|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|As filed with the
Securities and Exchange Commission on May 15, 2003



FORM 6-K



SECURITIES AND
EXCHANGE COMMISSION Washington, D.C. 20549



Report of Foreign
Private Issuer



For the month of May
2003Pursuant to Rule 13a-16
or 15d-16 ofthe Securities Exchange Act of 1934



MODERN TIMES GROUP MTG
AB (publ)



Skeppsbron 18, S-103
13, Stockholm, Sweden


Indicate by check mark whether the
registrant files or will file annual reports under cover Form 20-F or Form 40-F

        Form 20-F...X...                    
                        
                Form 40-F......



Indicate by check mark whether the registrant
by furnishing the information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934


     Yes......                    
                        
                        
      No...X....

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
..............................N/A...........................................................................................



SIGNATURES


Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly authorized.

| | MODERN TIMES GROUP MTG AB (publ)
| | --------------------------------
| | By: /s/ Hans-Holger Albrecht    
| | Name: Hans-Holger Albrecht      

Dated: May 15, 2003

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Modern Times Group Logo

ANNUAL
GENERAL MEETING OF SHAREHOLDERS


Modern Times Group MTG AB, the
international media group, today announced that the companys Annual General Meeting
(AGM) of shareholders held today in Stockholm re-elected Asger Aamund, David Chance,
Lars-Johan Jarnheimer, Stig Nordin and Pelle Törnberg as Board members. Cristina
Stenbeck was elected as a new member of the Board of Directors. Lars Träff was
re-elected as auditor and Erik Åström was re-elected as deputy auditor.


The AGM approved the proposal from
the Board of Directors not to distribute a dividend to shareholders for 2002.


The AGM resolved to approve the
existing procedure for the nomination of Board Directors. A Chairman of the group of major
shareholders responsible for nominating Board members will be announced before the year
end.


At a statutory Board meeting
following the AGM, David Chance was elected as Chairman of the Board of Directors. David
Chance has been a member of the Board of Directors of MTG since 1998. He is a
Non-Executive Board Director of Granada Media Group plc and InterTrust Inc. and previously
served as head of business operations for UK satellite TV operator BSkyB. Cristina
Stenbeck is Vice Chairman of the Board of Directors of Metro International.


For further information, please visit
www.mtg.se, email info@mtg.se, or contact: 

Hans-Holger Albrecht, President & CEO                 tel: +46 (0) 8 562 000 50
Matthew Hooper, Investor & Press Enquiries        tel: +44 (0) 20 7321 5010


Modern Times Group MTG AB has five
business areas: Viasat Broadcasting (free-to-air and pay-TV broadcasting operations in
nine countries and teletext operations in four countries), Radio (seven national networks
or local stations in five countries), TV-Shop (home shopping and logistics), SDI Media
(subtitling and dubbing services), and Modern Studios (content production and
distribution).


Modern Times Group MTG AB class A and
B shares are listed on the Stockholmsbörsen O-list (symbols: MTGA and MTGB) and ADRs
are listed on the Nasdaq National Market (symbol: MTGNY).