Sanoma Corporation, Press Release, 9 January 2013 at 14:20 CET+1

Finland’s leading magazine publisher, Sanoma Magazines, and the country’s largest learning solutions provider, Sanoma Pro, are to move to a joint office building in the Ruoholahti district of central Helsinki in spring 2015. Together with Sanoma House, the building will form a city-centre campus focused on promoting close co-operation and new media innovations across the Sanoma Group.

Sanoma Magazines and Sanoma Pro will be based at Porkkalankatu 20 from 2015 on, and the companies will be the main users of the building, which is owned by Sponda. Following the move, Sanoma’s business operations in Helsinki will be concentrated at two central locations, linked by the recently opened Baana city cycle route among others.

“Sanoma’s business operations, both in Finland and internationally, are set to cooperate with each other more closely in the future. By bringing units currently based at various locations together as part of the new Helsinki campus, we will open up new opportunities for developing activities across a broad front and innovating new products that bridge the divide between different areas of the media,” says Sanoma’s President and CEO, Harri-Pekka Kaukonen. “It will also enable us to offer our personnel an even more attractive and flexible workplace and reduce people’s need to travel between numerous different locations.”

Work on creating Sanoma’s new city-centre campus began at the end of last year when Nelonen’s TV news team was integrated into the Helsingin Sanomat organisation and transmissions started from a new studio in Sanoma House. Nelonen Media will move from its current offices on Tehtaankatu to Sanoma House during the second half of this year, when the studios of its five radio stations will move to the building’s ground-floor Media Square.

Rationalising office space in this way will bring major cost savings, and these form part of the Group’s three-year EUR 60 million cost-saving programme. The future use and development of Sanoma Pro’s current building at Bulevardi 14, which is owned by Sanoma, is currently being studied. The Sanoma-owned building at Bulevardi 12, which used to house WSOY, has been let out as offices. Nelonen Media and Sanoma Magazines are currently based in rented office space.

Additional information
Managing Director Clarisse Berggårdh, Sanoma Magazines Finland, tel. +358 9 120 5020
Managing Director Salla Vainio, Sanoma Pro, tel. +358 40 502 6323

Sanoma inspires, informs and connects. Sanoma is a leading European group with a focus on consumer media and learning. We bring information, experiences, education and entertainment to millions of people every day. We employ nearly 11,000 professionals in some 20 countries. In 2011, the Group’s restated net sales totalled EUR 2.4 billion. Sanoma shares are listed on the NASDAQ OMX Helsinki.