Swedish based Modern Times Group (MTG, www.mtg.se) which operates channels in the Baltics, Bulgaria, Czech Republic, Hungary, Romania, and Slovenia, reported a net rise in sales of 11% to 378 million euros, and a 42% rise in net income to 27 million euros for on year quarter 3 results. MTG published its Q3 report on 19 October 2010.
The company's channels in the Baltics showed a decline in viewer share from Q2 2010, but it was slightly up from Q3 2009, most notably in Latvia, where the group's stations garnered a 38.4% share. Estonia registered 40% and Lithuania 41.8%.
The company's two Czech channels recorded their best showing to date, at 25.9%. Channels in other territories stayed on par or fell slightly. All CEE channels operated at a loss, but consolidated costs led to reduced losses across the region.
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