Russia’s CTC profits up fivefold

Advertising revenue hit but prices set to rise

Russia’s top commercial broadcaster CTC Media has weathered the recessionary storm and appears in good shape as it sails forward.

Net profits last year stood at $100.4 million, five times higher than the $22.5 million earned in 2008. However, revenues were down 20.1% at $506.1 million, hit by the weaker advertising market and the falling value of the ruble.

CEO Anton Kudryashov said CTC is selling air time at last year’s prices, but he expects advertising prices to improve later in the year.

Highlights last year included a slight increase in audience share from 13% to 13.2%, the acquisition of eight regional stations in six Russian cities and the launch of CTC’s international channel in North America.

Net profit for the fourth quarter stood at $20.9 million against $89 million loss a year before, although the 2008 results had included write downs in the value of programming assets. Revenue fell to $180.5 million in last three months of 2009 from $187.3 million in the same period in 2008.

The company runs three free-to-air television networks in Russia, CTC, Domashny and DTV, Channel 31 in Kazakhstan and channels in Uzbekistan and Moldova, and also owns TV production companies Costafilm and Soho Media.

More TV

  • Discovery Pitches Cross-Network Ad Package After

    Discovery Pitches 'Premiere' Cross-Network Ad Package Following Scripps Buy

    Russia’s top commercial broadcaster CTC Media has weathered the recessionary storm and appears in good shape as it sails forward. Net profits last year stood at $100.4 million, five times higher than the $22.5 million earned in 2008. However, revenues were down 20.1% at $506.1 million, hit by the weaker advertising market and the falling […]

  • Tom Hollander A Private War

    'The Night Manager's' Tom Hollander Joins 'Baptiste' From 'The Missing' Producer

    Russia’s top commercial broadcaster CTC Media has weathered the recessionary storm and appears in good shape as it sails forward. Net profits last year stood at $100.4 million, five times higher than the $22.5 million earned in 2008. However, revenues were down 20.1% at $506.1 million, hit by the weaker advertising market and the falling […]

  • Molly Windsor - Leading Actress -

    U.S.'s Sundance Now Takes 'Cheat,' Starring Molly Windsor, Katherine Kelly

    Russia’s top commercial broadcaster CTC Media has weathered the recessionary storm and appears in good shape as it sails forward. Net profits last year stood at $100.4 million, five times higher than the $22.5 million earned in 2008. However, revenues were down 20.1% at $506.1 million, hit by the weaker advertising market and the falling […]

  • HBO Orders ‘Storm Over Brooklyn,’ About

    HBO Orders ‘Storm Over Brooklyn’ Documentary About 1989 Murder of Black Teenager

    Russia’s top commercial broadcaster CTC Media has weathered the recessionary storm and appears in good shape as it sails forward. Net profits last year stood at $100.4 million, five times higher than the $22.5 million earned in 2008. However, revenues were down 20.1% at $506.1 million, hit by the weaker advertising market and the falling […]

  • Seth MacFarlane attends the Fox Networks

    Seth MacFarlane Says He's 'Embarrassed' to Work for Fox

    Russia’s top commercial broadcaster CTC Media has weathered the recessionary storm and appears in good shape as it sails forward. Net profits last year stood at $100.4 million, five times higher than the $22.5 million earned in 2008. However, revenues were down 20.1% at $506.1 million, hit by the weaker advertising market and the falling […]

  • Why "Nathan for You" Deserves Emmy

    Why 'Nathan for You,' the Scamming Show That Defined 2018, Deserves an Emmy (Column)

    Russia’s top commercial broadcaster CTC Media has weathered the recessionary storm and appears in good shape as it sails forward. Net profits last year stood at $100.4 million, five times higher than the $22.5 million earned in 2008. However, revenues were down 20.1% at $506.1 million, hit by the weaker advertising market and the falling […]

  • fox-ads-unbreakables

    Fox's Newest Dramas Will Run During Commercial Breaks (EXCLUSIVE)

    Russia’s top commercial broadcaster CTC Media has weathered the recessionary storm and appears in good shape as it sails forward. Net profits last year stood at $100.4 million, five times higher than the $22.5 million earned in 2008. However, revenues were down 20.1% at $506.1 million, hit by the weaker advertising market and the falling […]

More From Our Brands

Access exclusive content