{"id":9094,"date":"2019-02-22T11:04:29","date_gmt":"2019-02-22T16:04:29","guid":{"rendered":"https:\/\/dev2.worldscreen.com\/tveurope\/mtg-sells-off-nova\/"},"modified":"2019-02-22T11:48:08","modified_gmt":"2019-02-22T16:48:08","slug":"mtg-sells-off-nova","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tveurope\/2019\/02\/22\/mtg-sells-off-nova\/","title":{"rendered":"MTG Sells Off Nova"},"content":{"rendered":"<p>MTG is selling its shareholding in Bulgaria&#8217;s Nova Broadcasting Group to Advance Media Group in a deal that values the business at \u20ac185 million ($210 million).<\/p>\n<p>Nova is Bulgaria\u2019s largest commercial media group, comprising seven TV channels, as well as complementary online businesses that reach on average 74 percent of the Bulgarian population every month. MTG first entered Bulgaria in 2007 by investing in Balkan Media Group and then acquired Nova in 2008 before merging the two businesses the following year.<\/p>\n<p>J\u00f8rgen Madsen Lindemann, MTG&#8217;s president and CEO, said: \u201cThis deal with Advance Media Group will ensure the continued development of Nova, which CEO Didier Stoessel and his team have grown into Bulgaria\u2019s leading commercial media group. I would like to thank everyone who has made this sustained success possible. This transaction is in line with our strategic decision to find new owners to invest in our international entertainment operations, while we focus on our global digital verticals. Following the forthcoming distribution of NENT Group, MTG will be a standalone strategic operational and investment holding company focused on esports and online gaming.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MTG is selling its shareholding in Bulgaria&#8217;s Nova Broadcasting Group to Advance Media Group in a deal that values the business at \u20ac185 million ($210 million).<\/p>\n","protected":false},"author":350,"featured_media":9095,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[178,1527],"class_list":["post-9094","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-top-stories","tag-mtg","tag-nova-broadcasting-group"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MTG Sells Off Nova - TVEUROPE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/worldscreen.com\/tveurope\/2019\/02\/22\/mtg-sells-off-nova\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MTG Sells Off Nova - TVEUROPE\" \/>\n<meta property=\"og:description\" content=\"MTG is selling its shareholding in Bulgaria&#039;s Nova Broadcasting Group to Advance Media Group in a deal that values the business at \u20ac185 million ($210 million).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/worldscreen.com\/tveurope\/2019\/02\/22\/mtg-sells-off-nova\/\" \/>\n<meta property=\"og:site_name\" content=\"TVEUROPE\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-22T16:04:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-02-22T16:48:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/worldscreen.com\/tveurope\/wp-content\/uploads\/sites\/14\/2017\/07\/Jorgen-Madsen-Lindemann-MTG-1218.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"321\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kristin Brzoznowski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kristin Brzoznowski\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/worldscreen.com\/tveurope\/2019\/02\/22\/mtg-sells-off-nova\/\",\"url\":\"https:\/\/worldscreen.com\/tveurope\/2019\/02\/22\/mtg-sells-off-nova\/\",\"name\":\"MTG Sells Off Nova - 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