Media Nusantara Citra

PT Media Nusantara Citra Tbk
Company type	Public
Traded as	IDX: MNCN
Industry	Mass media
Founded	17 June 1997; 27 years ago
Founder	Sutjiati; M. Tahir; Chairil Amri; Yenny Kandou
Headquarters	MNC Tower; Jalan Kebon Sirih Raya No. 17-19, Kebon Sirih, Jakarta, Indonesia
Key people	Hary Tanoesoedibjo; (President Commissioner) President Director: Noersing Director: Tantan Sumartana; Kanti Mirdiati Imansyah; Dini Putri; Ruby Panjaitan
Services	Television broadcasting; Print; Radio network; Advertising agency; Music industry; Production house; Financial service;
Revenue	Rp 8.353 trillion (2019)
Net income	Rp 2.352 trillion (2019)
Total assets	Rp 17.836 trillion (2019)
Total equity	Rp 12.525 trillion (2019)
Parent	MNC Asia Holding (via Global Mediacom [id])
Subsidiaries	PT Rajawali Citra Televisi Indonesia (RCTI); PT MNC Televisi Indonesia (MNCTV); PT Global Informasi Bermutu (GTV); PT MNC Televisi Network (iNews); PT Tivi Bursa Indonesia (IDX Channel); MNC Vision; Indonesia Transport; Hits Records; MNC Radio Networks; Radio Efkindo; Radio Mediawisata Sariasih; Radio Prapanca Buana Suara; Radio Citra Borneo Madani; MNC Infrastruktur Utama; Linktone International Limited; Radio Swara Banjar Lazuardi; Media Nusantara Informasi; Radio Swara Caraka Ria; MNC Media Investasi; Crossmedia Internasional; Radio Mancasuara; Star Media Nusantara; MNC International Middle East Limited; Mediate Indonesia;
Website	www.mnc.co.id

PT Media Nusantara Citra Tbk, a.k.a. the MNC Media, or MNC, is an Indonesian media company. MNC's core businesses are content production. The group owns and operates four free-to-air television networks – RCTI, MNCTV, GTV, and iNews – as well as 19 pay 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]

History

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 the Indonesia Stock Exchange (IDX) on 22 June 2007 under the ticker symbol MNCN.^[3] In June 2016, MNCN received an investment from Creador, 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]

Ownership

It is owned by PT Global Mediacom Tbk (formerly PT Bimantara Citra Tbk), which in turn is owned by MNC Asia Holding. On 17 October 2011, Los Angeles–based investment company Saban Capital Group acquired a 7.5% stake.^[5]

Business

MNC is the largest free-to-air market network in Indonesia. The group has three pay television networks, Indovision, Okevision and Top TV.^[6] It operates Sindo Media which includes Koran Sindo newspaper, a portal sindonews.com, and Sindo Weekly Magazine. Other portals include Okezone, Celebrities.id, and Sportstars.id.