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CTC Media set to expand

August 11, 2009 08.54 Europe/London By Chris Dziadul

Russia’s CTC Media is looking to expand its presence outside the country.

Kommersant reports that the commercial broadcaster, which is backed by Modern Times Group (MTG), is hoping to enter into a joint venture with the Belarusian cable operator BelMuzTV.

Negotiations between the two parties have apparently been ongoing for a year, and a final decision is now pending.

CTC Media already has interests in Kazakhstan, Uzbekistan and Moldova. Legislation that came into effect in February this year puts a 30% foreign ownership cap on media companies operating in Belarus.

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Filed Under: Central & East Europe, Newsline Edited: 11 August 2009 08:54

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