CTC Media names Elmira Makhmutova as Chief Marketing Officer CTC Media has announced the appointment of Elmira Makhmutova as Chief Marketing Officer. She was previously Marketing Director of the Peretz channel. Elmira has been with CTC Media for 5 years.
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.
CTC Media announces change to distribution model in Moldova CTC Media announced a change to its distribution model in Moldova. The company's board has decided to start a gradual transition to sub-license the content of its international channels. The company also intends to begin selling content to other TV channels operating in Moldova. The CTC MEGA TV channel had been broadcasting in Moldova since 2005. The company's exclusive content license between Set Televizionnykh Stantsii CJSC and I.M. TELEDIXI S.R.L. expired on December 31, 2014.