Alma Media acquires Cision's Lithuanian subsidiary
(Thomson Reuters ONE) - Alma Media Corporation Press release 1 October 2009ALMA MEDIA ACQUIRES CISION'S LITHUANIAN SUBSIDIARYBaltic News Service, the leading Baltic news agency and mediainformation company belonging to Alma Media's Kauppalehti Group hasacquired all shares of Cision AB's Lithuanian subsidiary.Cision Lithuania focuses on the media monitoring and analyzingservices. The company's net sales was about EUR 1 million in 2008 andit employs 43 people.- Cision Lithuania complements our current media monitoring serviceoffering in the Baltic countries and strengthens our business in theLithuanian market. The deal is also well in line with KauppalehtiGroup's strategy to offer its corporate customers a versatile anddynamic range of business information services that add value, saysJuha-Petri Loimovuori, Senior Vice President of the KauppalehtiGroup.The acquisition, effective today on 1 October 2009, has nosignificant impact on the operating profit of the Kauppalehti Groupor Alma Media Corporation in 2009.For further information, please contact:Anvar Samost, General Manager, Baltic News Service, tel. +372 50 19262Juha-Petri Loimovuori, Senior Vice President, Kauppalehti Group, tel.+358 10 665 2360Alma Media in briefAlma Media is a profitable and internationally expanding company thatinvests in the future of newspapers and online media. Its best knownproducts are the Aamulehti, Iltalehti, Kauppalehti and Etuovi.com.Net sales in 2008 totalled EUR 341 million and the operating marginwas over 14%. The company's share (ALN1V) is listed on the NASDAQ OMXHelsinki stock exchange. Please visit www.almamedia.fi to learn more.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 01.10.2009 - 13:10 Uhr
Sprache: Deutsch
News-ID 6495
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