Posted: Tue., May 21, 2002, 3:21pm PT

RSS
Email Author
Print Article
Email Article
Digg
Discussions

Scandinavia's Modern sells stake

World Brief

Scandinavian media company Modern Times Group has sold off 5% of its 20.1% stake in commercial web TV4 Sweden in a move widely seen as part of an effort to build a war chest for future expansion.

Sale coincides with reports that pan-Euro SBS -- which has channels across Sweden, Norway and Denmark -- has asked an unnamed investor to evaluate its Nordic properties for possible sale.

MTG will receive 200 million Swedish kroner ($19.5 million) from the sale of 1 million shares in TV4, leaving its remaining shareholding at 3 million shares.

TALKBACK:

Have an opinion about this article? Be the first to comment


Q What are the top 3 things affecting our industry today?
A. Chloe - Internet, recession, fashionmore >


Submit this form
Tressa, one of the many stars of A&E's 'Intervention,' talks about her lengthy battle with methamphetamine. ; reality show; intervention; A&E; emmy contenders; drug addicts; variety; Interviews with Erick McCormack, Daniel Dae Kim & Christa Miller, stars of A&E's new sci-fi thriller, 'The Andromeda Strain.'; Erick McCormack; A&E; tv; sci-fi; The Andromeda Strain; variety; Daniel Dae Kim & Christa Miller;


© 2008 Reed Business Information, a division of Reed Elsevier Inc. All rights reserved. Use of this website is subject to its Terms & Conditions of Use. View our Privacy Policy.