MTG Reports Q3 Gains

STOCKHOLM, October 23: Modern Times Group’s (MTG)
revenues for the third quarter rose 15 percent to SEK 2.6 billion ($404.8
million), while profit was up just 1 percent to SEK 292 million ($45.2
million).

For the quarter, Viasat Broadcasting’s revenues
rose 16 percent to SEK 2.02 billion ($313.3 million), delivering an operating
income of SEK 400 million ($62 million). The business’s strongest segment is
its Nordic pay-TV operation, with revenues of SEK 909 million ($140.9 million),
a 13 percent gain. Free-to-air TV in Scandinavia saw revenues rise 3 percent to
SEK 672 million ($104.1 million). The Central and Eastern European operations
showed the biggest gain, of 35 percent, to SEK 494 million ($76.6 million).

—By
Mansha Daswani