Sanoma completes the acquisition of Metroradio Finland – Nelonen Media market leader in commercial radio
Press Release 02/07/2012 10:00
Sanoma announced on 16 May 2012 the acquisition of Metroradio Finland Oy and Mediasales Finland Oy. The transaction was closed on 1 July and acquired operations have been consolidated to Sanoma.
After the acquisition, Nelonen Media is the market leader in Finnish commercial radio. Nelonen Media has now five radio channels which are Radio Aalto, Radio Rock, Radio SuomiPOP, GrooveFM and Metro FM. In total almost two million Finns listen weekly these five radio channels of Nelonen Media.
In addition to its radio business, Nelonen Media has eight television channels (Nelonen, Liv, Jim, Nelonen Pro 1 ja Pro 2, Nelonen Kino, Nelonen Perhe and Nelonen Maailma) and an online TV service, Ruutu.
Anu Nissinen, CEO, Sanoma Media Finland, tel. +358 (0)10 707 7000
Hans Edin, President, Nelonen Media, tel. +358 (0)40 050 0489
Kari Laakso, Director, Nelonen Media Radio, tel. +358 (0)40 502 5186
Sanoma Media Finland is a multichannel media house known for its impressive portfolio of brands. Our magazines, TV and radio channels, and online and mobile services reach Finns and provide an extensive range of exciting content and entertainment. Sanoma Media Finland comprises two businesses: Nelonen Media, which concentrates on TV and radio, and Sanoma Magazines, Finland's leading magazine publisher.
Sanoma Media Finland is part of the Sanoma Group, a strong European media group operating in diverse fields of media in some 20 countries.