Share Price
Last Price US$ 2.03
Change 0.50%
Last Trade 03.05.2016 21:00
* Delayed by 15 minutes.
 
  
 
Press Releases
29.04.2016 23:40:00
CTC MEDIA, INC. ANNOUNCES FINAL TERMS OF CASH-OUT MERGER

Moscow, Russia April 29, 2016 — CTC Media, Inc. (“CTC Media” or the “Company”) (NASDAQ: CTCM) today announced that the consideration in its previously announced cash-out merger transaction is expected to be $2.05 per share, which is in the upper half of the range approved by stockholders of $1.77 to $2.19 per share. The total amount available for distribution is expected to be $239 million. The Company anticipates that the merger will close by the middle of May 2016, following the receipt of a pending tax refund from the U.S. Internal Revenue Service.

29.03.2016 17:00:00
CTC MEDIA PROVIDES UPDATE ON ANTICIPATED TIMING OF CASH-OUT MERGER

Moscow, Russia March 29, 2016 — CTC Media, Inc. (“CTC Media” or the “Company”) (NASDAQ: CTCM) today announced that the Office of Foreign Assets Control of the U.S. Treasury Department has issued a license authorizing CTC Media to proceed with the previously announced cash-out merger transaction. The Board of Directors is currently finalizing preparations for the merger, and in particular is awaiting the receipt of a tax refund from the U.S. Internal Revenue Service, which will form part of the consideration to stockholders in such merger. Assuming receipt of this tax refund, the Board currently anticipates that the Company will complete the merger early in the second quarter of 2016. The Company currently has no material operations and the Board is prudently limiting all expenditures with the goal of maximizing the amount of consideration that will be available to stockholders in the merger. As previously announced, the Company continues to anticipate that the per-share consideration in the merger will be at the lower end of the upper half of the range approved by stockholders of $1.77 to $2.19 per share.

17.03.2016 12:50:00
CTC Media Wins Gold and Silver PromaxBDA Europe Awards 2016

Moscow, Russia — March 16, 2016 — CTC channel team won Gold and Silver PromaxBDA Promotion, Marketing and Design Awards 2016.

15.03.2016 11:45:00
BIG TV Rating to Measure TV Audiences across All Planes

Moscow, Russia — March 15, 2016 — CTC Media, TNS Russia and Vi announced a pilot project to measure the audiences of TV content and in-program advertising across both traditional and digital planes.