Sanoma Magazines

Closure of Gloria

Moscow, 9 February 2009 - Independent Media Sanoma Magazines (IMSM) has decided to close the weekly magazine Gloria. On February 19, the last issue of Gloria will be published.

The decision to close Gloria fits the strategy of IMSM to strengthen its magazine activities by focusing on core brands. At this stage Gloria would need substantially more investments to develop, which in the current economic climate and uncertain market situation is not the focus of IMSM.

About Independent Media Sanoma Magazines:

Independent Media Sanoma Magazines (IMSM) in Russia is part of Sanoma Magazines International. Sanoma Magazines International (SMI), located in Amsterdam, the Netherlands, is a business of Sanoma Magazines. The company has business operations in thirteen European countries. SMI is responsible for Sanoma Magazines’ activities in Central, East and South East Europe. Sanoma Magazines is a division of the Sanoma Group, a strong European media group operating in diverse fields of media in twenty countries.

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Independent Media Sanoma Magazines