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 News From You
We receive dozens of news tips and press releases each week from ftm contributors. We want MORE. And we want to share the raw information as quickly as possible. NEWS FROM YOU is the forum for adding what you know to what we know. Share what you know...or what your hear. We will apply the light-touch of the editors axe for clarity. We will also accept NEWS FROM YOU in English, French, German, Spanish, Italian, Dutch and Portuguese...without translation. (We do insist on being able to understand what you contribute.) You also must clearly indicate that your contribution is for publication in NEWS FROM YOU.
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Week ending March 22, 2019
In February MTG signed an agreement to sell its 95% shareholding in Nova Broadcasting Group (“Nova”) in Bulgaria to Advance Media Group. The transaction values 100% of the business at an enterprise value of EUR 185 million (approximately SEK 1,917 million). The transaction is subject to local regulatory approval and this has now been received and the transaction is expected to close in April 2019. The proceeds will be used to develop MTG’s global digital entertainment verticals through organic investment and M&A.
Nova is Bulgaria’s largest commercial media group and comprises 7 TV channels, as well as complementary online businesses that reach on average 74% of the Bulgarian population every month. Nova generated SEK 1,154 million of sales and SEK 223 million of operating income (EBIT) for thefull year 2018, and employs 650 people. MTG first entered Bulgaria in 2007 by investing in Balkan Media Group Limited, and then acquired Nova in 2008 before merging the two businesses in 2009.
The all cash transaction values 100% of Nova at an enterprise value of EUR 185 million (approximately SEK 1,917 million). The sale of Nova will result in a net capital gain of approximately SEK 1,300 million.
Jørgen Madsen Lindemann, MTG President & CEO: “We are very pleased that regulatory approval has been granted for this deal with Advance Media Group and we look forward to close it as soon as possible.”
After joining partnerships to debunk fake news and disinformation during elections in France, Brazil and Nigeria, AFP is now joining a verification project with 18 other fact-checking outlets in the run-up to the European Parliamentary elections in May.
FactCheckEu has been launched by the International Fact-Checking Network and is available in 10 languages.
Fact-checks that appear on the AFP Fact-Check site will be pubished by FactCheckEU. It will include fact-checks on possible disinformation being spread in the EU, will verify statements by politicians, and will also answer questions sent by readers in a Q&A section. FactCheckEU will also look at how disinformation spreads from country to country within the EU and who is behind it.
AFP already partnered in the First Draft initiatives CrossCheck for the 2017 French presidential election, the CrossCheck partnership for the 2018 Nigerian elections and the Comprova fact-checking project for the 2018 Brazilian presidential election.
AFP has developed fact-checking programmes in English, French, Spanish, Portuguese and Arabic in 19 countries – South Africa, Argentina, Brazil, Canada, Cameroon, Colombia, Spain, France, India, Indonesia, Kenya, Lebanon, Malaysia, Mexico, Nigeria, Pakistan, the Philippines, Senegal and Sri Lanka.
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