Modern Times Group MTG AB (MTG) is a publicly listed company. The Group’s Class A and Class B shares are listed on Nasdaq OMX Stockholm’s Large Cap list under the symbols MTGA and MTGB. The Company’s registered office is located at Skeppsbron 18, P.O. Box 2094, SE-103 13 Stockholm, Sweden. The Company’s registration number is 556309-9158.
Operations
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 free-TV channels in the Czech Republic, Hungary, Slovenia, Bulgaria, Macedonia and Ghana; pay-TV channels throughout Central & Eastern Europe and in the United States; and a satellite premium pay-TV platform in Ukraine. MTG’s TV assets are broadcast in a total of 29 countries and reach over 100 million people. MTG is also the major shareholder in Russia’s largest independent television broadcaster - CTC Media (Nasdaq: CTCM).
MTG is the largest commercial radio operator in the Nordic region and the Baltic countries. MTG Radio owns the largest commercial radio broadcasting networks in Sweden and Norway and has an equity stake in the largest commercial radio broadcasting network in Finland, as well as rapidly growing radio stations and networks in the Baltic countries. MTG Radio’s stations reach over three million listeners every day.
The Group’s Online business area includes the leading Nordic entertainment retailer CDON.COM, Gymgrossisten.com, Bodystore.com, Nelly.se, Linus-Lotta.com, BookPlus.fi, Bet24.com and Playahead.se.
The Modern Studios business area comprises companies that produce and license a wide range of content, including TV production company Strix Television.
Business Review
2008 was a record year for MTG, both in terms of sales and profitability. The Group’s underlying operating margin increased to 20% from 18%, when excluding non-recurring items. These results reflect the strength of the Group’s geographically diversified and structurally integrated broadcasting business, which generates subscription and advertising revenue streams in equal amount and spans content production and licensing.