MTG acquires 50% of satellite pay-TV platform Raduga TV

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FDN Database Reference:  F231109-319
Acquirer:  Modern Times Group MTG AB
ACQ Web:
Location:  Sweden, Stockholm
Region:  Europe
Description:  Modern Times Group is an international entertainment broadcasting group with the second largest geographical broadcast footprint in Europe. MTG’s Viasat Broadcasting is the largest free-TV and satellite premium pay-TV operator in Scandinavia and the Baltics, and also operates free-TV channels in the Czech Republic, Hungary, Slovenia Bulgaria, Macedonia and Ghana. MTG’s TV assets are broadcast in a total of 30 countries and have 125 million viewers. MTG is also the major shareholder in Russia’s largest independent television broadcaster (CTC Media – Nasdaq: CTCM), and the number one commercial radio operator in the Nordic and Baltic regions.
Category:  Media, Entertainment, Television
Contact 1:  Hans-Holger Albrecht, President and CEO
Contact 2:  Mathias Hermansson, Chief Financial Officer
Contact 3:  Anders Nilsson, Chief Operating Officer & CEO MTG Online
Vendor:  Continental Media S.A.
Vendor Web:
Business Sold: Raduga Holdings S.A.
Location: Russia
Region:  Europe
Description:  Raduga is the sole owner of LCC DaoGeoCom, which operates Russian nationwide DTH satellite pay-TV platform Raduga TV. Raduga TV was launched in February 2009 and had 70,000 active subscribers as at 31 December 2009. The platform offers a package of more than 50 TV channels, including a wide range of Russian channels, as well as the localised versions of leading international channel brands.
Category: Television
Aprox. Value:  Undisclosed
Details:  Modern Times Group MTG AB has acquired 50% of Raduga Holdings S.A. from Continental Media S.A. for an undisclosed consideration in cash.The remaining 50% interest in Raduga has been retained by Continental Media S.A. The two owners will share management control of Raduga, which will be proportionately consolidated by MTG and reported in the Group’s ‘Pay-TV Emerging Markets’ business segment within the Viasat Broadcasting business area.
Link: Press Release

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