History
For the history of this channel before 1991, see Television in the Soviet UnionWhen the Soviet Union was abolished, the Russian Federation took over most of its structures and institutions. One of the first acts of Boris Yeltsin’s new government was his signing of a presidential decree on 27 December 1991, providing for Russian jurisdiction over the central television system. The ‘All-Union State TV and Radio Company’ (Gosteleradio) was transformed into the 'Russian State TV and Radio Company Ostankino'.
A presidential decree of 30 November 1994 transformed Ostankino into a closed joint-stock company, Russian Public TV (Obshchestvennoe Rossiyskoye Televidenie or ORT). The shares were distributed between state agencies (51%) and private shareholders, including numerous banks (49%). The partial privatization was inspired by the intolerable financial situation of Ostankino, owing to huge transmission costs and a bloated payroll (total staff of about 10,000 in early 1995).
Following the 1998 financial collapse, the channel obtained a government loan of $100 million from state-controlled bank Vneshekonombank.
From 1 April 1995 until late 2002, the channel was called ORT (ОРТ—Общественное Российское Телевидение, Public Russian Television). It maintained the traditional programs and shows of the First Channel of the Soviet Television (RTO), such as Vremya, KVN, Chto? Gde? Kogda?, V mire zhivotnykh and Klub puteshestvennikov; the last two are no longer on the air of this channel.
Read more about this topic: Channel One (Russian TV Channel)
Famous quotes containing the word history:
“The visual is sorely undervalued in modern scholarship. Art history has attained only a fraction of the conceptual sophistication of literary criticism.... Drunk with self-love, criticism has hugely overestimated the centrality of language to western culture. It has failed to see the electrifying sign language of images.”
—Camille Paglia (b. 1947)
“Philosophy of science without history of science is empty; history of science without philosophy of science is blind.”
—Imre Lakatos (1922–1974)
“I am ashamed to see what a shallow village tale our so-called History is. How many times must we say Rome, and Paris, and Constantinople! What does Rome know of rat and lizard? What are Olympiads and Consulates to these neighboring systems of being? Nay, what food or experience or succor have they for the Esquimaux seal-hunter, or the Kanaka in his canoe, for the fisherman, the stevedore, the porter?”
—Ralph Waldo Emerson (1803–1882)