Advanced Television

MTG sells DTV to CTC

March 12, 2008

Modern Times Group (MTG), the international entertainment broadcasting group is selling national Russian free-to-air television network 'DTV Group' to CTC Media for approximately $395 million on cash. MTG owns 39.5 per cent of CTC Media, which is Russia's largest independent television broadcaster. The transaction is subject to approval by the relevant regulatory authorities.

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