Alma Media Corporation PRESS RELEASE March 25, 2010
TYRVÄÄN SANOMAT PURCHASE CONFIRMED
The business operations of Tyrvään Sanomat Oy will be transferred to Suomen Paikallissanomat Oy. The deal includes two local papers, Tyrvään Sanomat and Paikallissanomat, as well as the business operations of the advertising agency Idea-Mainos. The annual general meeting of Tyrvään Sanomat Oy confirmed the deal on Wednesday.
The staff of both newspapers and the advertising agency will transfer to the new publisher on April 16. The operation will continue on the newspaper's present premises in Vammala, the municipality of Sastamala, Finland.
The twice-weekly Tyrvään Sanomat appears in Sastamala and Kiikoinen. The once-weekly Paikallissanomat appears in Sastamala in the regions of the former Mouhijärvi and Suodenniemi, as well as Lavia.
Suomen Paikallissanomat Oy is Alma Media Corporation's local paper company, in addition to the papers now purchased publishing 16 subscription-based local papers and four city papers in different parts of Finland.
Kari Juutilainen, Managing Director, Suomen Paikallissanomat Oy, tel. +358 50 435 4159.
Alma Media in brief
Alma Media is a profitable and internationally expanding company with a focus on the future of newspapers and online services. Its best known products are the Aamulehti, Iltalehti, Kauppalehti and Etuovi.com.
Alma Media's net sales in 2009 totaled 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