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Last $1.86 USD
Change Today 0.00 / 0.00%
Volume 580.6K
CTCM On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

ctc media inc (CTCM) Snapshot

Open
$1.85
Previous Close
$1.86
Day High
$1.93
Day Low
$1.85
52 Week High
08/4/14 - $10.29
52 Week Low
07/7/15 - $1.80
Market Cap
290.4M
Average Volume 10 Days
417.5K
EPS TTM
$0.92
Shares Outstanding
156.1M
EX-Date
06/12/15
P/E TM
2.0x
Dividend
--
Dividend Yield
28.07%
Current Stock Chart for CTC MEDIA INC (CTCM)

ctc media inc (CTCM) Related Businessweek News

No Related Businessweek News Found

ctc media inc (CTCM) Details

CTC Media, Inc., together with its subsidiaries, operates as an independent media company in the Russian Federation and internationally. The company operates three free-to-air television (TV) networks in Russia comprising CTC, which offers entertainment programming for the family; Domashny that focuses its programming on the women's lifestyle; and Peretz, which focuses primarily on edgy, thrilling, and action content. It also operates Channel 31, a television network in Kazakhstan; CTC Love, a Russian television channel; and Videomore, a social TV network and interactive internet video platform that provides free access to licensed video content from company’s Russian channels. In addition, the company engages in the sale of programming and sublicensing of programming content; and operation of domashniy.ru, an online resource portal that gives access to video content and Domashny's extensive program library, as well as articles and advices. Further, it offers a mobile game based on its Molodezhka TV series. Additionally, the company operates Sweet me, an online shop; international versions of the CTC-International and Peretz channels; and Carambatv.ru, 100500.tv, and portal ctc.ru Web portals, which provide digital and transmedia content. CTC Media, Inc. was founded in 1989 and is based in Moscow, the Russian Federation.

1,133 Employees
Last Reported Date: 03/5/15
Founded in 1989

ctc media inc (CTCM) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: $1.4M
Chief Broadcasting officer
Total Annual Compensation: $361.5K
Chief Commercial Officer
Total Annual Compensation: $307.1K
Chief of Operational Efficiency and Organizat...
Total Annual Compensation: $381.4K
Compensation as of Fiscal Year 2014.

ctc media inc (CTCM) Key Developments

UTH Enters Into Exclusivity Period For Acquisition Of 75% Stake In CTC Investments

CTC Media, Inc (NasdaqGS:CTCM) and UTH Russia entered into a letter agreement on July 17, 2015 and countersigned by UTH on July 23, 2015, granting UTH a period of exclusivity during which UTH will have the exclusive right to negotiate with CTC Media regarding a proposed acquisition by UTH of 75% of the outstanding participation interests in CTC Investments, LLC. The exclusivity period under the letter agreement will terminate on September 30, 2015. The exclusivity period will terminate earlier in the event that UTH ceases to purse the transaction or CTCM receives an unsolicited superior proposal in respect of a competing transaction. In the event CTCM receives such a superior proposal, UTH would have a right to match the material terms of such proposal; in addition, CTCM would have an obligation to reimburse UTH for its transaction-related expenses to date. CTC and UTH also agree that any binding agreement in respect of the Possible Transaction will provide that, in the event that CTCM terminates such binding agreement in order to pursue a superior proposal prior to the date on which CTCM’s stockholders approve such transaction, CTCM will pay to UTH $5 million and cash in an amount equal to all of the third-party fees and expenses actually incurred to the date of termination by or on behalf of UTH in connection with the transaction.

UTH Russia Made An Offer To Acquire CTC Media's Russian (and Kazakhstan) Business Operations

CTC Media, Inc (NasdaqGS:CTCM) announced that it has received a formal, non-binding offer from UTH Russia, a privately held Russian commercial television broadcasting group, for the purchase of a 75% interest in the CTC Media's Russian (and Kazakhstan) business operations. The CTC Media Board of Directors has appointed a Special Committee composed of independent directors to review and evaluate this offer, consisting of Werner Klatten (Chairman), Tamjid Basunia and Jean-Pierre Morel. The Board of Directors and the Special Committee have each reviewed the offer and believe that it is appropriate to seek to negotiate the final terms and definitive documentation in respect of the proposed transaction. The Special Committee has agreed to grant a period of exclusivity to UTH, during which the parties will seek to agree the definitive terms of the transaction. If ultimately recommended by the Special Committee and approved by the Board of Directors, the transaction would be submitted to CTC Media's stockholders for approval. Pursuant to the non-binding offer, UTH would acquire a 75% interest in the Company’s operating businesses, on a cash- and debt-free basis, for $200 million in cash. Following this transaction, the direct and indirect ownership of the group’s operating businesses in Russia would comply with the Russian law requirement that at least 80% of the ultimate beneficial ownership and control of the businesses is held by Russians by the stated deadline of January 1, 2016.

Rostelecom Not In Talks To Purchase CTC Media

Open Joint Stock Company Long-Distance and International Telecommunications Rostelecom (MICEX:RTKM) is not negotiating to buy CTC Media, Inc (NasdaqGS:CTCM), Sergei Kalugin, Rostelecom President, said. "We are not conducting talks," Kalugin said.

 

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Industry Analysis

CTCM

Industry Average

Valuation CTCM Industry Range
Price/Earnings 3.4x
Price/Sales 0.5x
Price/Book 0.8x
Price/Cash Flow 2.7x
TEV/Sales 0.3x
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