Shares of Russian media company CTC Media (CTCM -15%) plummet after revising its FY2011 Y/Y...

|About: CTC Media, Inc. (CTCM)|By:, SA News Editor

Shares of Russian media company CTC Media (CTCM -15%) plummet after revising its FY2011 Y/Y revenue growth forecast from ~20% to ~15%, reflecting lower-than-expected audience share performance of its CTC channel and resulting lower advertising inventory levels anticipated for the full year. (PR)