Alma Media: Comparable operating profit to fall below the level of the corresponding period

Alma Media Corporation  Stock Exchange Release  17 November 2008 at
15:40

ALMA MEDIA: COMPARABLE OPERATING PROFIT TO FALL BELOW THE LEVEL OF
THE CORRESPONDING PERIOD

Alma Media's comparable operating profit for 2008 will fall below the
last year's level due to slower advertising sales. Previously Alma
Media estimated its operating profit excluding one-time items to be
at the same level as in 2007 (52.9 MEUR).

Alma Media expects its net sales to grow from the previous year in
accordance with its previous estimate.

ALMA MEDIA CORPORATION
Rauno Heinonen
Vice President, Communications and IR

For further information, please contact:

Kai Telanne, President & CEO, tel. +358 10 665 3500
Tuomas Itkonen, CFO, tel. +358 10 665 2244

Distribution:

NASDAQ OMX Helsinki
Principal media


Alma Media in brief

Alma Media is a profitably growing and internationally expanding
company that invests in the future of newspapers and the online
media. Its best known products are Aamulehti, Iltalehti, Kauppalehti
and Etuovi.com.

Net sales in 2007 totalled EUR 329 million and the operating margin
was above 19%. The company's share is listed in the Mid Cap segment
of the OMX Nordic Exchange's Nordic List, trading code ALN1V. More
information at www.almamedia.fi.