Media Nusantara Citra

PT Media Nusantara Citra Tbk
Public
Traded as IDX: MNCN
Founded 17 June 1997 (17 June 1997)
Founder Hary Tanoesoedibjo
Headquarters MNC Tower
Jalan Kebon Sirih Raya No. 17-19, Kebon Sirih, Jakarta, Indonesia, Indonesia
Key people
 Hary Tanoesoedibjo
(President and CEO), Director: Nana Puspa Dewi
Jarod Suwahjo
Kanti Mirdiati Imansyah
Kanti Mirdiati Imansyah
Diana Airin
Services
Revenue Increase Rp 6.73 trillion (2016)
Increase Rp 1.368 trillion (2016)
Total assets Increase Rp 14.239 trillion (2016)
Parent Global Mediacom
Website www.mnc.co.id

PT Media Nusantara Citra Tbk (commonly known as MNC Media) is an Indonesian media company founded in 1997.[1] It is owned by Global Mediacom, which in turn owned by MNC Corporation. In 17 October 2011, Los Angeles-based investment company Saban Capital Group acquired a 7.5% stake.[2]

MNC has core businesses in content and the ownership and operations of 3 of the 10 national Free-To-Air televisions in Indonesia.

MNC has 4 Free-To-Air (FTA) TVs - RCTI, MNCTV, GlobalTV, and Inews - as well as 18 channels created and produced by MNC that are broadcast on Pay-TV. Currently, MNC also have other media based businesses that support the core businesses of MNC. Those businesses consist of radio, print media, talent management, and a production house.

Overview

MNC was established on 17 June 1997 and has been listed on the Indonesia Stock Exchange (IDX) since 22 June 2007 under the ticker symbol MNCN.[3]

MNC has biggest share of the free-to-air market. The group also has three pay television networks, Indovision, Okevision and Top TV.[4] Company also expanding the Sindo Media which include iNews, Koran Sindo newspaper and portal sindonews.com. There is also another Internet gateway called okezone.com.

In June 2016, PT Media Nusantara Citra Tbk (MNCN) has been funded by Creador, a private equity firm in Southeast and South Asia. The investment was sourced from Creador Fund I to expand production facilities and enhance their free-to-air services across an underpenetrated Indonesian market.[5]

The Company operates as an integrated media company in Indonesia.[6]

References

  1. ↑ "Indonesia-Investments.com:Media Nusantara Citra company profile". 8 April 2014.
  2. ↑ "MNC Lego 7,5% Sahamnya ke Saban Capital Rp1.000/Saham". economy.okezone.com.
  3. ↑ "PT. Media Nusantara Citra Tbk - Overview". mnc.co.id.
  4. ↑ "Owner does not always deserve to be boss: Hary". thejakartapost.com.
  5. ↑ "Creador confirms MNC Skyvision investment - AVCJ".
  6. ↑ "MEDIA NUSANTARA CITRA TBK PT (MNCN:Indonesia): Stock Quote & Company Profile - Businessweek". Businessweek.com.
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