Alma Media sells Pohjois-Pohjanmaa local newspapers to Kaleva

Alma Media Corporation                  Press release               24 August 2017 1.00 pm 

ALMA MEDIA SELLS POHJOIS-POHJANMAA LOCAL NEWSPAPERS TO KALEVA 

The local newspapers published by Alma Media in Pohjois-Pohjanmaa will transfer into the ownership of Kaleva’s subsidiary Kaleva365 Oy from the beginning of October 2017. In the transaction, the owners of the Raahen Seutu and Raahelainen papers published in Raahe and the Pyhäjokiseutu paper published in Oulainen will change. The parties have agreed not to disclose the price of the transaction. The transaction has no impact on the result of Alma Media Group.  

Raahen Seutu is a local subscription paper published three times a week, Raahelainen is a weekly town paper, and Pyhäjokiseutu is a weekly local subscription paper. The aggregate revenue of the papers in 2016 was EUR 2.6 million. The newspapers’ employees will be transferred to the new owner as old employees. The number of employees of the papers to be sold is 19. 

Kaleva365 Oy is a subsidiary of Kaleva Oy engaged in media business.  

Alma Media Kustannus Oy publishes Alma Media Group’s regional, local and town papers. Its best-known brands are Aamulehti, Satakunnan Kansa and Lapin Kansa. 

Further information: 

Kari Juutilainen, Managing Director, Alma Media Kustannus Oy, tel. +358 50 435 4159
Juha Laakkonen, Managing Director, Kaleva Oy, tel. +358 40 762 5480

Alma Media in brief 

Alma Media is a media company focusing on the service business and journalistic content. The company’s best-known brands are Kauppalehti, Talouselämä, Affärsvärlden, Iltalehti, Aamulehti, Etuovi.com and Monster. Alma Media builds sustainable growth for its customers by utilising the opportunities of digitality, including information services, system and expert services and advertising solutions. Alma Media’s operations have expanded from Finland to the Nordic countries, the Baltics and Central Europe. Alma Media employs approximately 2,300 professionals (excluding delivery personnel), of whom approximately 30% work outside Finland. Alma Media’s revenue in 2016 was EUR 353.2 million. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.com. 

Kaleva in brief 

Kaleva is a modern multimedia company whose subsidiary Kaleva365, a company focused on media business, produces content and services that are interesting and get people talking, in print and digital formats and for both consumers and business customers. Kaleva Group employs approximately 450 media industry professionals. The company’s revenue in 2016 was EUR 52.9 million.

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