Another ex-MTG exec joins Antenna

Former Modern Times Group COO Marc Zagar has joined Greece-based broadcaster Antenna Group as CFO.

Zagar joins from telecoms group Millicom, where he was group CFO and head of financial planning.

Prior to that he was on Scandinavia-based MTG’s executive committee board, holding various high-level roles.

Antenna is gearing up for expansion, having recently hired another former senior MTG exec, Gerd Utecht as head of M&A and investments. After partnering with The Raine Group, it has invested in initiatives with Vice Media and US producer Imagine Entertainment.

The group already has former NBCUniversal International president Pete Smith as managing director and Darren Childs, CEO of UKTV, as an advisory board member.

“Marc Zagar is one the most successful finance executives in Europe’s media industry and his tremendous experience will be key to help executing our ambitious growth strategy,’’ said Theodore Kyriakou, CEO of Antenna.

“I am very excited to be joining Antenna Group and look forward to being part of its dynamic and innovative management team,” said Zagar. “The company’s experience in developing hugely successfully television and digital operations demonstrate that it has found a unique formula to benefit from the enormous shifts in the media and entertainment industry.

“The partnerships and investments in companies such as Vice and Imagine Entertainment are tremendous assets and will allow Antenna Group to grow even faster in the future.”