Oct 26 2015
Modern Times Group (MTG) has completed the sale of its Russian and international pay TV channel businesses for a total of US$45.5 million. Russian company LLC Sinerdzhi has acquired the Russian channels business while Sabiero Holdings Limited, a subsidiary of private equity firm Baring Vostok, has acquired MTG’s international channels business. The deal, which is […]
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Mar 17 2017
MTG sells Baltic channels for $124m
Scandinavian media group MTG is offloading more of its broadcast network, this time selling its businesses in Estonia, Latvia and Lithuania for €115m (US$124m). MTG has signed an agreement to sell its free TV, pay TV, digital and radio businesses in the Baltic region to Providence Equity Partners, the global asset-management firm that owns Eastern […]
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By Expat • Baltic, UK Media News • Tags: five in Latvia (TV3, Kanals 2, LNT, Modern Times Group (MTG), TV3, TV6)