Natasha Tsukanova


Stockholders back CTC Media sale

CTC Media’s stockholders approved the sale of 75% of the company to Russia’s UTV Management at a special meeting held yesterday. The sale to UTV was approved by people who own 62.7% of CTC’s outstanding shares, while 54.4% approved a merger between CTC Media and a wholly owned subsidiary called CTCM Merger Sub. The sale […]

MTG chiefs quit CTC Media board

Modern Times Group’s CEO Jørgen Madsen Lindemann and CFO Mathias Hermansson have left the board of Russian commercial broadcaster CTC Media. The news comes as MTG mulls its options in Russia ahead of the imposition of new rules drastically restricting the scope of foreign ownership of media assets. Lindemann has additionally resigned as co-chairman of […]