EMDH Signs Agreement to Acquire TNT-Bravo Channel
The announcement was made earlier today as Emerging Media Holdings, Inc. made it official that they have signed an agreement to acquire “TNT-Bravo” channel (Mediatopprim LTD). The channel is an exclusive operator in Moldova of Russian channel TNT programs which is owned by Gazprom Media, a wholly owned subsidiary of the Gazprom Corporation.
Both companies agreed to have the acquisition made in preferred stock, with the value of the stock to be priced by the appraisal and the audit of the financials of Mediatopprim LTD. The closing date has been set to be before or on April 30, 2008.
“TNT-Bravo” is not only one of the most viewed channels making up the channel packages of the Moldavian cable network operators, but it also brings a unique affinity on audiences in the age range of 18-45 and 18-30, which are the age ranges of the greatest commercial interest for sponsorship. The channel incorporates a wide range of different programs that are of interest to their target audience. By combining the in-house production programs and the acquired formats, the channel produces a new format to television viewing audiences.
Emerging Media Holdings, Inc. is actively involved in the radio and television broadcasting of its subsidiaries. It is the U.S. parent company for Media Alianta and Analiticmedia-Group (AMG) subsidiaries. AMG has become the market leader in the Republic of Moldova as a company in television advertising and production of its own TV shows.
