Alma Media - Tender offer

Preliminary result of Alma Media Corporation's tender offer for all shares in Talentum Oyj

Alma Media Corporation   Stock Exchange Release   17 November 2009 at
13.15

PRELIMINARY RESULT OF ALMA MEDIA CORPORATION'S TENDER OFFER FOR ALL
SHARES IN TALENTUM OYJ

The mandatory tender offer (the "Tender Offer") by Alma Media
Corporation ("Alma Media") for all issued and outstanding shares in
Talentum Oyj ("Talentum"), commenced on 19 August 2009, expired as
previously announced on 16 November 2009 at 4:00 p.m. (Finnish time).

Alma Media announced on 6 November 2009 that the Finnish Competition
Authority approved the Talentum acquisition and the precondition for
the completion of the Tender Offer was thus fulfilled.

According to the preliminary result of the Tender Offer, shareholders
holding a total of 661,295 Talentum's shares and representing
approximately 1.49 per cent of all votes in Talentum have tendered
their shares in the Tender Offer in accordance with its terms and
conditions. When taking into account the abovementioned shares, Alma
Media Group's holding in Talentum will rise to 14,236,295 shares
which represents approximately 32.14 per cent of all votes in
Talentum and 32.64 per cent of votes when taking into account 681,000
shares held by Talentum which do not carry a voting right.

The final result of the Tender Offer will be published on 19 November
2009.

Kai Telanne, President and CEO of Alma Media, states the following:

- The approval of the Competition Authority makes it possible for us
to complete the mandatory tender offer and allows latitude in respect
of our ownership in Talentum in the future. Talentum's recent
statements regarding short-term outlook, amongst others, support our
view of the offered price for the company's shares being on a correct
level. Since the board of directors of Talentum did not recommend
accepting the tender offer, the low acceptance rate was expected.

In accordance with the terms and conditions of the Tender Offer, the
Tender Offer will be executed and the consideration will be paid to
all Talentum shareholders having accepted the Tender Offer. The sale
and purchase of the shares will be executed on or about 20 November
2009 at the latest and will be settled on or about 25 November 2009
at the latest.

The payment of the offer price for the shares will be deposited on
the settlement date in the account connected to the shareholder's
book-entry account or, in the case of shareholders whose holdings are
registered in the name of a nominee, in the bank account specified in
the acceptance form. If the shareholder's bank account is with a
different banking institution than such shareholder's book-entry
account, the offer price will be on the shareholder's bank account in
accordance with the schedule for payment transactions between
financial institutions, approximately on the second Finnish banking
day following the payment.

Alma Media Corporation
Rauno Heinonen
Corporate Communications and IR

Additional information:
Kai Telanne, President and CEO, tel. +358 10 665 3500

DISTRIBUTION
NASDAQ OMX Helsinki
Main media

Alma Media in brief

Alma Media is a profitable 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 2008 totalled EUR 341 million and the operating margin
was over 14%. The company's share is listed in the Mid Cap segment of
the NASDAQ OMX Helsinki. Please visit www.almamedia.com for further
information.