Alma Media - Company Announcement

Alma Media reorganises its regional newspaper operations

Alma Media Corporation     Stock Exchange Release     16 April 2012, at 11.00
(EEST)


ALMA MEDIA REORGANISES ITS REGIONAL NEWSPAPER OPERATIONS

Alma Media will make considerable changes to the operational model of all its
regional newspaper operations in 2012. The aim of the reorganisation is to
improve the quality of the newspapers' content and to guarantee their ability to
work together to develop multi-channel media products to meet consumers' and
advertisers' changing needs on a commercially sustainable basis.

The changes in the operational model allow the Alma Regional Media business unit
to strengthen collaboration between regional and local newspapers and remodel
all of the unit's operations, including local and shared content creation. Due
to the planned changes Alma Regional Media will launch co-determination
negotiations with its entire personnel. The negotiations will involve personnel
employed by the various Alma Regional Media companies, some 810 employees in
total. Alma Regional Media's initial estimate is that the number of personnel in
the unit will reduce by no more than 135 man-years as a result of the change in
the operational model.

Alma Regional Media started its operations at the beginning of 2012 with the aim
of enhancing internal collaboration within the Corporation and improving quality
in its regional and local newspapers. The unit also aims to considerably reduce
overlapping operations."In view of the outlook of the newspaper as a medium it is essential that we
secure our financial standing and journalistic independence. The objective of
the planned changes is to preserve locally strong and financially viable
regional media everywhere we operate in Finland. We can only secure our future
by adding value to the information and improving its quality, a goal which can
be reached by strengthening collaboration in all sectors between our
newspapers", Kari Juutilainen, Head of Alma Regional Media, asserts.

The co-determination negotiations, which will start next week, will deal with
the plans to reorganise and rationalise Alma Regional Media operations and the
measures that the personnel may face as a result, including reasons behind these
measures, the effects of these measures and available options.  Possible
reductions in the personnel numbers will affect all employee groups and all
newspapers in the unit. Redundancy packages may be offered to those under the
threat of redundancy.

Alma Regional Media consists of Aamulehti, Satakunnan Kansa, Lapin Kansa,
Pohjolan Sanomat and Kainuun Sanomat as well as 29 local and free newspapers.
The reorganisation does not apply to Kauppalehti and Iltalehti, and it will not
affect delivery personnel.


ALMA MEDIA CORPORATION
Rauno Heinonen, Vice President, Corporate Communications and IR

Further information: Kari Juutilainen, Head of Alma Regional Media, tel.
+358 10 665 3442

Distribution: NASDAQ OMX Helsinki Stock Exchange, key media platforms

Alma Media in brief
Alma Media is a continually renewing media company whose better-known brands
include Aamulehti, Iltalehti, Kauppalehti and Etuovi.com. Alma Media employs
around 3,000 professionals. Net sales amounted to EUR 316.2 million in 2011, and
operating profit was 13.3 per cent of net sales. Alma Media's shares (ALN1V) are
listed on the Helsinki Stock Exchange of the NASDAQ OMX. Read more:
www.almamedia.fi

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