CTC Media

Russian government approves CTC Media sale

The Russian government has given the green light to CTC Media’s planned sale to UTH Russia-affiliated UTV Management. The Russian Government Commission responsible for the Control of Foreign Investments in the Russian Federation approved the deal, while CTC Media’s largest stockholder, MTG Russia, has also backed the sale in a proxy vote ahead of a […]

CTC hit by perfect storm in third quarter

Russian broadcaster CTC Media was hit by a commercial, macroeconomic and regulatory storm in the third quarter, suffering from both a fall in its audience share and the overall weakness of the Russian advertising market. CTC reported a 15% slide in revenues in ruble terms and a 51% fall in dollar terms to RUB4.9 billion […]

Russia’s CTC Media to launch Che Channel for ‘real men’

Russia’s CTC Media is due to launch its new Che Channel on November 12, replacing humour and reality TV network Peretz with a channel aimed at men “who love their country”. Announcing the launch, CTC said that Che will be a reflection of the lifestyle, interests and core values of a “real man”, with ‘Che’ […]

CTC offers premium online access to top show

Russia’s CTC Media is offering premium online access to the third season of popular series Molodezhka ahead of its becoming available as part of the Videomore on-demand service. CTC will make the first four episodes of the series available for purchase five days before the show is made available to Videomore subscribers. The first two […]

CTC Media hails success of second screen app

Russian broadcaster CTC Media’s second screen app has been downloaded 330,000 times in the month since its launch, the company has said. The CTC Second Screen app uses audio synchronization of mobile devices with the TV to allow viewers to gain access to additional content related to shows on their mobile devices. Early uses of […]

CTC Media agrees US$200 million sale of 75% stake to UTH

Russia’s CTC Media has entered a definitive agreement to sell a 75% stake in its operating businesses to UTH Russia-affiliated UTV Management for US$200 million (€178 million) in cash in order to comply with the new foreign ownership restrictions imposed by the Russian government. CTC Media had previously confirmed it had received a formal, non-binding […]

CTC launches channel-wide second screen app

Russian broadcaster CTC Media has launched a dedicated second-screen app that uses audio synchronisation to provide additional services related to broadcast shows on tablets and smartphones. The company had previously experimented with second-screen technology by launching an app for its Molodezhka TV series in autumn 2014, which was downloaded over one million times in the […]

Russia’s CTC Media reports 74% plunge in net income

CTC Media’s net income plummeted 74% year-on-year in the second quarter with the firm blaming a “challenging” first half on regulatory, macroeconomic and commercial developments. Announcing its Q2 results, the Russian broadcast group reported net income of RUB241.5 million (€3.46 million), down from RUB940.9 million a year earlier. In dollar terms the profit drop was […]

CTC pulls out of S&P ratings, postpones earnings announcement

Russian broadcaster CTC Media has asked Standard & Poor’s to withdraw its credit rating service as part of what it describes as a cost-cutting exercise. S&P affirmed the Company’s ‘BB-/B’ long- and short-term corporate credit ratings and ‘ruAA-‘ Russia national scale rating and then withdrew the ratings. The outlook was stable at the time of […]

MTG lifted by Viaplay, highlights continued uncertainty on Russia

Modern Times Group’s (MTG) second-quarter performance was lifted by strong sales from its Viaplay on-demand offering and IPTV growth, which offset declines across its satellite and cable pay TV arms. MTG said that UTH’s offer for its stake in CTC in Russia, which would deliver a “modest premium” to the July 2 closing price of […]