Russia’s CTC buys TV channel
Chris Forrester ©RapidTVNews
| 06-10-2008
Russia’s CTC Media holding company (NASDAQ quoted) has bought 51% of Moldovan TV companies Teledixi and Muzic Ramil for US$4.1m.
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In a statement CTC Media said that the company plans to launch
broadcasts of the refreshed TV channel by the end of 2008. The
director-general of CTC Media, Anton Kudryashov, expressed confidence
that the project will be a success in Moldova, which is "a state with
developing economy and a potential for further growth of the TV
advertisement market".
According to the head of the Teledixi company, Dan Lozovan,
"partnership with CTC Media is meant to, first and foremost, meet
expectations of TV viewers in terms of the high quality of the product
in compliance with the Moldovan legislation".
The Teledixi and Muzic Ramil companies came on air in Moldova in 2001.
The companies have their own frequencies in 10 Moldovan towns including
Chisinau. The technical coverage of the channel involves 98% of
Moldova's territory. The TV companies have modern transmission
facilities including broadcasts of a multi-channel satellite station
and they own two TV studios which allows them to provide for up to 10
hours of daily broadcasts of their own programmes.
Earlier this year CTC, which claims it is now Russia’s leading
independent media company, raised $135m in a syndicated loan facility.
© Rapid TV News 2008
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