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Modern Times Group

Modern Times Group
Company nameModern Times Group MTG AB
Company typePublicly traded Aktiebolag
HeadquartersStockholm, Sweden
Key peopleDavid Chance (Chairman), Hans-Holger Albrecht (President and CEO)
ProductsFree-to-air and subscription television broadcasting, television production, radio broadcasting, online retail
RevenueSEK 13.10 billion (2010)
Operating incomeSEK 2.355 billion (2010)
Net incomeSEK 3.522 billion (2010)
Total assetsSEK 14.00 billion (2010)
Total equitySEK 6.239 billion (2010)
Employees3,070 (average, 2010)

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Modern Times Group (MTG) is a Swedish media company. MTG was formed out of the media holdings of investment company Kinnevik, which in 1997 was distributed to the company stockholders. Among the assets were Viasat and Metro International. Viasat is a group of television channels, included TV3 (the first commercial television channel in Sweden that had been started in 1987), ZTV, Viasat Sport and TV1000. The shares of Metro International, which runs a chain of free newspapers, were distributed in a second round among the shareholders of MTG.

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