STOCKHOLM, Sweden, May 2, 2002 (PRIMEZONE) -- Modern Times Group MTG AB (Nasdaq:MTGNY), 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 Stockholmsborsen O-list (symbols: MTGA and MTGB) and ADRs are listed on the Nasdaq National Market in New York (symbol: MTGNY).
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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