Press release   August 17, 2010 at 10.00 (EEST)

ALMA MEDIA TO START PERSONNEL NEGOTIATIONS AT POHJOIS-SUOMEN MEDIA

Pohjois-Suomen Media Oy, Alma Media’s subsidiary that publishes regional, local and town papers in Northern Finland, starts statutory personnel negotiations affecting all its employees. According to the tentative view of the company, its number of employees may reduce by 27 man-years at the maximum due to the planned actions. In 2009, Pohjois-Suomen Media Oy had approximately 230 employees.

The negotiations concern the planned reorganising and rationalising of the operations of Pohjois-Suomen Media Oy. The target for the reorganisation is to improve the competitiveness of the company and its products.

Among other things, the company is currently working on a renewal project concerning its three regional newspapers, Lapin Kansa, Pohjolan Sanomat and Kainuun Sanomat. The outcome of the project includes one joint editorial office for the papers, supported by three local offices, one for each title. The aim of the project is to improve the journalistic renewal ability, quality and service both for readers and advertisers.

For further information, please contact:

Matti Ilmivalta, Managing Director, Pohjois-Suomen Media Oy, tel. +358 10 665 7861

Alma Media in brief

Alma Media is a profitable and innovative media company with a focus on newspapers and online services. Its best known products are the Aamulehti, Iltalehti, Kauppalehti and Etuovi.com.

Alma Media’s net sales in 2009 totalled MEUR 307.8 with an operating margin of 13.5 per cent. The company’s share (ALN1V) is listed in the NASDAQ OMX Helsinki Exchange. Read more at www.almamedia.fi.

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