Alma Media Corporation Press release 1 October 2008
ALMA MEDIA ACQUIRES VUODATUS.NET BLOGGING SERVICE
Iltalehti Oy, part of Alma Media Group, has acquired the Finnish blogging service, Vuodatus.net. The seller and the founder of the service, Mr. Tuomas Rinta, will resign from Monster.fi and join Vuodatus.net as of 3 November 2008. The parties have agreed not to disclose the value of the transaction.
Vuodatus.net will continue to operate as independent blogging service. "The in-depth web expertise of both Iltalehti team and the entire Alma Media Group offers an excellent framework for further development and improved user experience for the users of Vuodatus.net", Tuomas Rinta says.
Vuodatus.net, founded in 2004, is a very popular blogging service, which is free for its users. The service is home to more than 50,000 blogs and 1.25 million blog posts. Some 1,500 new entries are posted in the service each day.
Iltalehti is the publisher for the third largest printed newspaper in Finland as well as for the most popular online media, Iltalehti.fi, which has regularly gained more than 1.5 million visitors weekly.
Petri Hakala, Editor-in-Chief, Iltalehti, tel. +358 10 665 2028
Tuomas Rinta, Vuodatus.net, tel. +358 10 665 2638
Alma Media in brief
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.fi