Modern Times Group (MTG) bought half of Raduga Holdings, a Russia...

February 9, 2010 |Miscellaneous

Modern Times Group (MTG) bought half of Raduga Holdings, a Russian direct-to-home satellite TV provider, from Continental Media, MTG said. Continental Media continues to own the other half and the two owners will share control of the company, said MTG. Terms of the purchase weren’t disclosed. Raduga’s satellite TV platform has about 70,000 subscribers, said MTG