RENEWAL OF RUSSIAN TV BROADCASTING LICENCE
RENEWAL OF RUSSIAN TV BROADCASTING LICENCE Modern Times Group MTG AB, the international media group, today announced that the Russian Press Ministry has renewed DTV's terrestrial TV broadcasting licence in Russia, following a tender process. DTV is broadcast to 298 cities across Russia, covering a potential audience of 42 million people in Europe's largest television market by number of viewers. MTG acquired 75% of Darial TV in April 2001 and has successfully turned the company around both operationally and financially, and re-branded the channel as DTV. MTG is also the largest shareholder