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PT Media Nusantara Citra Tbk,a.k.a. theMNC Media, orMNC, is an Indonesianmedia company. MNC's core businesses are content production. The group owns and operates fourfree-to-air television networks –RCTI,MNCTV,GTV, andiNews – as well as 19pay television channels under MNC Channels division. MNC has other supporting media-based businesses. These include radio, print media, talent management, and a production house. The company operates as an integrated media company.[1]
It was founded on 17 June 1997 as PT Panca Andika Mandiri.[2]
It was renamed to the present name on 12 September 2002.
It listed its shares on theIndonesia Stock Exchange (IDX) on 22 June 2007 under the ticker symbol MNCN.[3]In June 2016, MNCN received an investment fromCreador, a private equity firm in Southeast and South Asia. The investment helped expand production facilities and enhance free-to-air services across an underpenetrated Indonesian market.[4]
It is owned byPT Global Mediacom Tbk (formerlyPT Bimantara Citra Tbk), which in turn is owned byMNC Asia Holding. On 17 October 2011, Los Angeles–based investment companySaban Capital Group acquired a 7.5% stake.[5]
MNC is the largest free-to-air market network in Indonesia. The group has three pay television networks, Indovision, Okevision and Top TV. (Until on 12 December 2017 as MNC Vision, Acquired by MNC As K-Vision, Until 10 September 2024 as MNC PLAY and Streaming Platform Vision+[6] It operates Sindo Media which includesKoran Sindo newspaper, a portal sindonews.com, andSindo Weekly Magazine. Other portals includeOkezone,Celebrities.id, andSportstars.id.
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