New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 27, 2012
05:15 EDTCTCMCTC 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.
News For CTCM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
September 25, 2015
05:18 EDTCTCMCTC Media agrees to sell 75% interest in operating business to UTH Russia
CTC Media announced that it has entered into a definitive agreement to sell a 75% interest in its operating businesses to UTV-Management LLC, an affiliate of UTH Russia, a private commercial television broadcaster in Russia, for $200M in cash, subject to adjustment as described below. The transaction is being undertaken to ensure compliance with the foreign ownership restrictions imposed by Russia's new Mass Media Law, while maximizing the potential return to the company's stockholders. The company had previously announced its receipt of a formal, non-binding offer from UTH on July 6, 2015. The board of Directors of CTC Media will recommend that the company's stockholders approve the transaction at a special meeting to be convened as soon as possible. The transaction is expected to close in late December 2015. MTG Russia, the company's largest stockholder, holding approximately 38% of the company's common stock, has indicated that it is prepared to support the transaction based on the terms of the agreement with UTH and the ability of the Company to return value to stockholders, all as described below.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use