CTC Media reaches agreement with Videomore and Viaplay CTC Media has reached an agreement for the future partnership between Videomore and Viaplay online pay TV service. Modern Times Group launched the online video on demand service Viaplay earlier this year in Russia. Starting from the end of December , Viaplay's content catalog that are exclusively available for viewing on subscription basis on Viaplay and will be promoted on Videomore as part of the cooperation agreement.
CTC Media downgraded to Sell from Neutral at Goldman Goldman Sachs downgraded CTC Media to Sell saying the Russian advertising market outlook remains "very uncertain" given the weakness in the ruble. Goldman expects Russia's TV ad market to drop 20% year-over-year in FY15. The firm cut its price target for CTC shares to $3 from $6.10. Shares of the Russian television operator closed Friday up 6c to $4.75.