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Alma Media Corporation: Alma Media widens career services joint venture with Monster

Alma Media Corporation      Stock Exchange Release     7 November 2013 at 9.00
am (EET)


ALMA MEDIA WIDENS CAREER SERVICES JOINT VENTURE WITH MONSTER

Polish, Hungarian and Czech Monster services will join Alma Media's
comprehensive career services offering

Alma Media Corporation (OMXHelsinki: ALN1V) and Monster Worldwide, Inc., today
announced the strengthening of their joint operations across Eastern Europe and
the Baltics. In expanding their joint offering, Monster's career services will
be combined with Alma Media's similar services to create a comprehensive
offering in Poland, Hungary, Czech Republic, Slovakia, Croatia, Finland,
Estonia, Latvia and Lithuania. The companies will be managed under a joint
holding company named Alma Career Oy and will be reported as part of Alma
Media's Digital Consumer Services segment.

Monster Worldwide will become a 15% minority owner of Alma Career Oy (formerly
Monster Oy) by contributing its Poland, Hungary and Czech Republic operations
and by acquiring from Alma Media shares in the holding company with a purchase
price of MEUR 4.9, with Alma Media owning the other 85 %. Monster has an option
to increase its ownership to 20% by 2017. Monster currently owns 25 % of the
Monster business in Finland with Alma Media holding 75%. The combined focus of
this new venture, along with additional investment to drive growth of the
business, will enable stronger development and client benefit across the region.
The joint venture will start operationally in the beginning of 2014.

The arrangement is in line with Alma Media's strategy to focus on recruitment
and career services in the search for digital growth and more international
operations. Alma Media has constantly been evaluating new opportunities in
addition to the 70 MEUR of investment in 2012 in the Baltic countries, Czech
Republic, Slovakia and Croatia. After combining the Monster EE (Poland, Hungary
and Czech Republic) operations with Alma Media's career services, the combined
annual revenue is expected to exceed MEUR 35 in 2013. The joint venture
arrangement does not result in any EBIT improving bookings at the time of
completion. The arrangement strengthens Alma Media's equity and generates a
positive cash flow effect of MEUR 4.9 for the first quarter of 2014. Due to the
arrangement Alma Media's 2014 revenue will increase by approximately MEUR 3."Widening the already fruitful cooperation with Monster is a great continuation
to our strategy. Alma Media will continue its current operations with existing
brands and technologies, but will also be able to benefit from the Monster
technology, service concepts and the sales network in the chosen market areas.
Monster Worldwide will be able to grow its global network with our market
leading services", says Raimo Mäkilä, Senior Vice President of Alma Media's
Marketplaces business unit."Monster and Alma are building upon our historically successful relationship to
create comprehensive service offerings throughout Eastern Europe and the
Baltics", said Andrea Bertone, Executive Vice President, General Manager, Europe
and North America Sales, Monster Worldwide. "This is a winning combination,
delivering world-class career marketplaces and an expanded advertising footprint
across the region, providing a new level of service and wider talent pool reach
to greatly benefit our local and global clients."

ALMA MEDIA CORPORATION

Rauno Heinonen
Vice President, Communications and IR

For more information, please contact:
Raimo Mäkilä, Senior Vice President, Head of Marketplaces, Alma Media
Corporation, tel. +358 010 665 5802

Distribution:
NASDAQ OMX Helsinki
main media


About Monster Worldwide

Monster Worldwide, Inc. (NYSE:MWW), is the global leader in successfully
connecting job opportunities and people. Monster uses the world's most advanced
technology to help people Find Better, matching job seekers to opportunities via
digital, social and mobile solutions including monster.com®, our flagship
website, and employers to the best talent using a vast array of products and
services. As an Internet pioneer, more than 200 million people have registered
on the Monster Worldwide network.  Today, with operations in more than 40
countries, Monster provides the broadest, most sophisticated job seeking, career
management, recruitment and talent management capabilities globally. For more
information visit about-monster.com.

Alma Media in brief

Alma Media is a media company focusing on digital services and publishing. In
addition to news services, the company's products provide useful information
related to lifestyle, career and business development. The services of Alma
Media have expanded from Finland to the Nordic countries, the Baltics and
Central Europe. The company employs approximately 1,900 professionals (excluding
distributors), of whom over 20% work outside Finland. Alma Media's revenue in
2012 totalled approximately MEUR 320. Alma Media's share is listed on NASDAQ OMX
Helsinki. Read more at www.almamedia.com





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