February 15, 2012
By Christo Volschenk
Finnish media group Alma Media published its financial results for the 4th quarter 2011 and full year today. The results explain why the company has been in such a hurry to restructure lately.Alma Media’s financial performance in financial year 2011 was all but satisfying. Revenue dropped 1.6 percent, profit was down 7.1 percent and earnings per share dived 11 percent from 44c to 39c (all...
February 2, 2012
By Christo Volschenk
No-one can say Finnish media group Alma Media is slow in ratcheting up its online classifieds business – a strategy it adopted on Nov. 1 last year. On Dec. 21, 2011 it announced the acquisition of three job portals in eastern Europe for €34.4 million ($46 million U.S.) (read here). Today it announced another job portal acquisition, namely...
January 26, 2012
By Christo Volschenk
On Nov. 1, 2011 Finnish media group Alma Media announced a restructuring, aimed at accelerating digital growth and improving operational efficiency. Today the company announced the merger of its regional and local newspaper units into a single business unit called Alma Regional Media – and named the first casualties.Juha Ruotsalainen, managing director of Aamulehti Publishing and Matti Ilmivalta, managing...
December 21, 2011
By Christo Volschenk
Finland’s Alma Media Corporation acquired LMC, the company behind job portals Jobs.cz and Prace.cz in the Czech Republic and Topjobs.sk in Slovakia, for €34.4 million ($46 million U.S.) in cash. The transaction, which brings another big classifieds player into the already crowded eastern-European...