PT Media Nusantara Citra Tbk (MNC) is a media company in Indonesia founded in 1997. It is owned by PT Global Mediacom Tbk. In October 17, 2011, Los Angeles-based American investment company, Saban Capital Group acquired a 7.5% stake.
MNC businesses include broadcasting media, print media, radio, telecommunications, financial services, agencies and online shopping. In 2009, MNC Media was acquired PT Java Festival Production, PT Indosat Tbk and PT Garudafood Indonesia to became a subsidiary of MNC Media. In 2010, MNC Media was acquired PT Jaya Ancol, BII Maybank and Bukopin to became a subsidiary of MNC Media.
Famous quotes containing the word media:
“Few white citizens are acquainted with blacks other than those projected by the media and the so—called educational system, which is nothing more than a system of rewards and punishments based upon one’s ability to pledge loyalty oaths to Anglo culture. The media and the “educational system” are the prime sources of racism in the United States.”
—Ishmael Reed (b. 1938)