Russia’s CTC Media is to be delisted from Nasdaq Stock Market.
The reorganisation of the Russian national commercial broadcaster CTC Media is now expected to close by the end of this month.
Russia’s CTC Media has announced the final terms of its cash-out merger transaction.
Russia’s TV ad market grew by between 15-18% in the first quarter after having contracted by 14% to R136.7 billion (€1.8 billion) in 2015.
The Russian national commercial broadcaster CTC Media saw its revenue halve in 2015, down from $710.40 million in the previous year to $350.56 million.
The Office of Foreign Assets Control of the US Treasury Department has issued a licence authorising CTC Media to proceed with its previously announced sale.
The Russian broadcaster CTC Media has launched an international version of its thematic channel Domashny.
The Russian broadcaster CTC Media has received the final tranche of the purchase price of its sale of 75% of the company to UTV Management.
Russia’s CTC Media has been warned by NASDAQ that it intends to initiate its delisting from the exchange.
The Russian TV channel operator CTC Investments has elected a board of directors.