RTL Group sells Swedish radio stations to Modern Times Group
Luxembourg, January 2nd 2002 - RTL Group, today announces the disposal of its Swedish radio stations Lugna Favoriter and WOW 105.5 to the media group Modern Times Group (MTG AB).
The agreement is subject to approval by the Radio- & TV-verket regulatory authority.
RTL Group’s Chief Executive Officer Didier Bellens commented: “The disposal of stations Lugna Favoriter and WOW 105.5 is part of an ongoing portfolio review within RTL Group, as we continue to focus on our strong core businesses while reviewing loss-making or non-core activities.”
Both radio stations are based in Stockholm where Lugna Favoriter has 141,000 listeners and Wow 105.5 has 42,000 listeners.
RTL Group Finsbury
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