Alma Media - Company Announcement

Alma Media receives a EUR 1.8 million profit from the sale of AP-Paino Oy shares

ALMA MEDIA CORPORATION  STOCK EXCHANGE RELEASE  22 December 2008
at 2:00 p.m.

ALMA MEDIA RECEIVES A EUR 1.8 MILLION PROFIT FROM THE SALE OF
AP-PAINO OY SHARES

Alma Media Corporation has sold the shares and capital loan
receivables of its associated company AP-Paino Oy, a printing company
(formerly Acta Print Kivenlahti Oy). In the arrangement, Alma Media
receives a total of EUR 1.8 million as a one-time gain which will be
reported in the Q4 2008 financials.

ALMA MEDIA CORPORATION

Rauno Heinonen
VP, Corporate Communications & IR

For more information, please contact:
Tuomas Itkonen, CFO, tel. +358 10 665 2244


Alma Media in brief

Alma Media is a profitably growing and internationally expanding
company that invests in the future of newspapers and online media.
Its best known products are the Aamulehti, Iltalehti, Kauppalehti and
Etuovi.com.

Net sales in 2007 totalled EUR 329 million and the operating margin
was over 19%. The company's share is listed in the Mid Cap segment of
the Nasdaq OMX Helsinki.