The Russian broadcaster CTC Media no longer lists Itera as one of its backers.
Quoting a filing posted by the Securities and Exchange Commission (SEC) earlier this week, Kommersant reports that Iteria Media Ltd, which is part of the Itera group, has disposed of its shares in Telcrest, which owns 25.17% of CTC Media.
Itera became a shareholder in CTC Media in May 2011 through what was then the newly created Telcrest, acquiring a 27.88% in the latter.
This effectively gave it an approximately 7% stake in CTC Media.
CTC Media, which lists MTG as its largest shareholder, includes the stations CTC, Domashny and Peretz among its interests.