MTG is selling its shareholding in Bulgaria's Nova Broadcasting Group to Advance Media Group in a deal that values the business at €185 million ($210 million).
Read More »MTG Secures New Financing
MTG has secured a SEK 1 billion ($112 million) credit facility from Nordea, which will provide additional funding for MTG after the spin-off of Nordic Entertainment Group.
Read More »Nordic Entertainment Delivers for MTG’s Q3
MTG reported record Q3 sales, with 3 percent organic growth, as well as a 28 percent increase in operating profits, even when including SEK 7 million ($775,000) in transaction costs related to the company's split.
Read More »MTG Ups ESL Stake
MTG has increased its interest in leading eSports company Turtle Entertainment to 82.48 percent for 14.3 million euros ($16.6 million) in cash.
Read More »Bulgarian Competition Commission Halts MTG’s Nova Sale
The Bulgarian Commission for Protection of Competition (CPC) has stopped the proposed sale of MTG's majority stake in Nova Broadcasting Group to the Czech investment conglomerate PPF Group.
Read More »CFO in Place for Nordic Entertainment Group
Gabriel Catrina has been appointed as executive VP and group CFO of Nordic Entertainment Group, taking up the post from July 1, when MTG's split into two companies takes effect.
Read More »MTG Takes Over Full Ownership of Zoomin.TV
MTG has increased its ownership in Zoom.in Group from 51 percent to 100 percent, having acquired the remaining 49 percent of the company from Adversa Media Groep.
Read More »MTG Appoints New Leadership Team Members for Post-Split
As MTG prepares to split off into two companies, new leadership team members have been put in place.
Read More »MTG Sets Nordic Entertainment Group Leadership Team
As MTG prepares to split into two companies, the leadership team has been put in place for the Nordic Entertainment Group, which will report to President and CEO Anders Jensen.
Read More »MTG Being Split in Two
Modern Times Group (MTG) has started the process of splitting into two companies, with plans to distribute all shares of its Nordic TV business, Nordic Entertainment Group, to MTG's shareholders.
Read More »