×
You will be redirected back to your article in seconds

CTC Media takes stake in Channel 31

kazakh net has been broadcasting since '92

MOSCOW — Russian holding company CTC Media has taken a 20% stake in Kazakhstan’s Channel 31, as well as majority ownership of related companies providing ad sales and programming content for the station, the fourth largest in the increasingly prosperous Central Asian territory.

Based in Almaty, Channel 31 has been broadcasting since 1992, with a network comprising 11 stations, and about 60 independent affiliate stations. Audience share in the second half of 2007 averaged 7.1%.

Nasdaq-listed CTC Media expects to start broadcasting in the its format on Channel 31 by the end of March. The next expansion from the outfit is skedded to be a start-up TV channel in Uzbekistan — almost certainly a trickier territory to break into — where CTC Media has been sounding out opportunities.

“We continue to view the countries of the former Soviet Union as attractive strategic opportunities for CTC Media. We plan to continue to execute on our expansion strategy by extending the reach of our brands to other markets in the region that are poised for robust growth and where Russian content is a proven success with audiences,” said CTC Media CEO Alexander Rodnyansky on Friday.

More Biz

  • Assistant Attorney General, Antitrust Division nominee

    Justice Department Moves to End Paramount Antitrust Decrees

    The Department of Justice will seek to end the Paramount consent decrees, the landmark agreements that have barred studios from owning theaters for the last 70 years. Makan Delrahim, the head of the department’s antitrust division, made the announcement Monday in a speech to the American Bar Association fall forum on antitrust. He argued that [...]

  • Viacom HQ LA

    ViacomCBS Sets HR and Inclusion Chiefs

    ViacomCBS has named corporate heads of HR and inclusion as the companies prepare for the merger that is set to close early next month. The soon-to-combine Viacom and CBS have tapped Nielsen alum Nancy Phillips to serve as exec VP and chief people officer. Viacom alum Marva Smalls will serve as global head of inclusion, [...]

  • Sony Pictures Studio Culver City

    Sony Pictures Entertainment Buys AT&T's Stake in Game Show Network

    Sony Pictures Entertainment has bought out AT&T’s minority interest in Game Show Network for about $500 million. The deal makes Sony the sole owner of GSN. AT&T had owned 42% of the company, which the telco giant inherited with its purchase of DirecTV in 2015. AT&T has been on a mission this year to pay [...]

  • John Malone

    John Malone Boosts Stake in Discovery With $75 Million Stock Purchase

    John Malone has upped his stake in Discovery Inc. by purchasing $75 million worth of stock on the open market. Malone picked up just under 2.7 million shares in Discovery at $28.03 on Nov. 14, according to a Securities and Exchange Commission filing. Malone was already the company’s single-largest individual shareholder who holds super-voting shares [...]

  • the firt Motley Crue books Nikki

    Motley Crue to Tour in 2020?

    Even though Motley Crue signed a legal document confirming that their lucrative 2014-15 “Final Tour” would be their last, the group is plotting a trek in 2020, sources tell Variety. Rolling Stone reported today that Def Leppard and Poison will be joining the group for the tour, which it says will include stadiums; reps for [...]

More From Our Brands

Access exclusive content