Key Developments: CTC Media Inc (CTCM.O)
Latest Key Developments (Source: Significant Developments)
CTC Media Inc and CTC Media announces large-scale agreement for Russian Content Rollout on VOD Platforms in U.S.
ROSKINO and Digital Media Rights:Exclusive launch of Russian TV series in U.S. on free, ad-supported Hulu and Hulu Plus subscription service.Russia's independent media company CTC Media Inc is one of partners in the agreement.CTC Media and ROSKINO will provide a range of their in-house television shows including sports drama Junior League , dramedy Ranetki, mystery thriller The Day After and crime drama Lavrova's Method on Hulu and Hulu Plus. Full Article
CTC Media Inc:Intends to pay cash dividends of $0.70 per share (or up to about $109 million in the aggregate) in 2014, a year-on-year increase of 11 percent compared to cash dividends of $0.63 per share (or $98.8 million in the aggregate) paid in 2013.Declares a cash dividend of $0.175 per share (or about $27 million in the aggregate) to be paid on or about March 28 to shareholders of record as of March 19 with further dividends anticipated in the remaining quarters of 2014.Although it is the Board's current intention to declare and pay further dividends in the remaining quarters of 2014, there can be no assurance that such additional dividends will in fact be declared and paid.Any such declaration is at the discretion of the Board and will depend upon factors such as CTC Media's earnings, financial position and cash requirements. Full Article
CTC Media Inc:Begins broadcasting the international version of the PERETZ television channel in Kyrgyzstan.Says in Jan. 2014, the television and radio company Evropa-Azia became CTC Media Inc's cable network broadcasting partner for PERETZ International in the Republic. Full Article
CTC Media Inc announced that the Board of Directors has declared a cash dividend of $0.16 per share (or approximately $25 million in the aggregate) to be paid on or about December 27, 2013 to shareholders of record as of December 2, 2013. Full Article
CTC Media Inc announced that the Board of Directors currently intends to pay aggregate cash dividends of approximately $0.63 per share in 2013 and has declared a cash dividend of $0.16 per share (or approximately $25 million in the aggregate) to be paid on or about September 27, 2013 to shareholders of record as of September 2, 2013, with further dividends anticipated in the fourth quarter of 2013. Full Article
CTC Media Inc announced the appointment of Yuliana Slashcheva as the Company's new Chief Executive Officer, effective August 1. Ms. Slashcheva will succeed Boris Podolsky, who has decided to leave the Company in order to pursue other interests. Full Article
CTC Media Inc announced that the Board of Directors has declared a dividend of $0.16 per outstanding share of common stock, or approximately $25 million in total, to be paid on or about June 26, 2013 to stockholders of record as of June 3, 2013. Full Article
CTC Media Inc announced that Lorenzo Grabau has been appointed as a member and Co-Chairman of CTC Media's Board of Directors, effective upon the closing of the 2013 Annual Meeting of Stockholders to be held on April 30, 2013. Mr. Grabau has been appointed to fill a vacancy being created by the departure from the Board of Hans-Holger Albrecht, whose resignation will be effective as of the close of the Annual Meeting. Full Article
Interfax reported that CTC Media Inc approved an open-market share buyback on March 4, 2013. The Company will purchase up to 2.5 million of its shares under this program. The Company has announced its intent to pay dividend in the fiscal year 2013 of USD 0.63 per share, or USD 100 million in all (USD 82 million the fiscal year 2012). Shareholders will receive the first quarterly tranche of USD 0.15 per share, or USD 24 million in total, before March 29, 2013. Full Article
CTC Media Inc and National Media Group announced an agreement to create a joint online video resource on the base of the Videomore portal, which was launched by CTC Media in December 2010. According to the reached agreement, a significant amount of REN TV and Channel 5 content, including both new releases and library titles, will be made freely available on the Videomore portal, in addition to existing CTC Media content. Full Article
MOSCOW, April 30 - Russian broadcaster CTC Media said on Wednesday it is complying with economic sanctions against the parent of a major shareholder and is studying the broader impact of the Ukraine crisis on its business.