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sanoma oyj-unsp adr (SWYBY) 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.

9,597 Employees
Last Reported Date: 03/6/14

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sanoma oyj-unsp adr (SWYBY) Key Developments

Sanoma Appoints Arthur Hoffman as CEO of Sanoma Digital, Effective from August 25, 2014

Sanoma has appointed Arthur Hoffman as the CEO of Sanoma Digital and member of Sanoma's Executive Management Group. Arthur Hoffman joins Sanoma from Expedia, in his most recent role as President of Expedia's Affiliate Network, is managing a worldwide B2B business, and forms part of Expedia’s global executive team. Arthur Hoffman will join Sanoma on August 25, 2014.

Sanoma Plans to Reorganise Dutch Magazine Distribution Business Aldipress to Concentrate on its Commercial Activities

Aldipress announced that is part of Sanoma will further concentrate on its commercial activities for publishers as well as retailers. At the same time the company intends to close down its logistics centre in Duiven and outsource its logistics and transport activities to Media Logistics. The company concluded that the intended measures have become imperative, given the expected continuation of the decline of newsstand sales of magazines in the Netherlands.

Sanoma Corporation Approves Dividend, Payable on 23 April 2014; Authorises the Distribution of Additional Dividend; Elects Pekka Ala-Pietilä and Nils Ittonen as Board Members

The board of directors of Sanoma Corporation at its annual general meeting held on 9 April 2014 resolved that a dividend of EUR 0.10 per share shall be paid and a sum of EUR 550,000 shall be transferred to the donation reserve and used at the board of directors' discretion. The record date for distribution of dividends is 14 April 2014 and in Finland, the dividends will be paid on 23 April 2014. Outside Finland, the actual dividend payment date will be determined by the practices of the intermediary banks transferring the payments. In addition, the AGM authorised the board of directors to decide on the distribution of additional dividend of no more than EUR 0.20 per share. The distribution of additional dividend can be made in one or more instalments. The board can also decide not to use this authorisation. The AGM decided that the authorisation includes the right for the Board to decide on all other conditions relating to the distribution of additional dividend. The authorisation is effective until the next annual general meeting. The board also announced that Pekka Ala-Pietilä and Nils Ittonen were elected as new Board members.


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