Alma Media's second quarter operating profit to be slightly below the corresponding period

Alma Media Corporation     Stock Exchange Release    July 9, 2010, at 14.30 (EEST) ALMA MEDIA'S SECOND QUARTER OPERATING PROFIT TO BE SLIGHTLY BELOW THE CORRESPONDING PERIOD Alma Media's comparable operating profit for the second quarter will be slightly below the level of the corresponding period (Q2/2009: 12.2 MEUR), against the company's previous outlook statement. Reasons behind this are weaker than estimated growth in net sales and the aggregate cost development.  The aggregate cost development was partly affected by an ICT expenditure booked for the period but partly caused during previous periods. At the end of April Alma Media estimated that its second quarter comparable net sales and operating profit were expected to be close to the previous year's level. Alma Media will publish its second quarter interim report on 22(nd) July 2010 at 9 am EEST. ALMA MEDIA CORPORATION Tuomas Itkonen, CFO For more information please contact: Tuomas Itkonen, CFO, tel. +358 50 381 0875 Alma Media in brief Alma Media is a profitable and internationally expanding company with a focus on the future of newspapers and online services. Its best known products are the Aamulehti, Iltalehti, Kauppalehti and Alma Media's net sales in 2009 totalled MEUR 307.8 with an operating margin of 13.5 per cent. The company's share (ALN1V) is listed in the NASDAX OMX Helsinki Exchange. Read more at [HUG#1430664] 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. All reproduction for further distribution is prohibited. Source: Alma Media Oyj via Thomson Reuters ONE