Exhibit 8.1

Subsidiaries

|                                                     |  | Co. Reg.no. |  | Share
capital (%) |  | Voting
rights
(%)
|---------------------------------------------------- |  | ----------- |  | ----------------- |  | -----------------
|(SEK million)                                        |  |             |  |                   |  |                  
|Shares in subsidiaries                               |  |             |  |                   |  |                  
|MTG Broadcasting SA                                  |  |             |  | 100               |  | 100              
|MTG Radio SA                                         |  |             |  | 100               |  | 100              
|MTG Publishing SA                                    |  |             |  | 100               |  | 100              
|MTG Electronic Retailing SA                          |  |             |  | 100               |  | 100              
|MTG Media Services SA                                |  |             |  | 100               |  | 100              
|Subtitling & Dubb Intl SA                            |  |             |  | 100               |  | 100              
|MTG Holding AB                                       |  | 556057-9558 |  | 100               |  | 100              
|MTG AS Norge                                         |  |             |  | 100               |  | 100              
|MTG New Media AB                                     |  | 556461-1662 |  | 100               |  | 100              
|MTG Broadcasting SA                                  |  |             |  | 100               |  | 100              
|MTG Broadcasting Holding AB                          |  | 556580-7806 |  | 100               |  | 100              
|MTG Broadcasting AB                                  |  | 556353-2687 |  | 100               |  | 100              
|TV6 Sverige AB                                       |  | 556098-4709 |  | 100               |  | 100              
|ZTV AB                                               |  | 556022-0831 |  | 100               |  | 100              
|Viasat AB                                            |  | 556304-7041 |  | 100               |  | 100              
|TV1000 AB                                            |  | 556133-5521 |  | 100               |  | 100              
|TV1000 Norge AS                                      |  |             |  | 100               |  | 100              
|TV1000 Finland Oy                                    |  |             |  | 100               |  | 100              
|TV1000 London Ltd                                    |  |             |  | 100               |  | 100              
|Viasat Satellite Service AB                          |  | 556278-7910 |  | 100               |  | 100              
|MTG Broadcast Centre Stockholm AB                    |  | 556493-2340 |  | 100               |  | 100              
|Strix Nyheter AB                                     |  | 556513-5554 |  | 100               |  | 100              
|Viasat AS Estonia                                    |  |             |  | 100               |  | 100              
|Eesti Vaba Television EVTV                           |  |             |  | 100               |  | 100              
|Televisionsaktiebolaget TV8                          |  | 556507-2401 |  | 100               |  | 100              
|UAB TV3 Lithuania                                    |  |             |  | 84                |  | 84               
|UAB TV3 Radio Lithuania                              |  |             |  | 100               |  | 100              
|TV3 Estonia AS                                       |  |             |  | 100               |  | 100              
|Viasat Hungária Rt                                   |  |             |  | 95                |  | 95               
|Viasat Broadcasting UK Ltd                           |  |             |  | 100               |  | 100              
|TV6 Broadcasting Ltd                                 |  |             |  | 100               |  | 100              
|3+ Television Ltd                                    |  |             |  | 100               |  | 100              
|TV3 Broadcasting Group Ltd                           |  |             |  | 100               |  | 100              
|TV3 AB                                               |  | 556153-9726 |  | 100               |  | 100              
|TV3 A/S Danmark                                      |  |             |  | 100               |  | 100              
|TV3 AS Norge                                         |  |             |  | 100               |  | 100              
|Darial TV ZAO                                        |  |             |  | 75                |  | 75               
|TV3 Latvia SIA                                       |  |             |  | 100               |  | 100              
|MTG Modern Group Espana SL                           |  |             |  | 100               |  | 100              
|In TV Espana SL                                      |  |             |  | 100               |  | 100              
|Interactive Partner SL                               |  |             |  | 100               |  | 100              
|Interactive Media Solutions SL                       |  |             |  | 100               |  | 100              
|MTG Telesubasta SL                                   |  |             |  | 100               |  | 100              
|Everymobile SL                                       |  |             |  | 100               |  | 100              
|MTG New Media Ltd                                    |  |             |  | 100               |  | 100              
|Modern Sport and Event Ltd                           |  |             |  | 100               |  | 100              
|MTG Radio SA                                         |  |             |  | 100               |  | 100              
|MTG Radio Holding AB                                 |  | 556580-7814 |  | 100               |  | 100              
|MTG Radio AB                                         |  | 556365-3335 |  | 100               |  | 100              
|KiloHertz AB                                         |  | 556444-7158 |  | 100               |  | 100              
|Production of World Entertainment Radio in Sweden AB |  | 556307-3476 |  | 100               |  | 100              
|                                                     |  |             |  |                   |  |                  

---

|MTG XLformat AB                     |  | 556469-8263 |  | 100 |  | 100
|----------------------------------- |  | ----------- |  | --- |  | ---
|Star FM SIA                         |  |             |  | 100 |  | 100
|Mediainvest Holding AS              |  |             |  | 100 |  | 100
|MTG Radio Sales AB                  |  | 556490-7979 |  | 100 |  | 100
|MTG Frekvens AB                     |  | 556514-3103 |  | 100 |  | 100
|MTG Lugna Favoriter AB              |  |             |  | 100 |  | 100
|MTG FM 101,9 i Stockholm AB         |  |             |  | 100 |  | 100
|MTG Publishing SA                   |  |             |  | 100 |  | 100
|MTG Publishing Holding AB           |  | 556580-7798 |  | 100 |  | 100
|MTG Publishing AB                   |  | 556457-2229 |  | 100 |  | 100
|FinansVision AB                     |  | 556301-5014 |  | 100 |  | 100
|Redaktörerna i Stockholm AB         |  | 556472-8425 |  | 100 |  | 100
|Moderna Tider Förlags AB            |  | 556401-4941 |  | 98  |  | 98 
|Brombergs Bokförlag AB              |  | 556204-4627 |  | 98  |  | 98 
|Silikon AB                          |  | 556361-7405 |  | 100 |  | 100
|OY MTG Publishing Åland AB          |  |             |  | 100 |  | 100
|MTG Publishing Media AB             |  | 556426-8745 |  | 100 |  | 100
|Vision Direkt i Stockholm AB        |  | 556533-8372 |  | 100 |  | 100
|MTG Electronic Retailing SA         |  |             |  | 100 |  | 100
|MTG Electronic Retailing Holding AB |  | 556580-7749 |  | 100 |  | 100
|MTG Electronic Retailing AB         |  | 556035-6940 |  | 100 |  | 100
|e-Commerce Logistics i Malmö AB     |  | 556465-9950 |  | 100 |  | 100
|MTG Internet Retailing AB           |  | 556406-1702 |  | 100 |  | 100
|MTG Internet Retailing bv           |  |             |  | 100 |  | 100
|Cdon AB                             |  | 556308-2105 |  | 100 |  | 100
|TV-Shop Europe AB                   |  | 556497-0019 |  | 100 |  | 100
|TV Shop Homeshopping Oy             |  |             |  | 100 |  | 100
|TV Shop USA Inc                     |  |             |  | 100 |  | 100
|TV Shop SIA                         |  |             |  | 100 |  | 100
|TV Shop Lithuania SA                |  |             |  | 100 |  | 100
|Mediashop SA                        |  |             |  | 100 |  | 100
|Mediashop bv                        |  |             |  | 100 |  | 100
|TV Shop SA                          |  |             |  | 100 |  | 100
|TV Shop Nederland bv                |  |             |  | 100 |  | 100
|TV Shop AS Norge                    |  |             |  | 100 |  | 100
|TV Shop Polska Sp Zoo               |  |             |  | 100 |  | 100
|TV Shop Slovakia as                 |  |             |  | 100 |  | 100
|TV Shop Spain SL                    |  |             |  | 96  |  | 96 
|TV Shop Ceska Republika as          |  |             |  | 100 |  | 100
|TV Shop Versandhandels GmbH         |  |             |  | 100 |  | 100
|Unimedia GmbH                       |  |             |  | 100 |  | 100
|TV Shop Hungary Trading Ltd         |  |             |  | 100 |  | 100
|TV Shop Fullfillment House Kft      |  |             |  | 100 |  | 100
|No Name 4 Us AB                     |  | 556558-5147 |  | 100 |  | 100
|TV Shop Broadcasting Ltd            |  |             |  | 100 |  | 100
|TV Shop Portugal Ltda               |  |             |  | 100 |  | 100
|MTG Media Services SA               |  |             |  | 100 |  | 100
|MTG Media Services Holding AB       |  | 556580-7848 |  | 100 |  | 100
|MTG Modern Studios AB               |  | 556264-3261 |  | 100 |  | 100
|Modern Entertainment                |  |             |  | 100 |  | 100
|Nordic Artist AB                    |  | 556422-1447 |  | 100 |  | 100
|Sonet Film AB                       |  | 556103-7283 |  | 100 |  | 100
|MTG Modern TV AB                    |  | 556419-9544 |  | 100 |  | 100
|Strix Television AB                 |  | 556345-5624 |  | 100 |  | 100
|Strix Televisjon AS                 |  |             |  | 100 |  | 100
|MTG Modern Games AB                 |  | 556146-9700 |  | 100 |  | 100
|                                    |  |             |  |     |  |    

---

|Subtitling & Dubb Intl SA       |  |             |  | 100 |  | 100
|------------------------------- |  | ----------- |  | --- |  | ---
|Subtitling Holding AB           |  | 556580-7509 |  | 100 |  | 100
|SDI Media AB                    |  | 556170-2217 |  | 100 |  | 100
|MediaDubb International AB      |  | 556442-2706 |  | 100 |  | 100
|SDI Media Scandinavia AB        |  | 556538-9375 |  | 100 |  | 100
|SDI Media Finland Oy            |  |             |  | 100 |  | 100
|SDI Media Eesti Ou              |  |             |  | 100 |  | 100
|UAB SDI Media International     |  |             |  | 100 |  | 100
|SDI Media Latvia SIA            |  |             |  | 100 |  | 100
|SDI Media Netherlands bv        |  |             |  | 90  |  | 90 
|Subtitling International SA     |  |             |  | 100 |  | 100
|SDI Media Hong Kong Ltd         |  |             |  | 60  |  | 60 
|SDI Media Japan Ltd             |  |             |  | 70  |  | 70 
|SDI Media Thailand Ltd          |  |             |  | 29  |  | 55 
|SDI Media Group UK Ltd          |  |             |  | 100 |  | 100
|Screen Subtitling Systems Ltd   |  |             |  | 100 |  | 100
|SDI Media UK Ltd                |  |             |  | 100 |  | 100
|SDI Media Middle East sarl      |  |             |  | 100 |  | 100
|SDI Media France SARL           |  |             |  | 100 |  | 100
|SDI Media Asia Pacific Pte Ltd  |  |             |  | 100 |  | 100
|SDI Media Israel                |  |             |  | 100 |  | 100
|SDI Media USA Inc               |  |             |  | 100 |  | 100
|MTG Holding AB                  |  | 556057-9558 |  | 100 |  | 100
|Bäckegruve AB                   |  | 556170-7752 |  | 100 |  | 100
|Scansat Intressenter AB         |  | 556353-2679 |  | 100 |  | 100
|MTG Accounting AB               |  | 556298-5597 |  | 100 |  | 100
|Applied Sales Management ASM AB |  | 556513-5547 |  | 100 |  | 100
|Svithjod News AB                |  | 556504-7551 |  | 100 |  | 100
|Kinnevik Media International AB |  | 556339-8014 |  | 100 |  | 100
|DVDON AB                        |  | 556237-4628 |  | 100 |  | 100
|Gamerson AB                     |  | 556052-4174 |  | 100 |  | 100
|MTG Modern Merchandising AB     |  | 556400-1476 |  | 100 |  | 100
|Senaste Nytt på Nätet SNN AB    |  | 556448-0076 |  | 100 |  | 100
|Everymobile Skandinavien AB     |  | 556529-7917 |  | 100 |  | 100
|Skybus AB                       |  | 556098-4691 |  | 100 |  | 100
|SatTrans KB                     |  | 916624-2512 |  | 100 |  | 100
|Staden Staden AB                |  | 556205-6449 |  | 100 |  | 100
|MTG Moneypenny Productions AB   |  | 556491-9685 |  | 100 |  | 100
|Everytext Skandinavien AB       |  | 556484-0154 |  | 100 |  | 100
|Everyday TV AB                  |  | 556353-3065 |  | 100 |  | 100
|Interactive Italia SRL          |  |             |  | 90  |  | 90 
|MTG A/S Danmark                 |  |             |  | 100 |  | 100
|TV Shop A/S Danmark             |  |             |  | 100 |  | 100
|Strix Television A/S Danmark    |  |             |  | 100 |  | 100
|ViaSat A/S Danmark              |  |             |  | 100 |  | 100
|Scannews A/S Danmark            |  |             |  | 100 |  | 100
|Viasat Sport A/S                |  |             |  | 100 |  | 100
|Freeport Film A/S               |  |             |  | 100 |  | 100
|SDI Media Danmark A/S           |  |             |  | 100 |  | 100
|MTG New Media A/S Danmark       |  |             |  | 100 |  | 100
|TV1000 Danmark A/S              |  |             |  | 100 |  | 100
|TV Holding International SA     |  |             |  | 100 |  | 100
|TV Shop i Sverige AB            |  | 556374-8176 |  | 100 |  | 100
|MTG Filmproduktion AB           |  | 556323-0670 |  | 100 |  | 100
|MTG AS Norge                    |  |             |  | 100 |  | 100
|Viasat AS Norge                 |  |             |  | 100 |  | 100
|Metro Norge AS                  |  |             |  | 100 |  | 100
|MTG New Media AB                |  | 556558-5147 |  | 100 |  | 100
|MTG New Media A/S               |  |             |  | 100 |  | 100

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