Emerging Media Holdings (OTCBB: EMDH) recently announced a signed agreement to acquire “TNT-Bravo” channel, a popular mix of programs customized to fit a target audience. “TNT-Bravo” channel (Mediatopprim LTD) is the sole operator in Moldova of Russian TNT programs owned by Gazprom Media, one of the many subsidiaries of Gazprom Corp.
Emerging Media, parent company of Media Alianta and Analiticmedia-Grup subsidiaries, focuses on radio and television broadcasting. The company has risen to become the market leader in the Republic of Moldova through its subsidiaries, which advertise and produce their own shows. The addition of “TNT-Bravo” brings a loyal audience, ages 18-45 and 18-30, attracting commercial interest for sponsors. The channel holds the rights to both in-house productions and the acquired formats.
Russia-based Gazprom is the largest gas company in the world focused primarily on geological exploration, production, transmission, storage, processing and marketing of gas and other hydrocarbons. The company’s mission is to acquire a dominant position on the global scale by entering new markets and diversifying its core business activities.
The acquisition is expected to close by April 30, 2008, and will be made in preferred stock.
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