Finnish media group SanomaWSOY Tuesday announced in a statement it would stop publishing the print version of the business daily Taloussanomat at the end of the year.

"Taloussanomat has great opportunities in the Internet. We will transfer our resources to the place where the future of financial publishing lies. This is an important strategic decision," said Mikael Pentikäinen, the chief executive of Sanomat, SanomaWSOY's newspaper division, in a statement.

SanomaWSOY underlined this decision would not cause any job cuts at the present time, according to NewsRoom Finland.