Merger of Eastern European Broadcasting Interests


 

TIDMAPA 
 
RNS Number : 9638W 
Apace Media PLC 
06 August 2009 
 

Apace Media PLC 
6 August 2009 
? 
Apace Media plc ("Apace") 
 
 
6 August 2009 
 
 
MERGER OF EASTERN EUROPEAN BROADCASTING INTERESTS 
 
 
On 2 March 2009, Apace and Modern Times Group MTG AB (MTG) signed an agreement 
to merge Balkan Media Group Limited (BMGL) with Nova Televizia (Nova), the 
number two terrestrial broadcaster in Bulgaria. 
 
 
On 5 August 2009, the first stage of the merger process was completed whereby 
BMGL sold its Bulgarian broadcasting subsidiary, Diema Vision EAD, to Nova in 
exchange for 10% of the enlarged share capital of Nova. Debt of about EUR1m owed 
by Diema to Apace has been repaid. 
 
 
Further information about BMGL was given in the announcement made on 3 March 
2009. 
 
 
 
 
 
 
Enquiries: 
 
 
Apace Media Plc: 
Robert Burke/ Martin Johnston/ Didier Stoessel            +44 207 471 9393 
 
 
Seymour Pierce: 
Richard Feigen /John Depasquale                                +44 207 107 8000 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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