Competition authorities approved the agreement between Alma Media and TietoEnator
ALMA MEDIA CORP. STOCK EXCHANGE RELEASE 30 JUNE 2005, 10.00 1 (1)
COMPETITION AUTHORITIES APPROVED THE AGREEMENT BETWEEN ALMA MEDIA AND TIETOENATOR
The competition authorities have approved the agreement between Alma Media and TietoEnator concerning Kauppalehti's acquisition of ePortti business from TietoEnator and the establishment of a direct marketing company, TietoEnator 121 Oy. ePortti will be integrated with Kauppalehti Online. TietoEnator 121 Oy will start its operations on 1 July 2005. Mr. Timo Lehtinen has been appointed Managing Director of TietoEnator 121 Oy.
Alma Media Corporation informed of the agreement on 30 May 2005.
ALMA MEDIA CORPORATION
DISTRIBUTION: Helsinki Exchanges, principal media
Alma Media, a leading Finnish media corporation, publishes newspapers, produces and distributes economic information, and maintains online marketplaces. The Group has more than 30 newspapers in its portfolio. The aggregate circulation of the subscribed papers totals approximately 600,000 copies. The Group's newspapers are estimated to have over two million readers.
Alma Media's best known products are the Aamulehti, Iltalehti, and Kauppalehti papers and the Etuovi.com home-buying Internet service. The Group derives roughly 40 % of its net sales from newspaper circulation revenues and income from content sales. Pro form net sales in 2004 (excluding the television and radio broadcasting operation divested in 2005) amounted to EUR 284 million, generating an operating margin of 12.9 %. The company has 2,850 employees. More information at http://www.almamedia.fi
- Date: 30.6.2005, 12:00
- News type: Stock exchange release
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