CTC Media

Broadcasters take forward ‘Russian Hulu’ plan with new OTT TV platform

Russian broadcaster CTC Media and the country’s largest media holding company, National Media Group, are to create a single joint online TV platform, More.TV. The pair will create the new platform as a virtual TV and video-on-demand operator, offering a distribution network for streamed TV channels and popular Russian and international content that will be […]

MTG completes sale of CTC stake

Modern Times Group (MTG) has completed the sale of its 38% stake in Russian broadcasters CTC Media. The Swedish-based free and pay TV group received a total of US$123 million (€110 million) for the stake, and the deal leaves MTG with no further interest in CTC or any of its operations. The sale will result […]

Nasdaq to delist CTC Media for failing to follow rules

CTC Media has confirmed that the Nasdaq will delist the company from the stock market after the Russian media firm failed to meet listing rules. In a statement, CTC said that the decision was reached by Nasdaq “because, among other reasons, the company did not hold an annual meeting for fiscal year 2015, as required […]

MTG set to cash out of CTC Media

Modern Times Group (MTG) is set to receive US$123 million in cash for its 38% stake of Russian broadcaster CTC Media, after CTC announced the final terms of its cash-out merger. MTG said that based on currency exchange rates at close of business on April 29, net cash receipts of SEK 987 million would be […]

CTC merger reorganisation moves forward, following sale

CTC Media has received a licence from the US Treasury Department authorising it to proceed with its previously announced cash-out merger deal. In a statement, the Russian broadcaster said that it is finalising preparations for the merger, and is awaiting the receipt of a tax refund from the US Internal Revenue Service, which will form […]

CTC Media in digital audience measurement initiative

Russian broadcaster CTC Media has teamed up with audience measurement specialist TNS Russia and technology provider Vi to offer advertising space based on measurement of audiences across both linear and digital domains. The new ratings tool – known as Big TV – will measure the non-linear viewership of all the Federal – nationally available – […]

CTC Media launches Domashny TV International

Russian broadcaster CTC Media has launched an international version of its female-focused thematic channel Domashny TV. Domashny TV International is now available via SES’s Astra 5B satellite to viewers in Lithuania, Latvia, Estonia, Israel, Kazakhstan, Belarus, Moldova, Georgia, Armenia, Azerbaijan, Kyrgyzstan and across Europe. The channel began test transmissions late last year. Domashny TV International […]

CTC Media receives final payment for 75% stake sale

CTC Media has now received the received the final tranche of payment for its sale of a 75% stake in the company to Russia’s UTV Management. The deal saw CTC Media received US$150.5 million (€133.7 million) in cash after it closed on December 23. An additional US$50 million was held back and was subject to […]

Sony sells 80% of Russian channels operation

Sony Pictures Television has offloaded 80% of its Russian channels operation to comply with new foreign ownership laws in the country. SPT is the latest international channels group to be hit by the Russian media regulations, which restrict non-Russian companies to small stake in channels. Accordingly, SPT has offloaded an 80% stake in its Russian […]

Stockholders back CTC Media sale

CTC Media’s stockholders approved the sale of 75% of the company to Russia’s UTV Management at a special meeting held yesterday. The sale to UTV was approved by people who own 62.7% of CTC’s outstanding shares, while 54.4% approved a merger between CTC Media and a wholly-owned subsidiary called CTCM Merger Sub. The sale required […]

1 2 3 7