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SanomaWSOY Corporation subsidiary considers sale of its movie distribution company

Nordic Business Report, Oct 11, 2007

NORDIC BUSINESS REPORT-11 October 2007-SanomaWSOY Corporation subsidiary considers sale of its movie distribution company(C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com

Finnish media group SanomaWSOY Corporation said on Thursday (11 October) that its subsidiary Sanoma Magazines is considering the possibilities of selling its movie distribution company R.C.V. Entertainment B.V.

The company is the largest independent distributor of film in the Benelux countries, SanomaWSOY said.

Sanoma Magazines' strategy is to focus on its core activities, i.e. magazine publishing and online operations, the company added.

SanomaWSOY is a media group in the Nordic region and operates in over 20 European countries. The company has 17,000 employees. SanomaWSOY is listed on the Nordic Exchange in Helsinki.

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