Alma Media acquires Lounais-Lappi

Alma Media Corporation              Press release           14 June 2013 at 13.30


ALMA MEDIA ACQUIRES LOUNAIS-LAPPI

Lounais-Lappi, a twice-weekly town paper published in the Kemi-Tornio area, is changing ownership. Forum24 Oy, a subsidiary of Kaleva Group, has sold the entire share capital of Julkaisupalvelu Lounais-Lappi Oy to Alma Media Corporation. The transaction does not affect the operations of Lounais-Lappi.

Alma Regional Media publishes the daily regional newspaper Pohjolan Sanomat in the same economic area.

– Lounais-Lappi is a well-managed town paper with a strong editorial team. It is an excellent complement to our service offering in the Sea Lapland area. The paper will continue to be published twice a week, on the same days as before, says Kari Juutilainen, Senior Vice President, Alma Regional Media.

The ownership of Lounais-Lappi will be transferred to Alma Media on 14 June 2013. The parties have agreed not to publish the price of the acquisition. Lounais-Lappi has 10 employees, all of whom will be transferred to Alma Media.

Alma Regional Media publishes five newspapers, 17 local subscription papers and 10 town papers across Finland.


For more information, please contact:

Kari Juutilainen, Senior Vice President, Alma Regional Media, tel. +358 50 4354159
Jukka Haapalainen, Managing Director, Kaleva Oy, tel. +358 400 450 671


Alma Media in brief

Alma Media is a media company focusing on digital services and publishing. In addition to news services, the company’s products provide useful information related to lifestyle, career and business development. The services of Alma Media have expanded from Finland to the Nordic countries, the Baltics and Central Europe. The company employs approximately 1,900 professionals (excluding distributors), of whom over 20% work outside Finland. Alma Media’s revenue in 2012 totalled approximately MEUR 320. Alma Media’s share is listed on NASDAQ OMX Helsinki. Read more at www.almamedia.com

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