Finland

Alma Media backs up Urakkamaailma.fi

Alma Mediapartners, a subsidiary of Alma Media, acquired 15 percent of the share capital of Remonttibulevardi Oy. The company develops Urakkamaailma.fi, a real estate renovation marketplace. On Urakkamaailma both property managers and consumers are able to publicly ask for bids for their renovations, and the contractors find new customers there. At the moment there are about 2,000 contractors...

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Sanoma’s online revenue continues to grow in Q2

The online and mobile revenue of Sanoma’s Consumer Business segment (including the classified businesses in Finland and the Netherlands, with the online auction platform Huuto and marketplace Oikotie) continued to grow in Q2 FY2014 from the same period last year. The net sales of the online and mobile businesses of Sanoma in Finland amounted to €22.1 million or $29.7 million U.S. – 7.5...

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Alma Media’s Q2 digital revenue increases

The revenue of Alma Media’s division Digital Consumer Services, which houses the classified business of the company*, increased by 4.9 percent in Q2 of FY2014 from Q2 in FY2013. In Q2 of FY2014 revenue of the Digital Consumer Services division amounted to €14 million ($18.9 million U.S.). In Q2 of FY2013 it came to €13.4 million. Of the total revenue, the businesses in Finland...

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Arthur Hoffman to head Sanoma Digital

Sanoma appointed Arthur Hoffman as CEO of Sanoma Digital. In this role he will also be a member of Sanoma’s Executive Management Group (EMG). Hoffman will join Sanoma on Aug. 25, 2014. Until then, Sander ten Dam will continue to lead Sanoma Digital on an interim basis. Hoffman (photo) will help Sanoma accelerate its growth in pure play digital media and support the digital transformation of...

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Sanoma sells its Hungarian media operations

Sanoma has announced it is selling Sanoma Media Budapest to Centrál Group, a financial services firm. The transaction includes Hungary’s leading job site Profession.hu. The deal marks the departure of Sanoma from the Hungarian market. The closing of the transaction is subject to the approval of the competition authorities. Sanoma has been present in Hungary since 1992. In 2013 the net...

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Sanoma grows its online revenue in Q1

The online and mobile revenue of Sanoma’s Consumer Business segment (including the classified businesses in Finland and the Netherlands, with the online auction platform Huuto and marketplace Oikotie) grew in Q1 FY2014 from the same period last year. The net sales of the online and mobile businesses of Sanoma in Finland amounted to €21.3 million or $29.5 million U.S. – 27.5 percent...

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