MTG agrees to sell Nordic TV and entertainment assets

MTG has agreed to sell its Nordic broadcasting and entertainment business to Danish telco TDC in a deal that values the business at SEK19.55 billion (US$2.5billion). MTG will merge its Nordic Entertainment and MTG Studios businesses, which employ 1,800 people combined, with TDC to create a fully integrated media and communications provider. The new company […]

MTG investor buys into Com Hem

Swedish investment firm Kinnevik has bought an 18.5% stake in Scandinavian TV and telecoms provider Com Hem in a SEK3.7 billion (US$418.6 million) deal. Kinnevik, which is also an investor in Swedish telco Tele2 and Nordic entertainment group MTG, agreed to buy 33.9 million Com Hem shares from NorCell – the indirect investment holding company […]

CTC speaks out about Russian media law

CTC Media and its part stakeholder Modern Times Group have each said they are evaluating their business interests after Russian legislators moved to limit foreign ownership of media firms. Responding to new legislation that passed the first reading in the lower house of the Russian Parliament, the State Duma, earlier this week, Russia’s CTC Media […]

MTG programming exec departs for Millicom

Louise Ernst has left her position of head of programming at Modern Times Group’s Viaplay to join Millicom, TBI has learned. Ernst has been at Viaplay, the on-demand service run by MTGx, since 2012, and in different positions at divisions of parent company MTG since 2005. Latin America and Africa-focussed telco and media firm Millicom […]