The largest shareholders of MTM Entertainment Inc.,...
- Share via
The largest shareholders of MTM Entertainment Inc., a Studio City-based independent television programmer, are President Arthur L. Price with a 44.1% stake and Mary Tyler Moore, a director, with 34.3%, according to the firm’s preliminary prospectus for a proposed $100-million initial public offering of 22% of its stock. Moore and Price also own 73,200 shares and 20,000 shares, respectively, of preference stock. All of it is to be redeemed for $9.3 million of the proceeds. Most of the proceeds are to be used for retirement of debt. Other shareholders include Mel D. Blumenthal, senior executive vice president, with 19.6%, and Thomas E. Palmieri Jr., executive vice president, 2%.
More to Read
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.