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.
The Board includes three representatives of UTV Management, a Russian company that currently holds a 75% ownership interest in CTC Investments, one representative of CTC Media Inc., a Delaware corporation that currently holds a 25% ownership interest in CTC Investments, and a representative of CTC Investments' executive team.
The Board was elected as follows:
· Ivan Tavrin, Chief Executive Officer, PAO Megafon
· Andrey Dimitrov, Chief Executive Officer, UTV Management
· Vladimir Zhelonkin, Chairman of Board of Directors, Kommersant Publishing House
· Yuliana Slashcheva, Chief Executive Officer, CTC Investments
· Jean-Pierre Morel, CEO & CFO, CTC Media, Inc.
The Chairman will be elected at the first Board meeting.
According to the Charter of CTC Investments the newly elected Board will establish the Holding’s development strategy, approve the business plan, the budget and large transactions.
About CTC Investments
CTC Investments (Russia's leading content holding) is managing four television channels in Russia (CTC, Domashny, Peretz and CTC Love) as well as Channel 31 in Kazakhstan. The international version of CTC Channel is available in North America, Europe, Central Asia, Armenia, Georgia, Azerbaijan, the Middle East and Kyrgyzstan. The international version of Peretz is available in Belarus and in Kyrgyzstan as well. CTC Investments also owns several digital entertainment media assets including videomore.ru, domashniy.ru, ctc.ru, chetv.ru and CarambaTV.
About UTV Management and UTH
UTV Management is a subsidiary of UTH Group, one of the fastest growing commercial television broadcasters operating in Russia today. Its main assets are U Channel, Disney Channel, and also a cable channel MUZ-TV. U Channel and Disney Channel broadcast in more than 800 towns and localities in Russia and reach the majority of the measured television audience of the Russian Federation. UTH Russia also owns ClipYou, a new online video service offering licensed music videos. UTH was established following the merger of Media One Holdings Limited’s and Art Finance & Media Limited’s television assets in August 2009.
About CTC Media, Inc.
CTC Media, Inc. is a Delaware corporation. The largest shareholders of CTC Media, Inc. include MTG (38%) and Telcrest (25%). CTC Media, Inc. is traded on NASDAQ under the symbol CTCM. CTC Investments was a fully owned subsidiary of CTC Media, Inc. until December 2015.
For further information, please visit http://www.ctcmedia.ru or contact:
Head of external communication
+7 (495) 785 63 47