INTERIM REPORT JANUARY-SEPTEMBER 2000
ALMA MEDIA CORP. STOCK EXCH. RELEASE 7.11.2000, 8.30 am (EET)1(20)
INTERIM REPORT JANUARY-SEPTEMBER 2000
Alma Medias net sales between January and September totalled MFIM
2 080 (MFIM 2 112 in 1999) and the operating profit was MFIM 67
(120). Significant reasons for the decrease in operating profit
were the investments in the New Media business group, Alprints
restructuring costs, the investment in the new cable channel, and
MTV3 Channels reduced advertising revenue. The Groups operating
profit for the fourth quarter and for the full year will be
clearly lower than last years level mainly relating to MTV.
KEY FIGURES MFIM January-September 1-12
2000 1999 1999
Net sales 2 080 2 112 2 911
Operating profit 67 120 188
-as of net sales (%) 3.2 5.7 6.5
extraordinary items (%) 60 109 173
-as of net sales 2.9 5.2 5.9
Equity ratio (%) 50 51 52
Gearing (%) 57 54 40
on fixed assets 168 177 253
on average 3 150 3 138 3 108
per share (FIM) (diluted) 2.71 5.03 7.15
Earnings per share (basic)(FIM)2.76
MEUR January-September 1-12
2000 1999 1999
Net sales 350 355 490
Operating profit 11 20 32
extraordinary items 10 18 29
on fixed assets 28 30 43
Earnings per share (EUR)
(diluted) 0.46 0.85 1.20
Earnings per share (basic)(EUR)0.46
Alma Media Group
Alma Media is a mass media group. Its core businesses are
newspaper publishing, television and radio broadcasting, the
production and distribution of business information, Internet-
based information and entertainment services, and printing. Alma
Medias strategy is to own and manage its customer relationships
in all its content distribution channels.
At the beginning of September Alma Media formed its business
information activities into a separate business group called
Business Information Group (BIG). BIG consists primarily of Kauppa
lehtis products and business operations. The comparable 1999
figures for Alpress have been amended to correspond with the
new business group organisation that came into effect on 1
September 2000. The printing operations of Kainuun Sanomat Oy and
Pohjolan Sanomat Oy were included under Alpress in 1999 and under
Alprint since the beginning of 2000. The net sales and operating
result of the New Media business group are not derived from the
legal structure of the organisation; New Medias figures also
include Alpresss on-line publications and BIGs Internet
services. Overlaps between Alpress, BIG and New Media are
eliminated under group entries.
Overview of operations between January and September
Alpress continued to develop well. Advertisement revenue increased
6 % and circulation revenue 2 %. Kauppalehti was separated from
this business group at the start of September and formed into the
Business Information Group. Alma Medias newspaper printing
operations will be included under Alpress from the beginning of
2001. Inclusion of newspaper printing operations will not
materially affect to Alpress newspapers profitability.
MTVs share of total viewing time was 40 % (42 %) and its share of
total television advertising in Finland was 76 %(84 %). The
associated company TV4 AB in Sweden showed further good
performance. Radio Novas net sales and result developed
positively during the summer months. MTV Oy started up the cable
channel TVTV! in February. This channel has distribution contracts
with almost all cable television companies in Finland. MTV3
Channels net sales were MFIM 33 lower than in the equivalent
period last year. Measures have been started to streamline its
Business Information Group (BIG)
The production and distribution of business information is one of
the fastest growing segments of the media business. The Business
Information Group started operating in September. In the same
month BIG launched a new cross-media product called Saldo, a
weekly newspaper, television programme and Internet service for
private investors. In a second significant launch, BIG introduced
an Internet service for monitoring mutual funds. During the period
BIG also acquired Balance Consulting Oy, a company specialising in
This business groups net sales rose 194 % to MFIM 53. The number
of registered users of Alma Medias Internet services exceed
850 000 in October. Alma Media launched its own operator-
independent mobile portal in May. In September Alma Media
announced a project to market broadband Internet access using ADSL
technology. Alma Media, KPNQwest and Cisco will begin offering
these broadband connections to private individuals from the
beginning of 2001.
In the future, Alprint focuses on printing A4 heatset products and
on digital asset management. Heatset printing was concentrated in
a single expanded printing unit during the period and two heatset
printing plants were closed. Alma Media also closed the Kemi
newspaper printing plant and transferred printing of the Pohjolan
Sanomat newspaper to the Rovaniemi printing plant. In June Alprint
cancelled its newspaper printing press investment at the Vantaa
printing plant and decided to discontinue production of hybrid
newspapers. The company has also decided to reorganise its sheet
printing activities. Owing to these measures Alprint will record a
loss for the full year but its operations will be profitable from
the start of the new year.
Performance between July and September
The accrual of Alma Medias net sales and profits during the year
is subject to considerable seasonal fluctuation owing to the
nature of the media business. In this respect the second and
fourth quarters are clearly more significant than the first and
third quarters. During the summer months, revenues from newspaper
advertisements and television advertising time can total less than
half of the revenues received during the best months.
Alma Media recorded consolidated net sales between July and
September of MFIM 632 (July-September 1999: MFIM 638)and an
operating loss of MFIM -6 Mmk (23). Alpress, New Media and BIG
raised comparable net sales while the comparable net sales of
Alprint and Broadcasting declined.
Alpresss operating profit decreased slightly because the
equivalent period last year included the Kemi and Kajaani printing
operations. BIGs operating profit declined somewhat as a result
of the costs of its new Saldo cross-media service. Broadcastings
net sales were MFIM 8 million lower than in the same period last
year and its profitability was adversely affected by further
investments totalling approx. MFIM 9 in the new cable channel.
Alprints result was burdened by restructuring costs. New Medias
operating margin improved but this business unit reported an
operating loss of MFIM 15 owing to increased net sales and a
heavy increase in marketing expenditure.
Other income totalled MFIM 20 (15) of the Groups operating result
and its share of associated companies results was MFIM 2 (-8).
NET SALES BY BUSINESS GROUP (MFIM)
2000 1999 % 1999
Alpress*) 260 258 1 1 069
BIG 51 47 9 232
Broadcasting 195 203 -4 1 064
New Media**) 17 5 240 29
Alprint 186 186 - 786
Parent company 22 15 47 63
Intragroup net sales -99 -76 30 -332
Total 632 638 -1 2 911
OPERATING PROFIT/LOSS BY BUSINESS GROUP (MFIM)
2000 1999 % 1999
Alpress*) 33 35 -6 123
BIG 7 8 -13 49
Broadcasting -28 -9 -211 48
New Media**) -15 -7 -114 -28
Alprint -1 0 - 0
Parent company -5 -5 - -9
Group entries 3 1 - 5
Total -6 23 -126 188
(* The Business Information Group (BIG) started operating on 1
September 2000. The Alpress and BIG figures in the comparable
periods have been adjusted for the current corporate structure.)
(** New Medias net sales and results of operations are not
derived from the legal structure of the organisation. Overlaps
between Alpress, BIG and New Media are eliminated under Group
Performance between January and September
NET SALES BY BUSINESS GROUP (MFIM)
2000 1999 % 1999
Alpress*) 793 788 1 1 069
BIG 179 161 11 232
Broadcasting 718 751 -4 1 064
New Media**) 53 18 194 29
Alprint 576 587 -2 786
Parent company 68 47 45 63
Intragroup net sales -307 -240 28 -332
Total 2 080 2 112 -2 2 911
OPERATING PROFIT/LOSS BY BUSINESS GROUP (MFIM)
2000 1999 % 1999
Alpress*) 96 95 1 123
BIG 37 31 19 49
Broadcasting -8 13 -161 48
New Media**) -36 -18 -100 -28
Alprint -14 4 -450 0
Parent company -17 -7 143 -9
Group entries 9 2 350 5
Total 67 120 -44 188
Consolidated net sales between January and September totalled MFIM
2 080 (2 112). Net sales rose 1 % in Alpress, 11 % in BIG, and 194
% in New Media. Net sales decreased 4 % in Broadcasting and 2 % in
Alprint. The main reasons for the decrease in net sales were,
respectively, a 7 % decline in sales of advertising time by MTV
a temporary reduction in sales of heatset products resulting from
restructuring in Alprint.
The Group reported an operating profit of MFIM 67 (120) for the
first nine months of the year. Alpresss operating profit was
slightly better than one year earlier, while BIGs operating
profit showed clear growth. Broadcastings result of operations
declined by MFIM 21 owing to a reduction in sales of advertising
time and to higher investment expenditure. New Medias operating
margin improved. Its costs were increased by a sharp rise in
marketing expenditure on items including the new Port Alma mobile
portal opened in May, the free Internet connection MTV3ISP, the
Punainen Tori marketplace for private consumers, and the SeOikea
(The Right One) Internet dating service. These marketing measures
achieved a strong increase in the number of on-line users.
Alprints operating profit was adversely affected by restructuring
costs during the reporting period.
Other operating expenses and depreciation amounted to MFIM 2 062
(2 022), which included depreciation totalling MFIM 124 (129).
Expenses during the period were increased by the Port Alma mobile
portal, sales of the ADSL broadband access together with KPNQwest
and Cisco, and the start-up of the new digital asset management
company KCRnet Oy.
Net financial expenses came to MFIM 7 (11). MFIM 18 (33) in taxes
was deducted according to the current tax rate. The net profit for
the period was MFIM 29 (79) and earnings per share (diluted) were
FIM 2.71 (5.03).
The balance sheet totalled MFIM 2 566 at the close of September
(MFIM 2 521 on 31 December 1999). The equity ratio was 50 % (52 %
on 31 December 1999) and shareholders equity per share was FIM
76.81 (FIM 79.00 on 31 December 1999).
Approximately MFIM 400 was transferred from long-term liabilities
to short-term liabilities in the balance sheet to cover the single
repayment in spring 2001 of the loans raised to finance the
acquisition of the shares in the Swedish company TV4 AB. These
loans will be refinanced with a new long-term loan.
Capital expenditure totalled MFIM 168 (177) and included MFIM 47
for production machinery investments in Alprint and MFIM 25 for
shares in various new media companies. The remainder covered share
acquisitions in Group companies and normal expenditure on
replacement and maintenance items. The decision to cancel the MFIM
140 newspaper printing press investment at Vantaa will release
MFIM 50 of funds budgeted for the current year for other purposes.
The Group had MFIM 67 (84) in cash reserves at the close of the
period. Interest-bearing loans amounted to MFIM 750 (MFIM 631 on
31 December 1999). Gearing was 57 % (40 % on 31 December 1999).
Mr Pekka Niemiaho was elected to Alma Media Corporations
Supervisory Board in place of Mr Vesa Kallionpää. Mr Veli Kalle
Tavakka resigned from the Supervisory Board at his own request.
The chairman of the Supervisory Board is Mr Björn Mattsson and the
deputy chairman is Mr Paavo Pitkänen.
The Alma Media share
Altogether 913 000 (658 000) Series I shares and 3 584 000
(3 316 000) Series II shares were traded during the first nine
months of the year. The companys market capitalisation at the
close of the period totalled MEUR 525 (357). Alma Medias Board of
Directors has no authorisations to raise the share capital.
Price (EUR) Highest Lowest 30 Sept. 2000
Series I 65.00 27.00 31.50
Series II 70.00 27.00 34.80
In 1999 the company offered bonds with warrants to its employees
totalling FIM 1,220,000. The bond warrants may be exercised to
subscribe for altogether 610,000 Alma Media Corporation Series II
The warrants are marked A and B. The share subscription price of
the A warrants is the weighted average price of Alma Media
Corporations Series II share on the Helsinki Exchanges in October
1999 plus 12 %, and in the case of the B warrants, the weighted
average price of Alma Media Corporations Series II share on the
Helsinki Exchanges in October 1999 plus 28 %. Share subscription
with the A warrants may begin on 28 May 2001 and with the B
warrants on 28 May 2003. In both cases the share subscription
period will end on 30 June 2006.
Alprint continued restructuring its operations in line with its
business strategy. At the end of September Alprint sold its sheet
printing plant in Helsinki to this units operative management.
The unit has annual net sales of MFIM 15. Alprint has also started
negotiations with personnel at its Tampere and Kajaani sheet
printing plants to evaluate the possibilities for restructuring at
these plants. It is planned to transfer some of the machinery and
personnel of the Tampere sheet printing plant to the Rahola
heatset plant and part of the plants personnel and operations to
an outside company. Alprint is studying the possibility of
divesting the Kajaani sheet printing plant. The Tampere and
Kajaani plants have altogether about 60 employees.
A multi-year printing contract was signed with Keskisuomalainen
Oyj in October covering printing of Kauppalehti and Iltalehti.
According to the agreement Keskisuomalainens printing plant in
Jyväskylä will print almost half of the Tuesday to Friday editions
of Kauppalehti. The remainder will be printed by Aamulehti in
Tampere. These changes will make full four-colour printing of
Kauppalehti possible. Iltalehti has partly been printed in
Jyväskylä since spring 1998.
Mr Jorma Sairanen was appointed Vice President Programming at MTV3
Channel in October. He will take up this position by 1 May 2001.
After this date Mr Tauno Äijälä will continue as Executive Vice
President of MTV Oy and a member of its board of directors with
responsibility for MTV Oys domestic and international television
In October Alma Media announced the decision to establish a new
company, KCRnet Oy, concentrating on the management of digital
assets. The company, which will operate on the Internet, will
serve fast-moving consumer goods companies, packaging industry and
retail customers in Finland and abroad. Alma Media owned 100 % of
the company at the time of its establishment. KCRnet Oy is a
product of Alma Medias own research and development that has been
developed into a global operating concept. The companys initial
share capital totals MFIM 12. The intention is to broaden its
ownership base later through share issues to international
corporations. KCRnet provides an Internet solution for managing
digital marketing communications assets and for designing consumer
packaging. The new service will help companies to manage their
marketing communications, media advertising and packaging design
processes more easily and efficiently, both internally and
together with their business partners.
Mr Mikko Räisänen MSc. (Eng.) (47) was appointed to Alma Medias
Group Executive Board from 1 November 2000 with responsibility for
developing Alma Medias Digi-TV and broadband businesses and for
their media marketing. Mr Räisänen will also sit on the internal
boards of directors of the Broadcasting and New Media business
groups. He will report to Matti Packalén President and CEO of Alma
Prospects to the year end
Alpresss net sales and operating profit are expected to reach
last years levels. BIGs net sales and operating profit will
clearly exceed last years figures. New Medias net sales are
expected to more than double and its operating margin to improve.
Broadcastings net sales will remain roughly MFIM 50 below last
years level and its operating profit will be almost zero. A
programme of streamlining measures initiated in MTV to raise cost
efficiency will start to become visible in its cost structure next
year. Alprints net sales are forecast to remain slightly below
last years level. Alprint will report an operating loss for the
final quarter of this year.
Alma Medias consolidated net sales for the full year are expected
to remain slightly below last years level and. The operating
profit for the fourth quarter and for full year is expected to be
clearly lower than last year mainly relating to MTV.
Business conditions and review of business operations
Business conditions have remained unchanged throughout the year.
The Finnish economy is forecast to grow by 5-6 % and consumer
demand by 3-5 % this year. Inflation increased slightly at the
close of the third quarter, mainly because of the rise in oil
prices. Inflation for the full year is forecast to reach
approximately 3 %.
Preliminary data released by Ad Facts Ltd indicates that
advertising expenditure grew during the third quarter at roughly
the same rate as earlier in the year. Media advertising increased
7 % during the first nine months, and newspaper advertising 8 %.
Within newspaper advertising, advertising in subscribed
publications increased noticeably faster than for free
Magazine advertising rose 8 %, television advertising 4 %, outdoor
advertising 11%, and radio advertising 7 %, while cinema
advertising declined 18 %. Internet advertising increased 55 %
although this segment represented only 1 % of total advertising.
Television viewing increased by 8 minutes on the previous year.
The Internet continued to grow in popularity. According to
Taloustutkimus Oy 1.8 million Finns use the Internet at least once
a week. Alma Media has retained its position as Finlands leading
provider of Internet services. According to Gallup marketing
research 38 % of all Finnish households now have an Internet
connection compared with 30 % at the beginning of the year.
No significant change was evident in demand for graphic industry
products. Paper prices are 2-3 % higher than last year.
The Alpress group comprises the national afternoon paper Ilta-
lehti, the provincial newspapers Aamulehti, Satakunnan Kansa,
Lapin Kansa, Pohjolan Sanomat and Kainuun Sanomat, Suomen
Paikallissanomat, which publishes local newspapers, and Alpress,
which as the groups parent company provides administrative
services. Alpress publishes altogether 30 newspapers. This
includes 17 local newspapers, 3 town papers and 4 free-
distribution papers, not all of which were part of
It was decided in June to regroup the printing operations of the
provincial newspapers within their respective newspaper companies.
This action will be taken at the beginning of next year. In June
the decision was also made to form a new business group called
Business Information Group based around Kauppalehti. This change
came into effect at an operational level on 1 September 2000.
The circulations of Alpresss provincial newspapers continued to
develop better than on average in this sector. Aamulehtis
circulation rose 0.5 %, Satakunnan Kansas 0.2 %, Lapin Kansas
0.4 % and Kainuun Sanomats 0.2 %. The circulations of Lapin Kansa
and Kainuun Sanomat began to rise for the first time in several
years. Similarly, the circulations of all the local newspapers
except Koillis-Häme and Koillis-Lappi also showed an upward trend.
Growth in local newspaper circulation averaged 1.9 %.
Iltalehtis 6-day circulation increased 2.2 % and its weekend
edition 3.7 %. The same figures for Ilta-Sanomat (Iltalehtis
competitor) were 2.6 % and 5.0 %. Sales development was negative
during the summer, which neutralised the gains during the first
half of the year, and sales for January-September remained at
roughly the previous years level. The decline was caused by a
reduction of almost two percent in the whole afternoon newspaper
market. Iltalehtis market share at the end of September was 36.8
% (36.2 %).
Circulation revenues increased by more than 2 % on 1999.
Advertisement sales by Alpress rose almost 6 % but the increase
varied among the titles from 9 % growth by Aamulehti to a 5 %
decrease by Lapin Kansa. Advertising volume grew while average
advertisement prices remained at last years level.
The Alpress group reported aggregate net sales of MFIM 793 (788);
52 % (49 %) of this came from advertisement sales, 46 % (46 %)
from circulation sales and 2 % (5 %) from other sales. Comparable
net sales increased by 4 % on 1999; advertising revenue by 6 % and
circulation revenue by 2 %. All units except Pohjolan Sanomat
reported an increase in circulation revenue. Aamulehtis
advertising revenue rose 9 %, Satakunnan Kansas 6 % and
Iltalehtis 6 % but the advertising revenues of the northern
provincial newspapers decreased 1-4 %.
Alpresss total expenses increased MFIM 8 on 1999. The comparable
increase in expenses was MFIM 26 or slightly under 4 %.
Alpress recorded an operating profit of MFIM 96 (95). The
operating profit was adversely offected by Iltalehtis marketing
investments and the sale of the printing operations in Kemi and
Kajaani to Alprint after the equivalent period in 1999. The
comparable increase in operating profit was MFIM 5; the comparable
operating profit declined in Iltalehti, Lapin Kansa and Pohjolan
Sanomat but the other units exceeded the operating profits in the
previous year. The operating margin was 12 % (12 %).
Agreement was reached during the summer on copyright compensation
for journalists in Satakunnan Kansa, Lapin Kansa, Kainuun Sanomat
and Pohjolan Sanomat. Almost all journalists signed an agreement
in September covering the use of editorial material both within
the Group and its sale to third parties outside the Group.
Business Information Group (BIG)
The Business Information Group was formed around the Kauppalehti
products. BIG currently comprises Kustannusosakeyhtiö Kauppalehti
and Balance Consulting Oy. BIG also has holdings in Baltic News
Service (26 %) and Suomen Uutislinkki Oy (50 %). BIG produces
business information and content and distributes this in printed
form, via television and the Internet, and also directly to
wireless terminal devices.
Kauppalehtis circulation reached an all-time high during the
reporting period, rising 3.5 % to 84 626 copies. Kauppalehtis
circulation revenue rose 7 % and advertising revenue 8 %.
Kauppalehti Onlines net sales increased by over 120 % to exceed
MFIM 10. Two-thirds of this figure was derived from content sales.
BIG launched several new products during the reporting period
including a cross-media service called Saldo, a mutual fund rating
service based on MorningStar methodology, and wireless services
for users of Palm computers and Nokia Communicators.
As part of its overall services to private investors, Kauppalehti
launched a mutual fund called Conventum Aktive in co-operation
with Conventum Fund Management Limited that represents an entirely
new communications policy. Conventum Aktive is a domestic balanced
fund and the first mutual fund in Finland where all holdings can
be publicly monitored daily. The funds development and investment
decisions can be followed on the Saldo services Internet pages.
The mutual fund rating service launched by BIG in Finland is based
on methodology developed by the American company MorningStar, Inc.
Kauppalehtis Tähtirahastot (Star Funds) service is the sole
licensee of this methodology in Finland. Tähtirahastot covers
about 500 mutual funds traded in Finland.
The main product of Balance Consulting Oy, acquired in September,
is analysing financial statements for corporate customers. Balance
Consulting also produces benchmarking and ranking reports and
sector analyses. Balance Consultings analyses, business sector
comparisons and reports complement Kauppalehtis own content
production. The companys extensive database of analyses can be
used to generate a wide variety of evaluations and background
information which can also be distributed through the media and
Internet services offered by Alma Medias Business Information
Group. Similarly Balance Consultings analyses can be added to
BIGs own news and background information.
BIGs net sales totalled MFIM 179 (161) and its operating profit
was MFIM 37 (31). Its profitability was particularly strained by
the investments in the new Saldo cross-media service.
The Broadcasting business group is responsible for Alma Medias
television and radio broadcasting activities. MTV Oy manages the
national MTV3 Channel and the cable channel TVTV!. Broadcastings
performance is significantly affected by the Swedish associated
company TV4 AB, in which MTV Oy owns 23.4 %. MTV is also
operationally responsible for Alma Medias national radio
business, represented by the 48 %-owned Radio Nova.
Preparations for the launch of digital television were continued
along with other operating licence holders. Negotiations are
currently in progress on issues including who will provide a
national homepage, Super-Teletext and a programme guide, the
acquisition of a coding system and an operating model for managing
the operators common interests. Alma Media is preparing with
cable television companies to promote the launch of digital
television and to distribute digital channels via cable networks.
Transmission coverage of the cable channel TVTV!, launched in
February, was extended in June to include Helsinki televisions
network and, from the beginning of October, also Soneras network.
These expansions increased the number of households able to
receive the channel by 350 000 to a current total of some 900 000
In September MTV Oy sold its drama production operations to
Jarowskij Draama Suomi Oy, in which MTV holds 15 %.
MTV3 Channel spent altogether 3853 (4038) hours on the air between
January and September, corresponding to a daily average of 14
hours. Total programming time fell 5 % on the previous year. The
domestic content of programming was 59 % (51 %) during the
reporting period. The decrease in total programming time and
increase in domestic content was the result of a reduction in
foreign day-time programmes during the first half of the year.
Reruns represented 23 % (19 %) of programming.
Total daily television viewing time in Finland averaged 2 hours 43
minutes per viewer between January and September, an increase of 8
minutes (5 %) on the equivalent period in 1999. During the third
quarter total viewing time increased 6 %. Total viewing time on
MTVs channels rose more than 5 % and for MTV3 Channel a good 3 %.
MTV3s share of total viewing time between January and September
was 40 % (42 %) and its share of prime time viewing was 39 % (40
%). MTV3 Channels overall audience reach was extremely good
during the first nine months of 2000 with a weekly coverage of 90
% (89 %) and daily coverage of 65 % (62 %).
TVTV! was launched on 1 February. The viewing target set for its
first year of operation was 1 % of total television viewing time.
Its share during the first nine months of the year was 0.7 % and
in the most recent rated week (9-13 October) 1.0 %. TVTV!s
January-September sales target was MFIM 5 and actual sales
exceeded MFIM 3.
Net sales from MTVs commercials totalled MFIM 643 (670), net
sales from other advertising subject to the operating licence fee
were MFIM 28 (49) and net sales from services amounted to MFIM 47
(32). Altogether net sales totalled MFIM 718 (751).
The share of associated companies results, MFIM 12 (-10), mainly
comprised the Swedish TV4s result. Radio Novas net sales came to
MFIM 45 (42) and its operating profit was MFIM 1 (1). The share of
TV4 ABs result is an estimate since this company reports its
third-quarter results on 10 November 2000.
The New Media business group consists of Alma Media Interactive Oy
and Alma Media Net Ventures Oy, both of which are wholly owned
subsidiaries of Alma Media Corporation. Alma Media Interactive Oy
has 80 % holdings in Suomen Erikoispörssilehdet Oy, which
publishes the property trading newspaper Asuntopörssi in Tampere,
and also Suomen Asuntopörssilehdet Oy, which publishes
Asuntopörssi in Helsinki, Jyväskylä and Pori. Alma Media
Interactive Oy also owns 75 % of Jobline Oy, which specialises in
on-line personnel recruitment.
Alma Media is the leading Internet services provider in Finland.
The company had more than 30 on-line services at the close of the
reporting period. The weekly number of visitors to the most
popular services during October 2000 were as follows: MTV3
Internet (273 000), Iltalehti Online (113 000), Kauppalehti Online
(74 000), DIME housing (18 900), Autotalli used car sales (7 400)
and Aamulehti Online (13 100). Alma Media had altogether 865 000
registered active users for its Internet services and the number
of weekly users was 540 400.
Alma Media Interactive Oy is responsible for Alma Medias new-
media business activities. Alma Media Net Ventures Oy handles the
commercial exploitation, in Finland and abroad, of the business
concepts, new media service applications and patents and
industrial property rights which it has developed in the areas of
customer management, conte