Ilkka and Kaleva merge their businesses – Kaleva's CEO says that media concentration serves the reader

Kaleva Media CEO Juha Laakkonen says that the company arrangements make it possible to produce local journalism profitably, which is in the public's interest.

The transaction is expected to be completed by April 30. Ilkka will record a profit of approximately four million euros. The potential impact of the transaction on Ilkka's 2025 financial outlook will be published later.

Media companies Ilkka and Kaleva are merging their businesses. In a corporate transaction implemented as a share exchange, I-Mediat Oy, which operates Ilkka's media business, will be fully owned by Kaleva365 Oy. After the arrangement, Kaleva Oy owns 65 percent of Kaleva365 and Ilkka Oyj 35 percent.