Press Releases

20.05.2016 17:00:00
CTC MEDIA, INC. ANNOUNCES COMPLETION OF CASH-OUT MERGER
Moscow, Russia May 20, 2016 — CTC Media, Inc. (“CTC Media” or the “Company”) (NASDAQ: CTCM) today announced the completion of the merger contemplated by the previously announced agreement and plan of merger dated November 16, 2015 (the “Merger Agreement”), between the Company and CTCM Merger Sub, Inc., the Company’s wholly-owned subsidiary (“Merger Sub”). As a result of the merger, the Merger Sub has merged with and into the Company, with the Company surviving.
18.05.2016 21:20:00
CTC MEDIA, INC. RECEIVES NASDAQ DELISTING NOTIFICATION
Moscow, Russia May 18, 2016 — CTC Media, Inc. (“CTC Media” or the “Company”) (NASDAQ: CTCM) today announced that Nasdaq has determined that the Company’s securities will be delisted from The Nasdaq Stock Market. The decision was reached by Nasdaq’s staff because, among other reasons, the Company did not hold an annual meeting for fiscal year 2015, as required by Rule 5620(a) of Nasdaq’s continued listing requirements (the “Listing Rules”), and failed to solicit proxies, as required by Listing Rule 5620(b). The letter states that trading of Company’s common stock will be suspended at the opening of business on May 19, 2016, and Nasdaq will file a Form 25-NSE with the Securities and Exchange Commission, which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market.
18.05.2016 15:45:00
CTC MEDIA, INC. CONFIRMS FINAL TERMS AND CLOSING DATE OF CASH-OUT MERGER

Moscow, Russia May 18, 2016 — CTC Media, Inc. (“CTC Media” or the “Company”) (NASDAQ: CTCM) today announced that its previously announced cash-out merger transaction is expected to close at 8:30 a.m. EDT on May 20, 2016. As previously disclosed, the consideration in the merger is expected to be $2.0503 per share, and the total amount available for distribution is expected to be approximately $239 million.  

10.05.2016 23:55:00
CTC MEDIA, INC. PROVIDES UPDATE ON PENDING CASH-OUT MERGER
Moscow, Russia May 10, 2016 — CTC Media, Inc. (“CTC Media” or the “Company”) (NASDAQ: CTCM) today provided an update regarding the anticipated timing of the closing of its previously announced cash-out merger. As previously announced, the Company expects to receive a further refund from the U.S. Internal Revenue Service, which will form a part of the merger consideration, and intends to close the merger as soon as practicable following receipt of that refund. The Company anticipates that the merger will close before the end of this month.
29.04.2016 23:40:00
CTC MEDIA, INC. ANNOUNCES FINAL TERMS OF CASH-OUT MERGER
Moscow, Russia April 29, 2016 — CTC Media, Inc. (“CTC Media” or the “Company”) (NASDAQ: CTCM) today announced that the consideration in its previously announced cash-out merger transaction is expected to be $2.05 per share, which is in the upper half of the range approved by stockholders of $1.77 to $2.19 per share. The total amount available for distribution is expected to be $239 million. The Company anticipates that the merger will close by the middle of May 2016, following the receipt of a pending tax refund from the U.S. Internal Revenue Service.
29.03.2016 17:00:00
CTC MEDIA PROVIDES UPDATE ON ANTICIPATED TIMING OF CASH-OUT MERGER
Moscow, Russia March 29, 2016 — CTC Media, Inc. (“CTC Media” or the “Company”) (NASDAQ: CTCM) today announced that the Office of Foreign Assets Control of the U.S. Treasury Department has issued a license authorizing CTC Media to proceed with the previously announced cash-out merger transaction. The Board of Directors is currently finalizing preparations for the merger, and in particular is awaiting the receipt of a tax refund from the U.S. Internal Revenue Service, which will form part of the consideration to stockholders in such merger. Assuming receipt of this tax refund, the Board currently anticipates that the Company will complete the merger early in the second quarter of 2016. The Company currently has no material operations and the Board is prudently limiting all expenditures with the goal of maximizing the amount of consideration that will be available to stockholders in the merger. As previously announced, the Company continues to anticipate that the per-share consideration in the merger will be at the lower end of the upper half of the range approved by stockholders of $1.77 to $2.19 per share.
17.03.2016 12:50:00
CTC Media Wins Gold and Silver PromaxBDA Europe Awards 2016
Moscow, Russia — March 16, 2016 — CTC channel team won Gold and Silver PromaxBDA Promotion, Marketing and Design Awards 2016.
15.03.2016 11:45:00
BIG TV Rating to Measure TV Audiences across All Planes
Moscow, Russia — March 15, 2016 — CTC Media, TNS Russia and Vi announced a pilot project to measure the audiences of TV content and in-program advertising across both traditional and digital planes.
01.03.2016 15:00:00
CTC Media Launches International Version of Domasnhy TV Channel
Moscow, Russia March 1, 2016 —CTC Media, Russia's leading content holding, announces the launch of international version of Domasnhy TV channel, Domashny International. 
29.02.2016 15:55:00
CTC Media, CTB Film Company and Melnitsa Animation Partner on Children's Animation

Moscow, Russia – February 29, 2015 — CTC Media, Russia's leading content holding, CTB Film Company and Melnitsa Animation announced a strategic partnership to produce children's animation. 

12.02.2016 17:10:00
CTC MEDIA, INC. ANNOUNCES RECEIPT OF FINAL TRANCHE OF PURCHASE PRICE FOR BUSINESS SALE

Moscow, Russia February 12, 2016 — CTC Media, Inc. (the “Company”) (NASDAQ: CTCM) today announced that it has received the final tranche of the purchase price for its sale of 75% of the outstanding participation interests in its subsidiary CTC Investments LLC to UTV-Management LLC. The sale closed on December 23, 2015, and was intended to bring the operating business into compliance with the foreign ownership restrictions of the Russian Mass Media Law, which became effective on January 1, 2016.  CTC Media, Inc. received $150.5 million in cash at closing. An additional $50 million was held back and was subject to adjustment based on the performance of the business during the second half of 2015 and agreed indemnity obligations. The Company has received $42.5 million of this additional consideration in cash. The $7.5 million reduction in the total purchase price reflects adjustments for several factors, including identified underinvestment and deferred payments by the group in the second half of 2015 compared with the agreed target budget; a reduction in working capital compared with the agreed target, reflecting the impairment of certain older programming content; and indemnification in connection with the settlement of a commercial litigation matter. The total consideration received in connection with the sale was $193.1 million.

01.02.2016 14:00:00
CTC Media and Magnit Retail Chain Announce the Launch of a New Loyalty Program
Moscow, Russia — February 1, 2016 — CTC Media, Russia's leading content holding, and Magnit, the leading retail chain in Russia, announce the start of another loyalty program, now branded after the popular TV series “Voroniny”.
19.01.2016 15:20:00
CTC Investments Announces Election of Board of Directors
Moscow, Russia January 19, 2016 — CTC Investments, a leading Russian content holding (CTC Investments or the “Holding”), has announced the election of members of its Board of Directors.