Press Releases

21.12.2009
CTC MEDIA SETTLES DISPUTES WITH FORMER CEO
Moscow, Russia – December 21, 2009 – CTC Media, Inc. (“CTC Media” or the “Company”) (NASDAQ: CTCM), Russia’s leading independent media company, today announced that it has entered into a voluntary agreement with its former Chief Executive Officer, President and non-executive Director, Alexander E. Rodnyansky, to settle the lawsuits filed by the Company in November 2009. All disputes between the parties have been resolved by the settlement.
21.12.2009
CTC MEDIA TO LAUNCH INTERNATIONAL BROADCASTING IN NORTH AMERICA
Moscow, Russia – December 21, 2009 – CTC Media, Inc. (“CTC Media” or the “Company”) (NASDAQ: CTCM), Russia’s leading independent media company, today announced the launch of international broadcasting under the CTC brand in North America through the DISH Network Corporation (NASDAQ: DISH), one of the country’s largest pay-TV providers with 13.6 million subscribers.
17.12.2009
CTC MEDIA ANNOUNCES APPOINTMENT OF NEW DIRECTOR
Moscow, Russia – December 17, 2009 – CTC Media, Inc. (NASDAQ: CTCM), Russia’s leading independent media company, today announced that Mathias Hermansson, Chief Financial Officer of Modern Times Group MTG AB (“MTG”), has been appointed to the CTC Media’s Board of Directors. MTG is the parent company of MTG Russia AB, which is CTC Media’s largest shareholder with a 39.4% equity stake. Mr. Hermansson replaces Kaj Gradevik, MTG’s Director of Business Development, as one of MTG Russia AB’s three representatives on the CTC Media’s Board. According to the stockholders’ agreement between the principal stockholders of the Company, three members of CTC Media’s Board of Directors are designated by MTG Russia and three by Alfa CTC Holdings Limited, an affiliate of Alfa Bank.
09.11.2009
CTC MEDIA FILES LAWSUITS AGAINST BOARD MEMBER
Moscow, Russia – November 09, 2009 – CTC Media, Inc. (“CTC Media” or the “Company”) (NASDAQ: CTCM), Russia’s leading independent media company, today announced that it has become aware that its former President and Chief Executive Officer and a current non-executive member of its Board of Directors – Alexander E. Rodnyansky - has been involved in the business of one of the Company’s competitors in Russia and has acted against the best interests of CTC Media. These activities are in breach of Mr. Rodnyansky’s contractual obligations to the Company and his fiduciary duties as a Director of the Company. CTC Media has therefore today filed civil complaints in the Supreme Court of the State of New York for the County of New York and the Delaware Chancery Court against Mr. Rodnyansky, in order to protect the interests of the Company and its stockholders.
05.11.2009
FINANCIAL RESULTS FOR THE THIRD QUARTER & NINE MONTHS ENDED SEPTEMBER 30, 2009
Moscow, Russia – November 05, 2009 – CTC Media, Inc. (“CTC Media” or the “Company”) (NASDAQ: CTCM), Russia’s leading independent media company, today announced its unaudited consolidated financial results for the third quarter and nine months ended September 30, 2009.
21.10.2009
CTC MEDIA SCHEDULES THIRD QUARTER 2009 EARNINGS RELEASE AND CONFERENCE CALL
Moscow, Russia — October 21, 2009 – CTC Media, Inc. (NASDAQ: CTCM), Russia’s leading independent media company, will announce its financial results for the third quarter ended September 30, on Thursday, November 5, 2009 before U.S. market hours.
06.08.2009
FINANCIAL RESULTS FOR THE SECOND QUARTER AND SIX MONTHS ENDED JUNE 30, 2009
Moscow, Russia – August 06, 2009 – CTC Media, Inc. (“CTC Media” or “the Company”) (NASDAQ: CTCM), Russia’s leading independent media company, today announced its unaudited consolidated financial results for the second quarter and six months ended June 30, 2009.
22.07.2009
CTC MEDIA SCHEDULES SECOND QUARTER 2009 EARNINGS RELEASE AND CONFERENCE CALL
Moscow, Russia— July 22, 2009 – CTC Media, Inc. (NASDAQ: CTCM), Russia’s leading independent media company, will announce its financial results for the second quarter ended June 30, 2009 on Thursday, August 6, 2009 before U.S. market hours.
20.07.2009
CTC MEDIA APPOINTS ALEKSEY ZYUNKIN AS GENERAL DIRECTOR OF DTV GROUP
Moscow, Russia – July 20, 2009 – CTC Media, Inc. (NASDAQ: CTCM), Russia’s leading independent media company, today announced the appointment of Aleksey Zyunkin as General Director of DTV Group, which is wholly owned by CTC Media, with effect from September 1, 2009. Vyacheslav Murugov, who has been serving as General Director of DTV Group since February 2009, will step down from this position. Mr. Murugov will continue to serve as Chief Content Officer of CTC Media and General Director of the CTC channel and will focus on the Group’s strategic objectives.
24.06.2009
ALEXANDER RODNYANSKY STEPS DOWN AS CTC MEDIA'S PRESIDENT
Moscow, Russia – June 24, 2009 – CTC Media, Inc. (NASDAQ: CTCM), Russia’s leading independent media company, announces that Alexander Rodnyansky is stepping down as President of CTC Media effective August 1, 2009. Mr. Rodnyansky’s decision was approved by the Board of Directors and he will continue to serve as a Board member.
07.05.2009
FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2009
Moscow, Russia – May 07, 2009 – CTC Media, Inc. (“CTC Media” or “the Company”) (NASDAQ: CTCM), the leading independent media company in Russia, today announced its unaudited consolidated financial results for the first quarter ended March 31, 2009.
27.04.2009
CTC MEDIA SCHEDULES FIRST QUARTER 2009 EARNINGS RELEASE AND CONFERENCE CALL
Moscow, Russia— April 27, 2009 – CTC Media, Inc. (NASDAQ: CTCM), Russia’s leading independent media company, will announce its financial results for the first quarter ended March 31, 2009 on Thursday, May 7, 2009 before U.S. market hours.
21.04.2009
2009 ANNUAL GENERAL MEETING OF STOCKHOLDERS AND APPOINTMENT OF NEW DIRECTOR
London— April 21, 2009 – CTC Media, Inc. (NASDAQ: CTCM), Russia’s leading independent media company, announces that all resolutions proposed at CTC Media’s 2009 Annual General Meeting, held yesterday, have been passed.
26.02.2009
FINANCIAL RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2008
Moscow, Russia – February 26, 2009 – CTC Media, Inc. (“CTC Media” or “the Company”) (NASDAQ: CTCM), the leading independent media company in Russia, today announced its unaudited consolidated financial results for the fourth quarter and year ended December 31, 2008.
12.02.2009
CTC MEDIA SCHEDULES FOURTH QUARTER AND FULL YEAR 2008 EARNINGS RELEASE AND CONFERENCE CALL
Moscow, Russia— February 12, 2009 – CTC Media, Inc. (NASDAQ: CTCM), Russia’s leading independent media company, will announce its financial results for the fourth quarter and twelve months ended December 31, 2008 on Thursday, February 26, 2009 before U.S. market hours.
02.02.2009
CTC MEDIA APPOINTS VYACHESLAV MURUGOV AS ACTING GENERAL DIRECTOR OF DTV GROUP
Moscow, Russia – February 02, 2009 – CTC Media, Inc. (NASDAQ: CTCM), Russia’s leading independent media company, today announced the appointment of Vyacheslav Murugov as Acting General Director of DTV Group, which is wholly owned by CTC Media. Mr. Murugov will continue as General Director of the CTC channel and as CTC Media’s Chief Content Officer. Vladimir Kartashkov, who has served as General Director of DTV Group since May 2008, is leaving the company.