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BW0110 AUG 25,1997 10:14 PACIFIC 13:14 EASTERN
( BW)(METROMEDIA-INTERNATIONAL)(MMG) Metromedia International Group
Acquires Satellite TV Network in Romania
Business Editors/Entertainment Writers
EAST RUTHERFORD, N.J.--(BUSINESS WIRE)--Aug. 25, 1997--Metromedia
International Group Inc. (ASE:MMG), through its wholly owned subsidiary,
Metromedia International Telecommunications Inc. ("MITI"), Monday
announced that its wholly owned subsidiary Cable Satellite Communications
Inc. ("CSC") has acquired 100 percent of S.C. Telesatco, SRL
("Telesatco"), the largest wired satellite television network
operator in Tirgu Mures, Romania, the Regional Administrative Center
of Transylvania.
Telesatco's network passes 40,000 homes and has approximately
31,000 subscribers. CSC will continue to provide existing television
channels, including, among others, Eurosport, TNT, Cartoon Network,
and BBC World, and it will add a number of channels which are
currently being dubbed or subtitled in Romania.
Stuart Subotnick, president and chief executive officer of MMG,
said: "The purchase of Telesatco furthers the expansion of our
subscriber base in MMDS wireless cable television operations while
making our operations more cost effective. These additions to our
customer base help reduce our cost of equipment purchases, rights
acquisitions and localization costs such as dubbing and subtitling."
Metromedia International Group is a global communications and
media company which, through its Communications Group, is engaged in
the development and operation of communications business, including
wireless cable television systems, FM and AM radio broadcasting,
radio paging services and various forms of telephony services
including wireless local loop telephone services, GSM cellular
telephone services, an international toll-calling service and
trunked mobile radio services in Eastern Europe, the republics of
the former Soviet Union, the People's Republic of China and other
selected emerging markets.
--30--TJJ/la* LES/la
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