Alma Media - Company Announcement

Cooperation negotiations within Alma Media's printing and distribution operations completed

Alma Media Corporation   Stock exchange release   June 13, 2011 at 14.55 (EEST)

COOPERATION NEGOTIATIONS WITHIN ALMA MEDIA'S PRINTING AND DISTRIBUTION
OPERATIONS COMPLETED

Statutory cooperation negotiations related with the development and
rationalising programme at Alma Media's printing and distribution unit, Alma
Manu Oy, have been completed. As a result of the negotiations, the company will
decrease the number of its workforce by 54 full-time work years and will close
down its printing operations in the city of Pori. At the time the negotiations
started, Alma Manu preliminarily estimated that the number of personnel in
printing operations may decrease by a maximum of 32 full-time work years. In
distribution, the decrease was estimated to be at most 50 full-time work years.

The operations of the Pori printing house will be closed down by the end of
January 2012. The decision is attributable to the rationalising targets of the
company and to the decision of the Satakunnan Kansa newspaper to change into
tabloid format."To print a tabloid newspaper in Pori printing house would have required us an
additional investment in the facility. As Alma Media is currently investing MEUR
50 to renew its printing facility in Tampere, investment in Pori unit would not
have been financially reasonable. After the closing of the Pori printing house,
Satakunnan Kansa will be printed in Tampere", says Helvi Liukkaala, Managing
Director of Alma Manu Oy.

Due to the discontinuation of the operations of the Pori printing house, Alma
Manu lays off 32 persons, of whom 12 have part-time job contracts, totalling 25
full-time work years. The lay-offs will take place in January 2012. To some of
its employees in the Pori printing facility, Alma Manu can offer an opportunity
to relocate to printing houses either in Tampere or in Rovaniemi. To those
employees who cannot be employed in other units, Alma Manu will arrange
outplacement training and support for re-employment. Alma Manu cooperates with
employment authorities.

In distribution operations, the measures of the development and rationalising
programme will lead to a decrease of 29 full-time work years in the Pirkanmaa
and Satakunta delivery regions. The measures to rationalise the distribution
operations will mainly take place in 2012.

As a result of the cooperation negotiations, one person in Alma Manu's
management will be laid off. No officials or technical officials will be laid
off. However, the job descriptions and locations of the officials and technical
officials will undergo changes that will be effective in autumn 2011.

The negotiations, initiated in April, encompassed Alma Manu's entire personnel
at the printing facilities in Pori and Tampere as well as the distribution
operations in the Satakunta and Pirkanmaa regions, a total of approximately
1,000 employees. The negotiations concerned the planned shutdown of the Pori
printing facility and the planned rationalisation and reorganisation of the
Satakunta distribution operations, the printing operations at the Tampere
printing facility and the Pirkanmaa distribution operations as well as the
motivation, effects and alternatives of possible measures affecting personnel.

In 2010, Alma Manu employed 1,135 people in the Pirkanmaa, Satakunta and
southwest Lapland areas. Of them, 962 employees worked in newspaper delivery.



ALMA MEDIA CORPORATION

Rauno Heinonen

Vice President Communications and IR



More information:

Helvi Liukkaala, Managing Director, Alma Manu Oy, tel. +358 10 665 3009



Distribution: NASDAQ OMX Helsinki, principal media

Alma Media in brief

Alma Media is a dynamic media company whose best-known products are Aamulehti,
Iltalehti, Kauppalehti and Etuovi.com. Alma Media employs approximately 2,800
professionals. The company's net sales in 2010 totalled MEUR 311.4 with an
operating margin of 13.9 per cent. Alma Media's share (ALN1V) is listed in the
NASDAQ OMX Helsinki Exchange. Read more at www.almamedia.fi




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