Apace Media


Apace Media is involved in the creation of content and Eastern European broadcasting operations. Steadfast Television produces factual television programmes, including Sky Cops and CCTV Cities, which are then distributed by another subsidiary. Apace Music creates music CD compilations. Balkan Media Group owns five TV channels in Bulgaria and Macedonia and it is a 50:50 joint venture with Modern Times Group. Apace Media was formed when its main operations reversed into Aim-quoted shell FTV Group on 26 April 2005. At the time of the acquisition the company raised £2m at 0.75p a share - 30p a share post-consolidation. On 10 November 2005, 40 shares were consolidated into one new share. FTV Group previously tried to develop a business supplying screen-based advertising in petrol station forecourts but it did not prove a success.

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