Russia’s National Media Group (NMG) and CTC Media are to effectively consolidate their internet assets.
Kommersant reports that they will create a company that will manage these assets, which include the sites for six TV channels (CTC, Domashniy, Che, CTC Love, Ren TV and Pyatnitsa) and CTC Media’s OTT service Videomore.
It will be headed by Denis Gorshkov, who was until recently the general director of Amedia TV.
Kommersant notes that NMG and CTC Media, two of the leading broadcasters in Russia, have been working together for some time and already have several joint companies.
They also share a joint owner in the shape of Yury Kovalchuk’s Rossiya Bank and his partners.