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Latest Satellite News Discussion, CTC outperforms Russian ad market at General Satellite News forum; CTC outperforms Russian ad market By Chris Dziadul November 5, 2009 11.45 UK MTG-backed CTC Media continues to outperform the ...

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CTC outperforms Russian ad market - 05-November-2009, 15:10

CTC outperforms Russian ad market

By Chris Dziadul
November 5, 2009 11.45 UK

MTG-backed CTC Media continues to outperform the Russian TV ad market despite seeing its ad sales slump by 4% in rouble terms in the third quarter.

However, in dollar terms its total operating revenues in Q3 amounted to $106,935,000 (72,409,450), a 25.4% reduction on the Q3 2008 total, while OIBDA fell by 30.6% to $38,201,000 over the same period.

Net income nevertheless rose by 23.3% to $25,855,000. CTC Media operates CTC, Domashny and DTV networks, along with Channel 31 in Kazakhstan.



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