Alma Media - Corporate Action

Merger of Alma Media subsidiaries completed

ALMA MEDIA CORPORATION     STOCK EXCHANGE RELEASE    2.1.2008, at
14.00



MERGER OF ALMA MEDIA SUBSIDIARIES COMPLETED

The mergers of Alma Media Corporation and its subsidiaries
Suomalainen Lehtipaino Oy, Alpress Oy and Marcenter Oy have been
completed as planned. The mergers were entered in the Trade Register
on 31st December 2007.

The Boards of Directors of Alma Media Corporation and its subsidiary
companies Suomalainen Lehtipaino Oy, Alpress Oy and Marcenter Oy
signed on May 28 2007 a merger plan according to which Suomalainen
Lehtipaino, Alpress and Marcenter will merge with their parent
company Alma Media Corporation. The merger plan was entered to Trade
Register on 19 June 2007. The aim of the mergers is to clarify
corporate structure.

Alma Media Corporation

Rauno Heinonen
VP, Corporate Communications and IR


For more information, please contact

Teemu Kangas-Kärki, CFO, tel. +358 10 665 2244, or email
teemu.kangas-karki@almamedia.fi

DISTRIBUTION: Helsinki Exchanges, principal media

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

Net sales in 2006 totaled EUR 302 million and the operating margin
was 16 %. The company's share is listed in the Mid Cap segment of the
OMX Nordic Exchange's Nordic List, trading code ALN1V. More
information at http://www.almamedia.fi/home