RADIO NOVA GRANTED OPERATING LICENCE TO END OF 2006
ALMA MEDIA CORP. STOCK EXCH. BULLETIN 8 Feb 2001, 1.30 pm (EET) RADIO NOVA GRANTED OPERATING LICENCE TO END OF 2006 The Finnish government has granted Oy Suomen Uutisradio Ab (Radio Nova) an operating licence for national analogue radio broadcasting. This operating licence will remain in force until the end of 2006. The Ministry of Transport and Communications put this licence out to public tender in December 2000 following changes in Radio Novas ownership. Alma Media Group holds 61 % of Radio Novas share capital. Oy Suomen Uutisradio Ab began national radio broadcasting in 1997. The company was founded by MTV Oy (28 %), Aamulehti Corporations subsidiary Alexpress Oy (20 %) and Maakuntien Viestintä Oy, Suomen Kansallisviestintä Oy, Suomen Viestintärahoitus Oy and Suomen Radioviestintä Oy, each with a 13 % stake. In 1998 Aamulehti Corporation and MTV Oy were merged to form Alma Media Corporation, whereupon Alma Media Groups holding increased to 48 %. Last year Suomen Viestintärahoitus Oy transferred its Radio Nova holding to its subsidiary Special Hopea Oy Suomi. The voting control carried by the combined holding of Special Hopea Oy Suomi and Suomen Radioviestintä Oy (26 % of the shares) was transferred to the Norwegian company P4 Radio Hele Norge. In November these shares were then transferred to another company jointly owned by P4 Radio Hele Norge and the Swedish company MTG Radio. In December 2000 MTV Oy acquired Maakuntien Viestintä Oys subsidiary, which owns 13 % of the Oy Suomen Uutisradio Ab shares. In view of these ownership changes the Ministry of Transport and Communications put the operating licence held by Oy Suomen Uutisradio Ab (Radio Novan) out to public tender. The companys current owners submitted their application to the ministry in December 2000. The companys ownership is now as follows: Alma Media Group (61 %), Suomen Kansallisviestintä Oy (13 %), Suomen Radioviestintä Oy (13 %) and Special Hopea Oy Suomi (13 %). The Council of State (the Finnish government) has today awarded an operating licence to Radio Nova that will remain valid until the end of 2006. The decision does not change Radio Novas programme policy, nor with it have any other impact on the companys operations. Radio Novas net sales in 2000 slightly exceeded FIM 60 million. The companys president is Mr Petri Manninen. Alma Media Corporation Ahti Martikainen Vice President, Communications and Investor Relations Distribution: HEX Helsinki Exchanges, principal media
- Date: 8.2.2001, 08:00
- News type: Stock exchange release
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