Share Price
Last Price US$ 1.89
Change 2.16%
Last Trade 12.02.2016 21:00
* Delayed by 15 minutes.
 
  
 
Press Releases
12.02.2016 17:10:00
CTC MEDIA, INC. ANNOUNCES RECEIPT OF FINAL TRANCHE OF PURCHASE PRICE FOR BUSINESS SALE

http://www.ctcmedia.ruMoscow, Russia February 12, 2016 — CTC Media, Inc. (the “Company”) (NASDAQ: CTCM) today announced that it has received the final tranche of the purchase price for its sale of 75% of the outstanding participation interests in its subsidiary CTC Investments LLC to UTV-Management LLC. The sale closed on December 23, 2015, and was intended to bring the operating business into compliance with the foreign ownership restrictions of the Russian Mass Media Law, which became effective on January 1, 2016.  CTC Media, Inc. received $150.5 million in cash at closing. An additional $50 million was held back and was subject to adjustment based on the performance of the business during the second half of 2015 and agreed indemnity obligations. The Company has received $42.5 million of this additional consideration in cash. The $7.5 million reduction in the total purchase price reflects adjustments for several factors, including identified underinvestment and deferred payments by the group in the second half of 2015 compared with the agreed target budget; a reduction in working capital compared with the agreed target, reflecting the impairment of certain older programming content; and indemnification in connection with the settlement of a commercial litigation matter. The total consideration received in connection with the sale was $193.1 million.

01.02.2016 14:00:00
CTC Media and Magnit Retail Chain Announce the Launch of a New Loyalty Program

Moscow, Russia — February 1, 2016 — CTC Media, Russia's leading content holding, and Magnit, the leading retail chain in Russia, announce the start of another loyalty program, now branded after the popular TV series “Voroniny”.

19.01.2016 15:20:00
CTC Investments Announces Election of Board of Directors

Moscow, Russia January 19, 2016 — CTC Investments, a leading Russian content holding (CTC Investments or the “Holding”), has announced the election of members of its Board of Directors.

24.12.2015 16:05:00
CTC MEDIA COMPLETES SALE OF A 75% INTEREST IN ITS OPERATING BUSINESSES TO UTH RUSSIA

Moscow, Russia — December 24, 2015 — CTC Media, Inc. (“CTC Media” or the “Company”) (NASDAQ: CTCM) today announced that it has completed the sale of 75% of the outstanding participation interests in its subsidiary CTC Investments LLC (“CTC Investments”) to UTV-Management LLC (“UTH”), a leading private commercial television broadcaster in Russia.