Alma Media restructures with back against wall

15 Feb 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.

It’s financial performance has been all but satisfying in the financial year 2011. Revenue dropped 1.6 percent, profit was down 7.1 percent and ea

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Christo Volschenk

Christo Volschenk is managing editor of the news on and our senior analyst covering Naspers. He brings more than 31 years of experience in business journalism to the team - the last 18 years focused on classifieds and e-commerce. Apart from working closely with the AIM Group, Christo is a freelance journalist, content manager, and copy editor. Before branching out on his own, he spent 15 years with Naspers in South Africa as journalist, economics editor and online project manager. He now spends most his day editing the news reported by 23 colleagues in 23 countries from his base in Stuttgart, Germany.