CTC Media

UTH Russia makes US$200 million CTC Media bid

Russian broadcast group UTH Russia has made a formal offer to buy 75% of CTC Media for US$200 million (€180 million), ahead of changes to Russian law that will limit foreign ownership of media companies. If approved, the deal will see CTC will fall in line with new legislation that will require media companies in […]

CTC Media launches movie streaming

Russia’s CTC Media has launched free movie streaming across its various channel websites and on its on-demand TV site Videomore. CTC Media will offer a selection of films on the websites for its CTC, Domashniy and Peretz channels, as well as on Videomore, with the titles geared towards the themes of the corresponding stations. CTC […]

CTC Media names Tsukanova as new co-chairman

Following the withdrawal of Modern Times Group CEO Jørgen Madsen Lindemann and MTG’s CFO Mathias Hermansson from its board, Russian broadcaster CTC Media has named new MTG nominee Natasha Tsukanova as co-chairman. CTC Media’s shareholder agreement allows MTG to appoint three of CTC Media’s nine directors including one co-chairman. Tsukanova is the CEO of Xenon, […]

MTG chiefs quit CTC Media board

Modern Times Group’s CEO Jørgen Madsen Lindemann and CFO Mathias Hermansson have left the board of Russian commercial broadcaster CTC Media, as MTG mulls its options in Russia ahead of the imposition of new rules drastically restricting the scope of foreign ownership of media assets. Lindemann has additionally resigned as co-chairman of CTC. MTG, as […]

MTG denies CTC sale reports

Modern Times Group (MTG) has denied suggestions in the Russian press that it has held talks with Telcrest Investments, the Cyprus-based investment vehicle controlled by Rossiya Bank, to sell its 39% stake in the company ahead of the imposition of new restrictions on foreign ownership of Russian media assets. Russian newspaper Vedomosti reported that multiple […]

MTIS adds Peretz

Belarusian service provider MTIS has added CTC Media-owned channel Peretz to its programming line-up.  MTIS is carrying Peretz, which airs a mix of comedy and entertainment programming, in both analogue and digital formats. Separately, MTIS has continued to upgrade its cable network, making digital TV services available in an additional 11 apartment complexes in the […]

CTC Media mobile game hits 500,000 downloads

Russia broadcaster CTC Media has said that a mobile game based around its TV show Molodezhka has been downloaded by half a million users in just over a month. The free game was released on December 15, was developed in co-operation with games company Game Insight and is based around CTC Media’s popular ice hockey-themed […]

CTC Media closes Moldovan subsidiary

Russian broadcaster CTC Media is closing its subsidiary in the Republic of Moldova and cutting its CTC Mega TV channel, citing the “current market situation” in the country.  Announcing the move, CTC Media’s deputy director general for broadcasting management, Sergey Petrov, said the move was part of an effort by CTC to increase the efficiency […]

CTC Media buys majority stake in CarambaTV

Russia’s CTC Media has paid RUB148 million for a 51% controlling stake in Russian digital content producer CarambaTV. Announcing the deal, CTC Media CEO Yuliana Slashcheva said that it represented “the next logical step” in CTC’s strategy to develop its digital and transmedia businesses. CarambaTV said that its content generates more than 75million views per […]

CTC Media appoints new finance chief

Russia’s CTC Media has appointed Stanislav Ploschenko, the senior vice-president for finance at mining and metals company Mechel, as its new chief financial officer.  Ploschenko will take up his new role effective January 24, 2015, replacing current CFO Nikolay Surikov, who will leave his post on January 23. Until he starts his job, Ploshenko will […]