MTV Media and Accountor Group have signed a contract whereby MTV will buy its financial and payroll administration services from Accountor Group.

Accountor Group will take over the financial and payroll administration of MTV,
except for operational reporting. The Accountor Group´s Finance Department will
provide MTV with customized digital processes and cutting-edge
financial administration applications. The service structure also
includes a smoothly running substitute system, which will ensure that
MTV avoids over-resourcing.

These services were previously handled by Alma Media Palvelut
Oy, a service company which will now focus on serving intra-corporate
needs. After a transition period, MTV decided to buy its financial and
payroll administration services from Pretax.

“We chose Accountor Group, because they are a reliable and competent
provider of financial and payroll administration services. They can
give us everything, systems included. It is also important for us that
our partner pursues constant development. Being the market leader and a
pioneer in the field, Accountor Group is splendidly placed in this respect too.
They will also be a good employer for our transferring employees,” says
Pertti Peltola, CFO of MTV Media.

“I am delighted with our cooperation with MTV, a well-managed
company with a clear strategy and processes. This makes our job as a
financial and payroll service provider easy. The contract also
demonstrates that our customers value the option of a one-stop shop in
financial and payroll administration. This is exactly why the Pretax
Finance Department was set up in the first place. We are also pleased
to welcome the financial administration professionals transferring to
us from MTV. I am sure we can offer them interesting development
potential,” says Tero Salminen, Consulting Director, Accountor Group.

Further information

Accountor Group
Tero Salminen, Consulting Director
E-mail: tero.salminen[a]pretax.net
Tel. +358 40 767 5311

MTV Oy: Pertti Peltola, CFO
E-mail: pertti.peltola[a]mtv3.fi
Tel. +358 40 556 1020

MTV Media
Founded in 1957, MTV Oy is one of the oldest commercial television
companies in Europe. MTV Oy runs the MTV3 and SubTV channels. MTV MEDIA
is a joint brand for the electronic media owned by MTV Oy, launched
after the Alma Media Broadcasting transaction in spring 2005. MTV Oy
owns the TV channels and interactive services of MTV MEDIA and has a
74% holding in its radio channels.