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CTC Media, Inc. (CTCM)

  • Thu, Apr. 30, 1:19 PM
    • Russian TV company CTC Media (NASDAQ:CTCM) has crumbled, down 15.7%, after a Q1 miss where revenues took a pounding (-57.5%) as the Russian TV ad market contracted some 21%.
    • CEO Yuliana Slashcheva cited "headwinds from a dramatically worsening macroeconomic environment, the sharp decline of the Russian advertising market and the loss of Ukrainian sublicensing revenues" as issues for the company.
    • The board refrained from declaring a dividend for Q2. The company says there's limited visibility into its 2015, as third-party estimates still have Russian TV ad revenues dropping 22% in Q2 and 20%-25% for the full year.
    • It's also deferred most high-quality premieres to the second half in order to reduce expenses.
    • Net cash flow from operations was -$3.3M, vs. the prior year's $32.4M.
    • Press release
  • Thu, Apr. 30, 12:45 PM
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  • 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.
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  • 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
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  • Oct. 3, 2014, 12:45 PM
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  • Sep. 29, 2014, 12:49 PM
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  • Jun. 13, 2013, 10:54 AM
    TV broadcasting stocks soar off of M&A activity in the sector. Advancers: Gray Television (GTN) +10.3%, Lin TV (TVL) +10.1%, Sinclair Broadcasting (SBGI) +7.5%, Nexstar (NXST) +6.1%, CTC Media (CTCM) +2.3%.
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  • Apr. 18, 2012, 12:05 PM
    Russian broadcaster CTC Media (CTCM -1.4%) slips after JP Morgan cuts its rating on the shares to Underweight, citing increased competition and a declining audience share count at its flagship channel.
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  • Mar. 16, 2012, 11:04 AM
    CTC Media (CTCM -1.4%) slides after Deutsche cut the shares to Hold on valuation, citing limited upside potential in light of recent gains since January.
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  • Oct. 10, 2011, 9:53 AM
    Shares of CTC Media (CTCM) gain 12.4% after landing a Buy rating from Deutsche Bank. It's welcome relief for investors of the Russian media concern after the company revised its FY11 revenue forecast less than a month ago, sending shares on a tailspin.
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Company Description
CTC Media Inc is a media company, which operates three Russian television networks and one Kazakh channel. Its channels includes CTC (a flagship channel), Domashny, Peretz and channel 31 (a Kazakh channel).
Sector: Services
Country: Russia