Modern Times Group (MTG) has completed the sale of its 95% stake in the Bulgarian broadcaster Nova to Advance Media Group.
MTG Nova sale receives approval
The sale of the Bulgaria’s Nova by Modern Times Group (MTG) to Advance Media Group has received regulatory approval.
MTG confirms Nova TV sale
Modern Times Group (MTG) has confirmed earlier reports, quoted in Broadband TV News, by announcing that it has sold its 95% share in Bulgaria’s Nova Broadcasting Group.
ViaPlay continues to lift MTG
MTG said it was looking to third party distribution sales that were helping to compensate for what Jørgen Madsen Lindemann, President & Chief Executive Officer described as a “structural decline” in satellite and DTV.
MTG senior management changes
Lars Torstensson to take up position as MTG EVP, Head of Communications & Investor Relations from 19 June 2019.
MTG terminates Nova sale agreement
Modern Times Group (MTG) has terminated an agreement to sell its stake in Bulgaria’s Nova Broadcasting Group to the Czech-owned PPF Group.
NENT Group plans listing for Q1 2019, appoints new board directors
Following the completion of Kinnevik AB’s distribution of its entire shareholding in MTG to its shareholders in August,
Bulgaria blocks MTG Nova sale
Bulgaria’s Commission for the Protection of Competition (CPC) has prohibited the sale of Nova Broadcasting Group and its subsidiaries Net Info and Agency Eva by Modern Times Group (MTG) to PPF Group.
MTG continues to stack up the profits
MTG has recorded increased profits of 12%, despite costs relating to its failed merger with TDC, and ongoing separation.
Nordic Entertainment Group launches new brand
Nordic Entertainment Group (NENT Group) will operate as a separate organisation from July 1, prior to its proposed listing on Nasdaq Stockholm later in the year.
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