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

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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.

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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.

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Ownership

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.