Last $4.21 USD
Change Today -0.39 / -8.48%
Volume 1.6M
CTCM On Other Exchanges
As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

ctc media inc (CTCM) Key Developments

CTC Media Closes Moldova Subsidiary, I.M. TELEDIXI S.R.L

CTC Media has announced what it describes as a change to its distribution model in Moldova. Taking into account the current market situation in the country, the company has decided to close its subsidiary, I.M. TELEDIXI S.R.L., which was broadcasting in Moldova as CTC MEGA, to focus on the cable and satellite distribution of CTC Media channels in Moldova. Additionally, given its popularity in Moldova, the company is evaluating the possibility of selling CTC Media content to other TV channels in the country.

CTC Media Inc. Announces Executive Changes

CTC Media Inc. announced the appointment of Stanislav Ploschenko as the company's new Chief Financial Officer, effective January 24, 2015. Mr. Ploschenko will also serve as an advisor to the company's CEO on financial matters until he takes office as CFO. As Chief Financial Officer, Mr. Ploschenko will be responsible for planning and overseeing the company's financial strategy and accounting as well as managing its relationships with banking and other financial services partners. Nikolay Surikov, who is currently Chief Financial Officer of CTC Media, will be in office through January 23, 2015. Mr. Surikov is resigning to pursue another opportunity to be announced in the near future.

CTC Media, Inc. Appoints Maxim Bobin as Chief Legal Officer

CTC Media Inc. has announced the appointment of Maxim Bobin as a Chief Legal Officer. Mr. Bobin will be responsible for the company's legal affairs and for the coordination of the Company's potential responses to the recent amendments to the Russian law "On Mass Media," which will impose further restrictions on foreign ownership of media businesses in Russia, as well as for the company's restructuring activities. Mr. Bobin will report directly to CTC Media CEO Yuliana Slashcheva.

CTC Media, Inc Appoints Ruben Oganesyan as Deputy CEO for Strategic Marketing Starting January 1, 2015

CTC Media Inc. announced that starting January 1, 2015, Ruben Oganesyan will assume the role of Deputy CEO for Strategic Marketing of CTC Media. Ruben will be in charge of broadcast and promotional marketing, as well as advertising campaigns for all CTC Media's channels and their projects.

CTC Media, Inc. Announces Management Changes

CTC Media Inc. appointed Elmira Makhmutova to serve as Head of the CTC Channel, effective January 1, 2015. Ms. Makhmutova will replace Viacheslav Murugov, who will continue to serve an advisor to the Chief Executive Officer of CTC Media. Mr. Murugov, who is currently Chief Content Officer of CTC Media and Head of the CTC Channel, will become the head of a new production company specializing in multiformat content and the most popular types of entertaining TV programs on January 1, 2015. Mr. Murugov will combine his new strategically important position with work for CTC Media as an Adviser to the CEO of CTC Media, which will both help to ensure a smooth transition and enable CTC Media to continue to benefit from Mr. Murugov's production expertise. Before the changes come into effect, Viacheslav Murugov will remain Chief Content Officer of CTC Media and Head of CTC Channel, while Elmira Makhmutova will continue to be Deputy CEO for Strategic Marketing of CTC Media.


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