National Media Group

Sony agrees Russian joint venture with National Media Group

Russian media holding company National Media Group (NMG) has set up a joint venture with Sony Pictures Television (SPT) to operate the latter’s pay TV channels in Russia. According to a statement published by NMG, it has acquired an 80% stake of a company-operator that broadcasts Sony’s package of three pay channels in Russia. The […]

Russian nets form pact for Hollywood deals

A trio of Russian broadcasters have allied to group-buy content from the Hollywood studios, according to a local report. Kommersant claims CTC Media, National Media Group and YUTV will team up to drive down costs of buying American programming for their channels. The reports adds the trio will also combine online advertising and TV channel […]

RTL confirms Russian sale

RTL Group has confirmed it has exercised a put option to sell its 7.5% stake in Russia’s National Media Group. RTL revealed its decision to sell at the time of its half-year financial report for 2013, published at the end of August. The Group has now received a payment of €81 million (US$109.5) in the […]

RTL plans Russia exit

European broadcast giant RTL Group is planning to exit the Russian market after reportedly failing to gain control of leading channel operator National Media Group. Last week, RTL revealed it was exercising a put option to sell the 7.5% stake it owns in NMG. The value of the stake was €81 milion (US$108 million), RTL […]