MOSCOW, Dec. 14, 2012 (GLOBE NEWSWIRE) -- CTC Media, Inc. ("CTC Media" or the "Company") (Nasdaq:CTCM), Russia's leading independent media company, has announced that the CTC and Domashny channels have won a tender to be included in the second digital multiplex. The results of the tender were announced today by the Russian Federal Surveillance Service for Mass Media and Communications. There were a total of ten winners out of the 18 channels taking part in the tender. CTC Media submitted applications for all three of the Company's Russian free-to-air channels.
CTC Media must now make a one-off license fee payment of 36 million rubles per channel and sign a broadcasting contract with Russian Television and Radio Broadcasting Network, the operator of the multiplex, for the entire 10-year period of the digital broadcasting license. The contract must be signed within the next three months.
The CTC Media development strategy covered the eventuality that not all of its channels would be included in the second multiplex. The Company has already developed and approved an alternative transmission plan, which envisages the use of cable and satellite networks, as well as the internet, to provide a substantial level of technical penetration for Peretz.
About CTC Media
CTC Media is a leading independent media company in Russia, with operations throughout Russia and in a number of other CIS markets. It operates three free-to-air television networks in Russia – CTC, Domashny and Peretz – as well as Channel 31 in Kazakhstan and a TV company in Moldova, with a combined potential audience of over 150 million people. The international pay-TV version of the CTC channel is available in North America, Europe, North Africa, the Middle East, Central and South East Asia. CTC Media also has its own TV content production capabilities through its Story First Production subsidiary. The Company's common stock is traded on the NASDAQ Global Select Market under the symbol "CTCM". For more information about CTC Media, please visit www.ctcmedia.ru
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Source:CTC Media, Inc.