Sanoma sells its Czech operations
Sanoma announced on 23 December 2013 that it has sold its Czech operations – Sanoma Media Praha, Sanoma Media CZ and Websitemaster – to Astrosat, the Czech joint venture of Vltava-Labe-Press (Verlagsgruppe Passau) and rtv media group. This transaction marks the departure of Sanoma from the Czech market.
In 2012, the net sales for Sanoma’s Czech operations totaled some €17m.
The company says this divestment is in line with Sanoma’s strategy to focus its operations and divest selected ownerships.
