Bloomberg TV Announces Partnership with Optima Media Group

The Bloomberg Media Group, a division Bloomberg L.P., today announced a multi-year rolling partnership agreement with Nigeria-based content provider, Optima Media Group, strengthening Bloomberg's position as a leading supplier of global business and financial news television across the African continent. This partnership will create a new entity - Bloomberg Television Africa.

Launching in the second half of this year, Optima Media Group will produce three to four hours of business programming per day which will be available to African viewers across the continent via Bloomberg's English-language EMEA feed. Optima Media Group will engage its existing content and distribution channels to supplement Bloomberg's English-language international news and analysis across Africa.

"The agreement with Optima Media Group will dramatically accelerate Bloomberg Television's presence and reach in Africa," says Andy Lack, CEO Bloomberg Media Group. "It is the latest component of our wider strategy to partner with leading providers in markets that have a compelling economic growth story. This has already seen us strike similar partnerships in India, Turkey, Mongolia and The Middle East. In doing so, we are able to provide viewers with the sharpest global business and financial insight as well as highly-localised and market specific content."

"Bloomberg Television Africa will provide a dynamic and relevant context for the coverage of financial news across the continent. The programming will highlight the business in everyone - from everyone in business," said Rotimi Pedro, Group CEO at Optima Media Group Ltd. "We look forward to working closely with Bloomberg Television to bring together top CEOs, policymakers and thought leaders to explore what fuels African growth."

Localised and internationAl Bloomberg Television content will be packaged and distributed via satellite delivery and Internet Protocol Television (IPTV) as well as traditional terrestrial formats. The partnership deal applies to all of Sub-Saharan Africa.

Content will be produced in Lagos, Johannesburg, London and Nairobi with dedicated presenters, reporters and producers based in each market.

An executive producer from Bloomberg will be appointed to work alongside Optima Media Group to assist in the production of the channel's economic and business coverage drawing on Bloomberg's extensive financial and economic data from the Bloomberg Professional service and reporting from Bloomberg's 2,400 journalists in 146 news bureaux across 72 countries.

For more information on Bloomberg Television, please visit http://www.bloomberg.com/tv/

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