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CTC Media on the up

March 2, 2011 11.00 Europe/London By Chris Dziadul

The Russian commercial broadcaster CTC Media has posted strong results for 2010. At the same time, it has announced that it expects its total operating revenues to rise by 20% in rouble terms this year.

The company, whose backers includes MTG, had total revenues of $222,231,000 (€160.867,000) in Q4, or 23% more than in the corresponding period in 2009. Those for the full year, at $601,285,000, were meanwhile 19% up on 2009.

OIBDA was $104,358,000 (+19%) in Q4 and $220,854,000 (+35%). Net income amounted to $75,329,000 (+261%) in Q4 and $145,731,000 (+45%) for the full year.

CTC Media operates the TV channels CTC, Domashny and DTV, as well as Channel 31 in neighbouring Kazakhstan.

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Filed Under: Central & East Europe, Newsline Tagged With: CTC Media Edited: 2 March 2011 11:48

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