MTG receives Russian regulatory approval to acquire Storyfirst

May 2 2002

MTG RECEIVES RUSSIAN REGULATORY APPROVAL TO ACQUIRE STORYFIRST

Modern Times Group MTG AB, the international media group, today
announced that it has received the necessary approvals from the Russian
Ministry of Antimonopoly Policy regarding its acquisition of 36.3% of
StoryFirst Communications Inc., which was announced on 14 January 2002.

For further information, please visit
www.mtg.se, email info@mtg.se, or contact:
Hans-Holger Albrecht, President & CEO tel: +46 (0) 8 562 000 50
Matthew Hooper, Investor & Press Relations tel: +44 (0) 20 7321 5010

Modern Times Group MTG AB has six business areas: Viasat Broadcasting
(free-to-air and pay TV channels in nine countries, and the new media
businesses – teletext operations and the Everyday interactive TV,
internet and mobile portals), Radio (local and national networks in five
countries), Publishing (financial news and information services), Modern
Interactive (home shopping, e-commerce, and logistics), SDI Media
(subtitling and dubbing services), and Modern Studios (content
production and rights library).

Modern Times Group MTG AB’s class A and B shares are listed on the
Stockholmsbörsen O-list (symbols: MTGA and MTGB) and ADRs are listed on
the Nasdaq National Market in New York (symbol: MTGNY).


This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2002/05/02/20020502BIT01090/wkr0001.doc
http://www.waymaker.net/bitonline/2002/05/02/20020502BIT01090/wkr0002.pdf

We use cookies to analyse our traffic and render this website more user friendly.
×