Sanoma Magazines International Divests Sanoma Magazines Slovakia [27.7.2010 15:31]
Sanoma Magazines International
has sold its subsidiary Sanoma Magazines Slovakia to
Ecopress. The transaction marks Sanoma Magazines
International's withdrawal from the Slovakian
business-to-business magazine market. Sanoma Magazines
International maintains an active presence in online media in
Slovakia through a portfolio that will be managed from the
Czech Republic by Sanoma Magazines Praha.
The divesture of Sanoma Magazines
Slovakia is an important step for Sanoma Magazines in its strategy
to focus on core products and core markets. The company is actively
developing its portfolio in consumer magazines and online media and
aims to grow market leading positions in all its operating markets.
In Slovakia, Sanoma Magazines' portfolio was limited to magazines
and magazine extensions (like conferences) in the
business-to-business market. In this market, Sanoma Magazines
Slovakia developed into a strong market leader under Sanoma
Magazines International's ownership.
Ecopress, founded in 1992 and based
in Bratislava, is best known for publishing Slovakia's leading
financial newspaper Hospodarske Noviny (hnonline.sk). The company
is a subsidiary of the Czech publisher Economia. By acquiring the
business of Sanoma Magazines Slovakia, the company extends its
Slovak business with business-to-business publishing.
Sanoma Magazines International
remains present in Slovakia through home deco portal Tvojdom.sk and
website building service eStranky.sk. Management and development of
the Slovak online media portfolio will be handled by Sanoma
Magazines Praha from the Czech Republic. Sanoma Magazines Praha
intends to fortify the online media portfolio in the future with
other properties.
Sanoma
Magazines International is part of the Sanoma Group's magazine
division, Sanoma Magazines.