Change looms for MTV Ukraine

By Chris Dziadul
September 23, 2009

The music channel MTV Ukraine may soon be under new ownership.

According to a report in Kyiv Post, U.A. Inter Media Group Ltd, which is controlled by Valeriy Khoroshkovsky, has been permitted by the Antimonopoly Committee of Ukraine (AMC) to buy a stake of over 50% in Flaner Ventures Ltd (Cyprus), the indirect owner of MTV Ukraineís licence holder Music Television Ltd.

MTV Ukraine, which is backed by Horizon Capitalís Emerging Europe Growth Fund (EEFG), made its debut in August 2007.