Last €5.36 EUR
Change Today -0.029 / -0.54%
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As of 1:21 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

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sanoma oyj (SNQB) Details

Sanoma Oyj operates as a media and learning company the Netherlands, Belgium, Russia, Central and Eastern Europe, and internationally. The company publishes approximately 250 magazines; daily and regional newspapers, as well as free sheets and tabloids; and digital media and online news. It also operates online and mobile media; Websites, mobile sites, and apps; various television networks and radio stations. In addition, the company offers personalized learning content and teacher workflow solutions, including learning materials and solutions in print and digital formats. Further, it provides marketing, language and translation, custom publishing, event marketing, and books and printing services. Sanoma Oyj is based in Helsinki, Finland.

8,721 Employees
Last Reported Date: 07/25/14

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sanoma oyj (SNQB) Key Developments

Sanoma Denies Sale Of Its Russian Business

Sanoma Oyj (HLSE:SAA1V) has denied information on the sale of its Russian business. Russian business has not been sold. Talks with investors interested continue," head of the Sanoma department for ties with investors was quoted as saying on Thursday by Vedomosti. A number of Russia mass media outlets had reported the sale of Sanoma Independent Media (SIM) earlier.

Sanoma Announces Executive Changes

Sanoma has appointed Hans Edin as Group Head of Television as of 1 January 2015. For the last one and a half years, he has been interim CEO of SBS Broadcasting, Sanoma’s Dutch television joint venture with Talpa Media. As of 1 October 2014, Peter de Mannink will start leading SBS Broadcasting. De Mannink, CEO of Sanoma Media Netherlands, will combine this responsibility with his present duties. As Group Head of Television Hans Edin will be responsible for developing Sanoma’s future TV strategy and building operational excellence in the TV operations. In this role he will cooperate closely with Sanoma’s TV management in the Netherlands and Finland. Edin will also join the Supervisory Board of SBS Broadcasting and reports to Sanoma’s President and CEO Harri-Pekka Kaukonen.

Preliminary Bid May Be Filed For Purchase Of Sanoma Assets

A company affiliated with Peter Gerwe may be interested in acquiring the Russian assets of Sanoma Oyj (HLSE:SAA1V). The company has reportedly filed a preliminary bid for acquiring Sanoma’s subsidiaries engaged in publishing Vedomosti newspaper, Cosmopolitan and Esquire magazines. Sanoma has allegedly got a proposal that can be considered by the Board of Directors in August 2014-September 2014.


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