Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Nasdaq  >  CTC Media, Inc.    CTCM

News SummaryMost relevantAll newsSector news 


05/31/2011 | 07:50am US/Eastern


Moscow, Russia – May 31, 2011 – CTC Media, Inc. (“CTC Media” or “the Company”) (NASDAQ: CTCM), Russia’s leading independent media company, announces the further expansion of the CTC-International channel (“CTC-International”) in North America. In May 2011, it was launched on two new platforms – Time Warner Cable in New York City and Russian Media Group LLC (“RMG”). The Company has signed long-term agreements with both providers.

The CTC-International brand was first introduced in North America in December 2009 when it was launched on DISH satellite network.

The new agreements will enable CTC Media to significantly expand its presence - the CTC-International channel will be available to approximately 175,000 viewers in North America.

The launch of broadcasting on the RMG and Time Warner Cable platforms is an important step in the development of CTC-International that will make viable advertising inventory sales, which are expected to commence in the fall 2011.

Anton Kudryashov, Chief Executive Officer of CTC Media, commented: “We continue to develop our business outside of Russia by launching CTC-International in the new markets and expanding our presence in the countries of established operations. Our current potential audience is 12 million viewers worldwide, and we expect our subscriber base to grow several times by the end of 2011.”

Viacheslav Sinadski, Chief Strategy Officer of CTC Media, commented: “The international version of CTC has a high growth potential driven by great level of interest towards our content. So far the contribution of CTC-International to the consolidated results has been marginal but we see positive dynamics in its revenue growth and the development of the segment as a whole.”

Mark S. Golub, President and CEO of the Russian Media Group LLC, commented: “We are thrilled to have the opportunity to add one of the most popular Russian channels to our RTN Platinum package. With its superb programming, which combines shows from three channels made in Russia, CTC is sure to become one of the favorite networks watched by our viewers across America.”

About CTC Media, Inc.

CTC Media is a leading independent media company in Russia, with operations throughout Russia and elsewhere in the CIS. It operates three free-to-air television networks in Russia - CTC, Domashny and DTV - as well as Channel 31 in Kazakhstan and TV company in Moldova, with a combined potential audience of over 150 million people. The international pay-TV version of the CTC channel is available in North America, Israel and Germany. CTC Media also owns two TV content production companies, Costafilm and Soho Media The Company’s common stock is traded on The NASDAQ Global Select Market under the symbol “CTCM”. For more information on CTC Media, please visit www.ctcmedia.ru.


For further information, please visit www.ctcmedia.ruor contact:

Media Relations

Victoria Bakaeva

Tel: +7 495 785 6347, ext. 1210


CTC Media, Inc.

Investor Relations

Ekaterina Ostrova or

Irina Klimova

Tel: + 7 495 783 3650


React to this article
Latest news on CTC MEDIA, INC.
09/25 CTC MEDIA : Entry into a Material Definitive Agreement, Other Events, Financial ..
09/25DJCTC Media Sells 75% Stake to UTH Russia
09/25 CTC Media Enters Into Definitive Agreement to Sell a 75% Interest in Its Oper..
09/21 CTC MEDIA : and Magnit retail chain announce increased cooperation as part of lo..
08/25 CTC MEDIA : Launches Russia's First Channel-Wide Second Screen
08/07 CTC MEDIA : Management's Discussion and Analysis of Financial Condition and Resu..
08/07 CTC MEDIA : Results of Operations and Financial Condition, Financial Statements ..
08/07 CTC MEDIA : posts 2Q profit
08/07 CTC Media Announces Financial Results for the Second Quarter and Six Months E..
08/04 CTC Media Schedules Second Quarter and Six Months 2015 Earnings Release and C..
Duration : Period :
CTC Media, Inc. Technical Analysis Chart | CTCM | US12642X1063 | 4-Traders
Income Statement Evolution
More Financials