Alma Media Corporation writes down associated company shares by EUR 4.8 million

Alma Media Corporation    Stock Exchange Release     January 31, 2013 at 9:15 am (EET) ALMA MEDIA CORPORATION WRITES DOWN ASSOCIATED COMPANY SHARES BY EUR 4.8 MILLION Alma Media has completed its regular annual goodwill impairment tests covering the entire Group. As a result, the company will write down the shares of its associated company Talentum Oy by approximately EUR 4.8 million for the fourth quarter of 2012. The write-down will be reported in the fourth quarter financial result of Alma Media as a non-recurring item with no effect on the cash flow. Alma Media will publish its financial review of the fourth quarter and of the full-year 2012 on February 15, 2013. Alma Media repeats its earlier estimate, according to which the company expects its full-year revenue for 2012 to increase from the 2011 level, primarily due to the acquisitions made. Operating profit excluding non- recurring items is expected to be lower than in 2011. ALMA MEDIA CORPORATION Rauno Heinonen Vice President, Corporate Communications & IR For further information, please contact: Juha Nuutinen, CFO, Alma Media Corporation, tel. +358 50 438 0984 DISTRIBUTION: NASDAQ OMX Helsinki Stock Exchange Main media Alma Media in brief Alma Media is a dynamic media company whose best-known products are Aamulehti, Iltalehti, Kauppalehti and Alma Media employs approximately 3,000 professionals. The company's revenue in 2011 totalled MEUR 316.2 with an operating margin of 13.3 per cent. Alma Media's share (ALN1V) is listed in the NASDAQ OMX Helsinki Exchange. Read more at This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Alma Media Oyj via Thomson Reuters ONE [HUG#1674449]