Gazprom-Media Holding Boosts 2012 Revenue 11% to $1.7 Billion

Gazprom-Media Holding, Russia’s largest media company, increased revenue 11 percent last year to 52.3 billion rubles ($1.7 billion), according to a statement on its website.

Net income rose 36 percent to 7.7 billion rubles, Gazprom- Media said. The company runs the NTV and TNT television channels, pay-TV operator NTV Plus, radio stations including Echo of Moscow and magazines including 7Days.

Gazprom-Media is controlled by Gazprombank, which is part- owned by Russia’s largest natural gas producer.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net

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