The Russian company CTC Media, which is backed Sweden’s Modern Times Group (MTG), saw its revenue jump by 56.2% in 2006 to $370.8 million (€280.8 million). At the same time, its share of the Russian TV ad market – estimated to be worth $3.2 billion in 2006 – rose from 13.6% to 15.6% of the total. CTC Media is one of the best performers in MTG’s growing Central and East European portfolio, which includes interests in Russia, the Baltic Republics, Hungary, the Czech Republic, Slovenia and – as of earlier this month – Bulgaria. It operates the CTC TV Network, which claimed an audience share of 9% in Q4 2006, and Domashny, a thematic channel aimed at female viewers, which had a 1.5% share in the same quarter. (CD)
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