Stock Exchange Release 08/06/2011 13:15
Sanoma announced the acquisition of SBS free-to-air TV assets in the Netherlands and Belgium from ProSiebenSat.1 on 20 April 2011. The acquisition of the Belgian operations has been closed today.
Sanoma will report its share of the result of the Belgian TV operations in the 'Share of results in associated companies' line in its consolidated income statement.
The acquisition of the Dutch activities is still subject to the approval of the Netherlands Competition Authority (NMa). This approval is expected during the summer.
Sanoma Corporation
Kim Ignatius
Chief Financial Officer
Additional information: Sanoma's Investor Relations, Kare Laukkanen tel. +358 105 19 5064 and Anna Tuominen tel. +358 105 19 5066 or ir@sanoma.com
Sanoma.com
Sanoma inspires, informs and connects. As a diversified media group, we bring information, experiences, education and entertainment to millions of people every day. We make sure that quality content and interesting products and services are easily available and meet the demands of our readers, viewers and listeners. We offer a challenging and interesting working environment for nearly 20,000 people in over 20 countries throughout Europe. In 2010, the Group's net sales totalled EUR 2.8 billion.
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Source: Sanoma Oyj via Thomson Reuters ONE
