Russia’s CTC Media has posted total operating revenues of $112,147,000 (€82,134,906) for Q2, or 9.1% more than in the corresponding period last year. However, both its OIBDA of $51,422,000) and net income of $30,692,000 represented falls of 5.5% and 10% respectively. However, the H1 figures looked more healthy, with the total operating revenues of $216,268,000 (+18.8%), OIBDA of $95,710,000 (+4.9%) and net income of $58,815,000 (+3.6%) all higher than in H1 2006. Although CTC Media’s CTC Network remains the fourth most watched service in Russia, its audience share fell from 9.3% in Q1 to 8.9% in Q2 of this year. At its peak in Q2 2006 it commanded a figure of 11.7%. The Domashny Network, which is aimed at a mostly female audience, nevertheless continues to grow in popularity, claiming an audience share of 2% in Q2, as opposed to 1.9% in Q1 and 1.3% in Q2 2006. CTC Media lists Sweden’s MTG (40%) and the Russian Alfa Group (26%) as its principal shareholders.
