ALMA MEDIA CORP. STOCK EXC. BULLETIN 19 OCTOBER 1999, AT 14.45 MTV OY TO START UP CABLE CHANNEL Negotiations between MTV Oy and cable TV companies have advanced to the point where a new cable channel will definitely be started. MTV Oy intends to test transmissions of its commercial TV channel this year. The channel will only be available on cable networks. At the end of September MTV Oy announced that it was preparing to start cable television broadcasting financed by advertising revenue in Finland. Negotiations with various cable television companies have now proceeded to the point where the project has been finalized and the new cable channel will be available to customers of all cable TV companies in the next few months. The plan is to start test transmissions of the new cable channel in December, when the channel’s name, programme map and key appointments will also be announced. The cable channel will be a business unit of MTV Oy, which means that no new subsidiary will be established for this purpose. The unit will have approximately 15 employees. Further information: Mr Marko Kulmala, Executive Producer, MTV Corporation, tel. +358-9- 15008501, +358-40-749 0000 Mr Matti Kotisaari, Vice President Corporate Development, Alma Media Corporation, tel. +358-3-266 6822, +358-50-65 531 ALMA MEDIA CORPORATION Ahti Martikainen Vice President, Corporate Communications Distribution: Principal media, Helsinki Exchanges
  • Date: 19.10.1999, 08:00
  • News type: Stock exchange release

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