Tyrvään Sanomat purchase confirmed
(Thomson Reuters ONE) -
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.
Further information:
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
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