Mon, Apr. 13, 5:41 PM
- Russia's CTC Media (NASDAQ:CTCM) rose 4.8% in U.S. trading today after launching free movie streaming services on its sites, including Transformers, the Mission: Impossible films and other Western hits
- The news means the firm is offering its viewers access to nearly 50 movies, with 40 more to come by year's end. CTC is pursuing access to 120 Paramount pictures by the end of 2016.
- The company's various channel sites will have different offerings based on each channel's themes.
Fri, Apr. 10, 9:19 AM
- Russia's CTC Media (NASDAQ:CTCM) has begun a branding cooperation project with Magnit, the country's leading food retailer, using its Kukhnya (Kitchen) series.
- The effort will see "Kukhnya Recommends" used in thousands of Magnit stores, and in a loyalty program, customers will receive stickers they can exchange for branded frying pans.
- CTC's licensing director notes it's the first Russian media holding company entering licensing business, and "In the more advanced West European and North American media markets, licensing brings the world's biggest TV companies up to 3-5% of their revenues."
- CTC Media is expected to report earnings April 29.
Thu, Mar. 5, 12:37 PM
- Russian firm CTC Media (NASDAQ:CTCM) is up 7.3% today in the wake of Q4 earnings that beat on a non-GAAP basis and revenues that exceeded expectations despite slipping nearly 30% in dollar terms (flat in ruble terms).
- Adjusted OIBDA of $54.46M beat an expected $52.7M, but at 2.3B rubles was down 34% in ruble terms. For the year, adjusted OIBDA margin was around 30%. Advertising revenues were $176M.
- Target audience share slipped across nearly all channels as smaller niche channels increased competition industrywide. Target audience share for the full year was down to 11.3% from 10.2%.
- Cash and equivalents were $139.4M at year's end compared with $207.5M the prior year.
- CTCM declined to provide outlook due to "very limited visibility into the TV advertising market outlook for 2015" and the challenge of dollar-reported results considering the ruble's precipitous decline..
- Press release
Thu, Mar. 5, 6:32 AM
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Nov. 8, 2013, 1:43 PM
- CTC Media (CTCM -0.3%) catches a downgrade from Deutsche Bank to Hold from Buy (PT to $12.90 from $13.20) following the company's Q3 report.
- Analyst Igor Semenov cited the stock's 18% run from the start of Q4, the "insufficient upside to our target price, as well as risks of revenue growth slowdown for the near term."
- Semenov continued, "the near-term outlook is getting more cloudy ... [W]e expect the TV ad market growth to moderate to mid-single digits in 4Q13."
- Analysts are largely on the fence when it comes to the company, with 1 Buy, 5 Holds, and 2 Sells.
Aug. 6, 2013, 6:57 AM
Jul. 2, 2013, 7:59 AMThe deal by Tribune Company (TRBMF.PK) to buy 19 local TV station sets the stage for a major battle over re-transmission fees in the industry. During a conference call yesterday, Tribune CFO Chandler Bigelow forecast the company would earn 10% to 20% more from retransmission fees in the near future in a development that could also be positive for Meredith (MDP), Sinclair Broadcast Group (SBGI), Media General (MEG), Nexstar Broadcasting Group (NXST), Gray Television (GTN), Lin TV (TVL), and CTC Media (CTCM) - although it's unlikely cable/satellite operators (TWC, CVC, CMCSA, CHTR, DTV, DISH) will buck up without a fight. | Comment!
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