MODERN TIMES GROUP
In 1997, the group posted a net loss of pounds 23 million on turnover of
pounds 112 million.
Television The flagship advertising-supported brand, TV3, has five
separate satellite-delivered channels targeting Sweden, Denmark, Norway,
Lithuania and Estonia. Niche channels include 3+ in Denmark and the
music channel, ZTV, in both Sweden and Lithuania. Pan-regional pay-TV
channels include TV1000, TV1000 Cinema and TV6. These are supported by
the ViaSat subscription management operation, which markets packages
including channels from the major international media owners, including
CNN, Eurosport, MTV and Sky.
The group also has a 23 per cent stake in the leading Swedish commercial
Programme production and facilities Spice/Sonet, one of Sweden’s largest
film producers; Strix, which produces peaktime shows for Swedish
television channels; SDI, the region’s leading company specialising in
subtitling and dubbing.
Radio Radio Rix, Sweden’s largest commercial network. Also owns P4 in
Publishing Three Metro freesheet operations - Stockholm, Gothenburg,
Prague. Budapest title planned for this summer, others to follow.
Controlling interest in Swedish financial daily, Finans Tidningen.
Electronic retail TV Shop Europe, Europe’s leading home shopping
specialist, which sells via infomercials, DRTV and Internet sites. Also
owns a stake in the Paris-based Home Shopping Service.