Revenue rises for Russian CTC

Company sees rise in first quarter

Nasdaq-quoted Russian TV holding CTC Media saw consolidated revenue up 31.3% to $136.7 million in the first quarter, the company announced.

The holding now runs flagship CTC and femme channel Domashny. During the quarter it paid $395 million for DTV, projected as a male youth-oriented net, acquiring it from its own leading shareholder, Sweden’s Modern Times Group.

Though CTC audience share fell to 8.8% from 9.3% year to year, its target demographic reach in the general youth entertainment field remained practically unchanged.

Domashny share rose to 2.3% from 1.9%, with its target female demo up by a similar ratio.

Holding also rebranded and relaunched Channel 31 in neighboring Kazakhstan in April, and it is developing another startup station in Uzbekistan.

“We continued to successfully execute on our growth strategy,” said CEO Alexander Rodnyansky. “The first several weeks of broadcasting in Kazakhstan proved to be tremendously successful, and we believe we are well positioned to further strengthen our position with Kazakh viewers and in the overall market.”

More Scene

  • National Comedy Center Set To Open

    National Comedy Center Set To Open During Lucille Ball Fest

    Nasdaq-quoted Russian TV holding CTC Media saw consolidated revenue up 31.3% to $136.7 million in the first quarter, the company announced. The holding now runs flagship CTC and femme channel Domashny. During the quarter it paid $395 million for DTV, projected as a male youth-oriented net, acquiring it from its own leading shareholder, Sweden’s Modern […]

  • Carter Hudson, John Singleton, Angela LewisFX's

    John Singleton on Disney-Fox Deal: 'You Gotta Let FX Be What It Is'

    Nasdaq-quoted Russian TV holding CTC Media saw consolidated revenue up 31.3% to $136.7 million in the first quarter, the company announced. The holding now runs flagship CTC and femme channel Domashny. During the quarter it paid $395 million for DTV, projected as a male youth-oriented net, acquiring it from its own leading shareholder, Sweden’s Modern […]

  • Kevin Durant Lindsey Vonn

    Kevin Durant, Lindsey Vonn to Keynote Variety's Sports & Entertainment Breakfast

    Nasdaq-quoted Russian TV holding CTC Media saw consolidated revenue up 31.3% to $136.7 million in the first quarter, the company announced. The holding now runs flagship CTC and femme channel Domashny. During the quarter it paid $395 million for DTV, projected as a male youth-oriented net, acquiring it from its own leading shareholder, Sweden’s Modern […]

  • Cher and Meryl Streep'Mamma Mia! Here

    How the Cast of 'Mamma Mia! Here We Go Again' Geeked Out Around Cher

    Nasdaq-quoted Russian TV holding CTC Media saw consolidated revenue up 31.3% to $136.7 million in the first quarter, the company announced. The holding now runs flagship CTC and femme channel Domashny. During the quarter it paid $395 million for DTV, projected as a male youth-oriented net, acquiring it from its own leading shareholder, Sweden’s Modern […]

  • Demi MooreComedy Central's Roast of Bruce

    Demi Moore Appears as Surprise Guest at Bruce Willis' Comedy Central Roast

    Nasdaq-quoted Russian TV holding CTC Media saw consolidated revenue up 31.3% to $136.7 million in the first quarter, the company announced. The holding now runs flagship CTC and femme channel Domashny. During the quarter it paid $395 million for DTV, projected as a male youth-oriented net, acquiring it from its own leading shareholder, Sweden’s Modern […]

  • Outfest Filmmakers Get Political, Issue Call

    Outfest Filmmakers Get Political, Issue Call to Action on Opening Night

    Nasdaq-quoted Russian TV holding CTC Media saw consolidated revenue up 31.3% to $136.7 million in the first quarter, the company announced. The holding now runs flagship CTC and femme channel Domashny. During the quarter it paid $395 million for DTV, projected as a male youth-oriented net, acquiring it from its own leading shareholder, Sweden’s Modern […]

  • Bob Woodruff Foundation Acquires Veterans Org

    Bob Woodruff Foundation Acquires Veterans Org Got Your 6

    Nasdaq-quoted Russian TV holding CTC Media saw consolidated revenue up 31.3% to $136.7 million in the first quarter, the company announced. The holding now runs flagship CTC and femme channel Domashny. During the quarter it paid $395 million for DTV, projected as a male youth-oriented net, acquiring it from its own leading shareholder, Sweden’s Modern […]

More From Our Brands

Access exclusive content