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April 1999
1.4.1999 00:00
Stock Exchange Releases
The companies merging to form Sanoma-WSOY Oyj, i.e. Werner Söderström Corporation - WSOY, Sanoma Corporation, Helsinki Media Company Oy as well as Oy Devarda Ab which is a shareholder in the two last-mentioned companies, have today submitted an application for a listing on the Helsinki Stock Exchange on behalf of Sanoma-WSOY Oyj formed as a result of the merger and starting operations on 1 May...
March 1999
22.3.1999 00:00
Stock Exchange Releases
Sanoma Corporation's subsidiary Startel has acquired Esmerk Oy's entire share capital. The sellers were Kari and Satu Salonen and Thomson Corporate Publishing Finland Oy. Esmerk produces article abstracts from more than 1,000 different information sources world-wide, tailored to customers' needs. Esmerk's net sales totalled FIM 29.3 million in 1998, and its net result was FIM 1.8 million. About...
16.3.1999 00:00
Stock Exchange Releases
WSOY Group's operative result declined to FIM 200.7 million (229.9) but was the second best in the company's history. Boosted by the profits from the sales of assets, the profit for the period increased to FIM 624.7 million (186.2). The proposed dividend per share is FIM 10.25. According to the pro forma financials, Sanoma-WSOY Oyj's net sales totalled FIM 7,443 million (FIM 7,077) and profit b...
10.3.1999 00:00
Stock Exchange Releases
Sanoma Corporation has today increased its holding in Kymen Lehtimedia Oy to 100 %, after Maakuntien Viestintä Oy, Suomen Viestintärahoitus Oy and Eteenpäin Osakeyhtiö had expressed their desire to sell their holdings. Kymen Lehtimedia Group's net sales amounted to FIM 489 million in 1998 and its operating profit was FIM 68 million. As an investment, Kymen Lehtimedia Oy is an attractive company...
February 1999
25.2.1999 00:00
Stock Exchange Releases
Werner Söderström Corporation - WSOY's result before extraordinary items differs from the forecast presented in interim report 1 January to 31 August 1998 due to the weaker than expected result trend of the acquired companies, the exceptionally high depreciation for obsolescense realised in the parent company, as well as the operational investments related to a reorientation of business. WSOY...
11.2.1999 00:00
Stock Exchange Releases
Helsinki Media Company Oy which will merge into Sanoma-WSOY Corporation has today increased the holding and vote of its wholly owned Norwegian subsidiary Helsinki Media Company A/S in the Norwegian based A-pressen ASA to 20 per cent. The shares have been acquired in several lots and the price of the total holding is NOK 220 million. A-pressen is the second largest publicly listed media corpor...
1.2.1999 00:00
Stock Exchange Releases
The companies that will comprise the future Sanoma-WSOY Group, i.e. Werner Söderström Corporation - WSOY, Sanoma Corporation, Helsinki Media Company Oy and Oy Ruutunelonen Ab, have today submitted applications to the Council of State for licenses to operate four new digital TV channels. Quick start-up and the shortest possible period of transition from analog to digital technology are critica...
December 1998
30.12.1998 00:00
Stock Exchange Releases
WSOY's subsidiary Tuotantotalo Werne Oy acquires the TV and video production business of Helsinki Televisio Oy (HTV). The transaction will enter into force on 1 January 1999. HTV is a subsidiary of Helsinki Media Company Oy. Werne will pay the consideration for the transfer of business by means of a share issue directed to HTV. After the increase of share capital, WSOY owns 76 % of Werne's sh...
30.12.1998 00:00
Stock Exchange Releases
The communications schedules of Werner Söderström Corporation - WSOY, Sanoma Corporation, Helsinki Media Company Oy as well as Oy Devarda Ab which owns shares in the two last mentioned companies are as follows. The companies will merge on 1 May 1999 to form Sanoma-WSOY Oyj. Advance information on Werner Söderström Corporation's financials for 1998 will be published on Tuesday, 16 March 1999 at...
16.12.1998 00:00
Stock Exchange Releases
Helsinki Media Company, one of the merging parties in Sanoma-WSOY, has today closed a deal on behalf of its wholly owned Norwegian subsidiary Helsinki Media Company A/S to acquire 10.3 % of the shares and votes in the Norwegian A-pressen ASA. The consideration was NOK 95.8 million (FIM 62.5 million). The company's Board of Directors has given its consent for the transaction as required by A-pre...
November 1998
27.11.1998 00:00
Stock Exchange Releases
Mr. Lauri Tenhunen, M. Sc. (Econ), Docent, (48) has been appointed Senior Vice President of WSOY's Educational Materials, with management responsibility for its results. The appointment will become effective on 1 March 1999. Mr. Tenhunen will also be a member of WSOY's board of management. Mr. Tenhunen is currently Director of Jyväskylän koulutuskuntayhtymä (the Jyväskylä Confederation of Muni...
10.11.1998 00:00
Stock Exchange Releases
Helsinki Media Company Oy has sold its 12.7 % shareholding in the Norwegian cable TV company Janco Multicom AS to United Pan-Europe Communications N.V. The selling price was NOK 145,960,000. For additional information: Mr. Tapio Kallioja, President, Helsinki Media Company Oy; tel. +358 9 1201. Werner Söderström Corporation - WSOY Aarno Heinonen Executive Vice President Distribution: HEX Hels...
October 1998
14.10.1998 00:00
Stock Exchange Releases
Mr. Antti-Pekka Pietilä (44) is appointed President of Startel Oy and publisher of Taloussanomat as from 1 January 1999. He will continue as the responsible Editor-in-Chief of Taloussanomat and news agency Startel. Startel Oy's present President Mr. Sakari Almi will retire on 31 January 1999 at the age of 65 after a full term of service. WERNER SÖDERSTRÖM CORPORATION Aarno Heinonen Executive...
September 1998
1.9.1998 00:00
Stock Exchange Releases
The Board of Directors of Sanoma-WSOY Oyj which will become operative on 1 May 1999 has today appointed Mr. Jaakko Rauramo as President and CEO of the company and Mr. Antero Siljola as his deputy. Also the following persons were appointed as members of Sanoma-WSOY's management team: Mr. Aarno Heinonen, responsible for finance and administration, Mr. Nils Ittonen, investment, Ms. Kerstin Rinne,...
August 1998
28.8.1998 00:00
Stock Exchange Releases
Otava will purchase WSOY's holdings in Yhtyneet Kuvalehdet Oy, Suuri Suomalainen Kirjakerho Oy and Acta Print Oy. WSOY and Otava will continue their book club co-operation on a commercial basis. The Board of Directors of Werner Söderström Corporation - WSOY has today, 28 August, approved the agreement by which Kustannusosakeyhtiö Otava will purchase WSOY's 50 per cent holdings in the jointly o...
27.8.1998 00:00
Stock Exchange Releases
Mr. Heikki Kokkonen has today announced that he will resign from WSOY's Board and leave his post as Vice President of WSOY's Educational Materials Division for health reasons. Ms. Sirkka Varstala, Assistant Vice President of WSOY's Educational Materials will assume the responsibilities of acting Vice President of the Division as from 1 September 1998. Mr. Kokkonen will continue in the WSOY Gro...
10.8.1998 00:00
Stock Exchange Releases
Today 10 August 1998, WSOY's Extraordinary General Meeting has approved the merger plan involving WSOY, Sanoma Corporation, Helsinki Media Corporation and Oy Devarda Ab. The other parties approved the plan on 29 June 1998. The merger will enter into force on 1 May 1999. According to the now approved plan, Werner Söderström Osakeyhtiö - WSOY, Sanoma Corporation, Helsinki Media Corporation as we...
June 1998
30.6.1998 00:00
Stock Exchange Releases
Helsinki Media and Sanoma Corporation, currently being merged with Werner Söderström Osakeyhtiö - WSOY to form Sanoma-WSOY Oyj, have made an agreement with the TS-Group concerning their printing operations. BACKGROUND Werner Söderström Osakeyhtiö - WSOY, Sanoma Corporation, Helsinki Media Company Oy and Oy Devarda Ab have agreed to merge by founding a new company whose proposed name is Sanoma-...
29.6.1998 00:00
Stock Exchange Releases
The general meetings of Sanoma Corporation, Helsinki Media Group and Oy Devarda Ab have today approved the merger plan. Under the plan, WSOY, Sanoma Corporation, Helsinki Media Group and Devarda will merge to form a new company called Sanoma-WSOY Oyj. The merger is scheduled to enter into force on 1 May 1999. WSOY's extraordinary meeting will deal with the merger plan today, 29 June 1998 at 17...
26.6.1998 00:00
Stock Exchange Releases
Sanoma Corporation and Helsinki Media have today released their operational overviews for January - April 1998. WSOY's interim report was released on June 12, 1998. According to the merger plan, the companies will merge to form a new company, Sanoma-WSOY Oyj, as of May 1, 1999. Boards of directors of Werner Söderström Osakeyhtiö - WSOY, Sanoma Corporation, Helsinki Media Company Oy and Oy Deva...
25.6.1998 00:00
Stock Exchange Releases
Sanoma Corporation and Helsinki Media will release their operational overviews for January - April 1998 on Friday 26 June 1998 at 10 a.m. According to the merger plan, Werner Söderström Osakeyhtiö - WSOY, Sanoma Osakeyhtiö, Helsinki Media Company Oy and Oy Devarda Ab will merge to form a new company, Sanoma-WSOY Oyj, as of May 1, 1999. WERNER SÖDERSTRÖM OSAKEYHTIÖ - WSOY Riitta Numminen Secre...
18.6.1998 00:00
Stock Exchange Releases
The merger memorandum concerning the combination merger of Werner Söderström Osakeyhtiö - WSOY, Sanoma Corporation, Helsinki Media Corporation and Oy Devarda Ab has today been distributed to the Helsinki Stock Exchange and principal media. The merger memorandum is at the same time serving as listing particulars. It has been mailed to the shareholders of the merging companies and is available a...
8.6.1998 00:00
Stock Exchange Releases
The Extraordinary General Meeting of WSOY held today approved the amendment to the Articles of Association, proposed by the Board of Directors. The name of the company was changed to Werner Söderström Oyj - WSOY (Werner Söderström Corporation - WSOY). A conversion clause was added to the Articles of Association. Werner Söderström Osakeyhtiö - WSOY's legal form was changed to a public limited c...
4.6.1998 00:00
Stock Exchange Releases
Werner Söderström Osakeyhtiö - WSOY´s interim report for 1 January to 30 April 1998 will be published already on Friday 12 June 1998 at 8.00 a.m. The publication date announced earlier was Tuesday 16 June 1998. WERNER SÖDERSTRÖM OSAKEYHTIÖ - WSOY Riitta Numminen Secretary to the Boards of Directors DISTRIBUTION: Helsinki Stock Exchange Principal media
2.6.1998 00:00
Stock Exchange Releases
Sanoma Corporation has acquired 20 % of the share capital in Janton Oy from its present shareholders in a transaction closed today. All sellers will remain shareholders in Janton Oy also after the acquisition. Sanoma Corporation intends to develop and improve the efficiency of its distribution functions. Janton Oy specialises in unaddressed distribution of printed products, and is the leading...
May 1998
15.5.1998 00:00
Stock Exchange Releases
WSOY, Sanoma Osakeyhtiö, Helsinki Media as well as Devarda, which is a shareholder in the two first-mentioned companies, will merge to form a new company, Sanoma - WSOY Oyj. The new company will be Scandinavia?s second largest media corporation, and Rautakirja will be its subsidiary. The merger will enter into force on 1 May 1999. A press conference about the matter will be held on 15 May 1998...
