Key Developments: CTC Media Inc (CTCM.O)
29 Jun 2015
Latest Key Developments (Source: Significant Developments)
CTC Media Inc:Appoints Natasha Tsukanova as Co-Chairman of Board. Full Article
CTC Media Inc:Declares cash dividend of $0.175 per share for Q1 of 2015.Payable on or about March 31 to shareholders of record as of March 16. Full Article
CTC Media Inc:Has completed its acquisition of majority stake in CarambaTV.Acquired 51 pct ownership stake in CarambaTV for 148 mln rubles.Transaction included Carambatv.ru and 100500.tv web portals, which together receive over 2 mln unique monthly visitors. Full Article
CTC Media Inc:Appointment of Stanislav Ploschenko as the company's new Chief Financial Officer, effective Jan. 24, 2015.Says Ploschenko will also serve as an advisor to the company's CEO on financial matters until he takes office as CFO. Full Article
CTC Media Inc:CJSC National Media Group, the All-Russia State Television and Radio Broadcasting Company (VGTRK) and CTC Media are creating a studio for the full-cycle production of television and film content, according to a statement posted on the National Media Group's website-Interfax.The new company, in which each partner will receive equal stake (90 pct in total), will begin operations on Jan. 1, 2015.The remaining 10 pct will be distributed among management.The CEO of the new company will be Vyacheslav Murugov.As reported, National Media Group, VGTRK, Gazprom Media Holding and Channel One agreed on creating a joint advertisement seller as part of Vi.The new company will also begin operations in 2015.CTC Media will continue selling advertising on its channels through its own sales house Everest-C. Full Article
CTC Media Inc:Declares cash dividends of $0.70 per share (or about $109 mln in aggregate) in 2014, year-on-year increase of 11 pct compared to cash dividends of $0.63 per share (or $98.8 mln in the aggregate) paid in 2013, including cash dividend of $0.175 per share (or about $27.3 mln in the aggregate).Says to be paid on or about Dec. 26.Says to shareholders of record as of Dec. 1. Full Article
CTC Media Inc:Says that existing Board member Jørgen Madsen Lindemann has been elected to serve as Co-Chairman of the CTC Media Board of Directors in place of Lorenzo Grabau. Full Article
CTC Media Inc:Announced new agreements with Russian Television and Radio Broadcasting Network (RTRS) establishing terms and conditions for participation of CTC and Domashny channels in second multiplex of Russian digital television broadcasting system. Full Article
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
MOSCOW, April 30 - Russian broadcaster CTC Media said on Thursday its board had decided not to declare a second-quarter dividend as its net profit halved compared with the first quarter of 2014.