CTC Media

CTC Media

CTC Media, Incorporated (spelled “СТС Медиа” - “Es-Te-Es Media” in Russian) is a leading media company in Russia. It owns and operates two national free–to–air TV networks in Russia (“CTC”, “Domashniy” and “Peretz”). It also operates two channels in the CIS - Channel 31 in Kazakhstan and a TV company in Uzbekistan. “CTC Media” also owns two TV content production companies: “Costafilm” and “Soho–Media”.

Combined audience share for the “CTC”, “Domashiny” and “DTV” networks for 2007 – 12.9%

“CTC Media” has three shareholders: “National Media Group” (25,2%), “Itera” (25,2%) and “Modern Times Group AB” (39%). The company became public in 2006 and its common stock is traded on The NASDAQ Global Select Market under the symbol: “CTCM”.

Market capitalization of “CTC Media” is approximately $4.3 billion (as of March 27, 2008).

Financial Highlights for 2007

Consolidated revenue increased 27% to $472 million
OIBDA increased 27% to $220 million
OIBDA margin of 46.7%
Net income increased 28% to $136 million.