MTG assumed management control of LNT as of 1 June 2012. The results for LNT
will be reported as part of the Group's Baltic free-TV operations, which are
included in the ‘Baltics, Czech Republic and Bulgaria' segment of MTG's
financial reports.
LNT is the second largest free-TV operator in Latvia, and broadcasts national
channel LNT, Russian language channel TV5 and entertainment channel Kanals 2.
03-06-2012
MTG Buys Latvia’s LNT
By FNE StaffModern Times Group (MTG, www.mtg.se) the international entertainment broadcasting group, completed the acquisition of 100% of the Latvian free commercial TV group AS Latvijas Neatkarīgā Televīzija (LNT, www.lnt.lv) for an undisclosed cash consideration, following approval from the Latvian Competition Council.
Published in
Latvia