MTG Annual Report 2002 - Modern Times Group MTG AB
MTG Annual Report 2002 - Modern Times Group MTG AB
MTG Annual Report 2002 - Modern Times Group MTG AB
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Radio<br />
RADIO<br />
1<br />
<strong>MTG</strong> is the largest radio operator in the Nordic and Baltic regions, with ownership of,<br />
or equity stakes in, the largest commercial broadcasting networks in Sweden, Norway,<br />
Finland, Latvia, Estonia and Lithuania. This position was strengthened in <strong>2002</strong> with the<br />
acquisition of new stations, the consolidation of existing investments, and the organic<br />
development of the network and listener base. As a result, sales for the division were up<br />
27% year on year in <strong>2002</strong> to SEK 157 million, despite the weak advertising environment.<br />
32 <strong>MTG</strong> <strong>Annual</strong> report and accounts <strong>2002</strong>