Stella Advisors act as financial advisors to Turner Broadcasting Europe in the acquisition of the Millennium Media Group
Time Warner subsidiary Turner Broadcasting Europe and the Millennium Media Group (MMG) have announced the acquisition of a 100% interest in MMG to form a new Scandinavian channels and content group.
The new channel portfolio will include MMG's exciting locally developed channels (Star!, Showtime, Silver, Silver HD and TV7) and Turner's international brands (CNN International, Cartoon Network, Turner Classic Movies and Boomerang). MMG's other complementary business units (NonStop Entertainment, NonStop Sales and PrimeText International) will also be part of the combined group.
The new group of channels will be available in the Scandinavian region, as well as the Baltics, Benelux and Africa.