Company in focus: Indonesian media giant faces challenges to its cash-cow soaps

Global Mediacom's TV arm is shaken by shake-up in the TV industry

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Hary Tanoesoedibjo visits the Indonesia Stock Exchange in Jakarta on Feb. 3.

WATARU SUZUKI, Nikkei staff writer

JAKARTA Every night, millions of Indonesians turn on their TVs to watch popular soap operas and music talent shows. At the pinnacle of this lucrative industry is Hary Tanoesoedibjo, a media mogul who has developed ties with U.S. President Donald Trump.

Media Nusantara Citra, the TV broadcaster controlled by Tanoesoedibjo's media arm Global Mediacom, runs three national free-to-air networks -- RCTI, MNCTV and GlobalTV -- that in January commanded an audience share of more than 40% during prime time, 6-10 p.m., according to research company Nielsen.

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