Modern Times Group is a leading 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 channels in the Czech Republic, Hungary, Slovenia, Bulgaria, Macedonia and Ghana. MTG’s TV assets are broadcast in a total of 31 countries and reach over 125 million people. 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.
Kinnevik holds 48.0% of the votes and 20.5% of the capital in MTG.
| Key data (SEK million) |
Jan-June
2010 |
Jan-June
2009 |
| Revenue |
7 394 |
6 920 |
| Operating profit, EBIT * |
1 248 |
822 |
| Net profit |
822 |
582 |
* Excluding one-offs.