Alma Talent to sell its media business in Sweden

Alma Media Corporation                                    Press Release 22 June 2020

ALMA TALENT TO SELL ITS MEDIA BUSINESS IN SWEDEN 

Alma Talent, which is part of Alma Media, has agreed on a share transaction to sell the share capital of Alma Talent Ab to New Technology Media Group Ab. In this transaction, the magazine and online media brands Ny Teknik, Lag & Avtal, Arbetarskydd, Personal & ledarskap and Teknikhistoria and their employees will be transferred to the new owner. Alma Talent already sold the Affärsvärlden financial media business to BörsPlus Ab previously this year and Dagens Media to Bonnier Business Media Sweden Ab in 2018.

The revenue of the business operations to be transferred in this business transaction was approximately MEUR 8.5 in 2019 and the number of employees 30. The parties have agreed not to disclose the price of the transaction. Due to the divestment of media business in Sweden, Alma Media will recognise one-time capital loss of approximately MEUR 2.7 in the second quarter. 

“We have now gradually divested our traditional media business in Sweden. However, we will continue to operate in the Swedish market by further developing the business of the growing marketplace for business premises Objektvision.se. We are also searching for new opportunities in the digital B-to-B sector,” says Juha-Petri Loimovuori, CEO of Alma Talent.

For more information, please contact: Juha-Petri Loimovuori, CEO, Alma Talent, tel. + 358 500 511 036, Juha-Petri.Loimovuori@almamedia.fi

Alma Media in brief

Alma Media is a dynamic digital service business and media company with a strong capacity for renewal. The company’s best-known brands are Kauppalehti, Talouselämä, Iltalehti, Etuovi.com and Monster. Alma Media builds sustainable growth expanding its offering from media to related digital services fulfilling the needs of users’ everyday life as consumers and as professionals in business. Alma Media operates in 11 countries in Europe. Alma Media employs approximately 1,500 professionals. Alma Media’s revenue from continuing operations was EUR 250.2 million in 2019. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.com