Sanoma to acquire Alma Media’s regional news media business for $126m.

Sanoma, a media group, agreed to acquire Alma Media’s regional news media business, a publisher of local newspapers like Aamulehti and Satakunnan Kansa, for $126m, including $46m of net debt. “I am enthusiastic and honoured to welcome Alma Media’s strong regional news teams and brands with more than 140 years of success in high quality independent news media to Sanoma. We are well prepared to work closely together and look forward to learning the best practises from each other. In the current times with the corona pandemic, independent journalism and news media play a more important role in people’s everyday life than ever. We can secure its vitality for future generations by joining forces. Together we ensure the attractiveness of our digital news media products and can further accelerate growth of our combined digital subscription base," Susan Duinhoven, Sanoma President and CEO.