How it started
History
The company was founded in 1984 by Ingemar Leijonborg and Gunnar Bergvall as Nordisk Television AB ("Nordic Television"). They intended to start a Swedish commercial television channel.
It took several years for Leijonborg and Bergvall to find someone willing to invest in their channel, but it was eventually launched on 15 September 1990 as "TV4", broadcasting from the Tele-X satellite. A Norwegian sister channel, TV4 Norway, was also launched, but was sold a few years later.
At the time, it was clear that the government intended to launch a third terrestrial station and that it would be commercially funded. The two main competitors for the new channel were Nordisk Television and Kinnevik (owners of TV3). Eventually it was Nordisk Television who got the license since Kinnevik agreed to withdraw their application. In exchange, Kinnevik bought 30 percent of Nordisk Television and a company called Airtime AB was set up to sell advertising in TV3 and TV4, giving Kinnevik control of almost all television advertising in Sweden. TV4 could start broadcasting terrestrially in the spring of 1992. Nordisk Television discontinued the Airtime agreement in 1993, a decision followed by years of discussion between Kinnevik and the other owners of the company.
Nordisk Television started trading on the Stockholm Stock Exchange in 1994 and changed its legal name to TV4 AB.
With the terrestrial license followed an obligation to give some airtime to different local companies. This would regularly be owned by the TV4 Group in conjunction with local investors and media companies. With the start of TV4 Uppland the number of regional stations reached sixteen. Eventually, the TV4 Group started buying local stations and in 2001 they owned all but one, TV4 Fyrstad, which went bankrupt in 2003. The TV4 Group then merged all regional stations into a single entity, TV4 Sverige AB.
From Wikipedia’s article on TV4 AB, shared under CC BY-SA 4.0.2