Media Nusantara Citra

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

PT Media Nusantara Citra Tbk
TypePublic
IDXMNCN
IndustryMass media
Founded17 June 1997; 24 years ago (1997-06-17)
FounderHary Tanoesoedibjo
HeadquartersMNC Tower
Jalan Kebon Sirih Raya No. 17-19, Kebon Sirih, Jakarta, Indonesia,
Key people
Hary Tanoesoedibjo
(President Commissioner) President Director: Noersing Director: Tantan Sumartana
Kanti Mirdiati Imansyah
Dini Putri
Ruby Panjaitan
Services
RevenueIncrease Rp 8.353 trillion (2019)
Increase Rp 2.352 trillion (2019)
Total assetsIncrease Rp 17.836 trillion (2019)
Total equityIncrease Rp 12.525 trillion (2019)
ParentPT Global Mediacom Tbk (IDXBMTR)
Subsidiaries
Websitewww.mnc.co.id

MNC has core businesses in content. The group owns and operates four free-to-air television networks – RCTI, MNCTV, GTV, and iNews – as well as 18 channels broadcast on pay television under MNC Channels division. MNC also has other media based businesses that support its core businesses. Those businesses consist of radio, print media, talent management, and a production house.

OverviewEdit

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.

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]

ReferencesEdit

  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. ^ Cahyafitri, Raras (1 April 2014). "Owner does not always deserve to be boss: Hary". The Jakarta Post. Retrieved 1 October 2020.
  5. ^ "Creador confirms MNC Skyvision investment - AVCJ".
  6. ^ "MEDIA NUSANTARA CITRA TBK PT (MNCN:Indonesia): Stock Quote & Company Profile - Businessweek". Businessweek.com.

External linksEdit