The publishing companies of Alma Media's three regional newspapers in northern Finland, Kainuun Sanomat, Pohjolan Sanomat and Lapin Kansa, have been merged into a new company named Pohjois-Suomen Media Oy. The merger was implemented in accordance with the plan disclosed in May 2008 and it has been entered into the Trade Register today.
The merger aims at streamlining the organisational structure and standardising financial and other internal administrative processes of the newspapers. It also allows for more flexible development of the cooperation between the newspapers. The merger has no direct effects to the employees.
Matti Ilmivalta, Managing Director, Alma Media's Pohjois-Suomen Media Oy, tel. +358 10 665 7861
Net sales in 2007 totalled EUR 329 million and the operating margin was above 19 %. The company's share is listed in the Mid Cap segment of the OMX Nordic Exchange's Nordic List, trading code ALN1V. More information at www.almamedia.fi