Pohjolan Sanomat to shift its print edition from a seven-day to a five-day publication
(Thomson Reuters ONE) -
Alma Media Corporation Press Release 28 October 2013 at 10:05
POHJOLAN SANOMAT TO SHIFT ITS PRINT EDITION FROM A SEVEN-DAY TO A FIVE-DAY
PUBLICATION
Alma Media will make the Kemi-based regional newspaper Pohjolan Sanomat a five-
day publication from the beginning of 2014. The statutory employer-employee
cooperation negotiations concerning the impacts on personnel have been
concluded. Due to the change in the publication schedule, the number of Pohjolan
Sanomat employees will decrease by nine persons. The change affects the
editorial staff the most, with seven redundancies.
Due to these changes, Alma Media will recognise a non-recurring expense of
approximately EUR 0,3 million in the fourth quarter of 2013, mainly due to
restructuring expenses.
The reduced print delivery will be supplemented by a daily online service. Some
of Pohjolan Sanomat's online services will become available for subscribers only
from the beginning of next year. The volume of digitally distributed paid-for
content will increase considerably in connection with the reform. The
subscription rate, on the other hand, will decrease as the newspaper is
published less frequently.
The aim of the change is to improve profitability. The negative circulation
trend, the impact of the downward economic cycle on advertising investments and
the transformation of the structure of advertising have resulted in Pohjolan
Sanomat operating at a loss. In Northern Finland, higher distribution and
transport costs also affect profitability.
For more information
Kari Juutilainen, Senior Vice President, Alma Regional Media, tel.
+358 50 4354159
Alma Media in brief
Alma Media is a media company focusing on digital services and publishing. In
addition to news services, the company's products provide useful information
related to lifestyle, career and business development. The services of Alma
Media have expanded from Finland to the Nordic countries, the Baltics and
Central Europe. The company employs approximately 1,900 professionals (excluding
distributors), of whom over 20% work outside Finland. Alma Media's revenue in
2012 totalled approximately MEUR 320. Alma Media's share is listed on NASDAQ OMX
Helsinki. Read more at www.almamedia.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Alma Media Oyj via Thomson Reuters ONE
[HUG#1738475]
Unternehmensinformation / Kurzprofil:
Datum: 28.10.2013 - 09:05 Uhr
Sprache: Deutsch
News-ID 309738
Anzahl Zeichen: 3059
contact information:
Town:
Helsinki
Kategorie:
Business News
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