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CTC Media To Acquire DTV Channel in Russia For $400 Million

Files under: Inside View, News
Posted by: Quintura @ 03:03 [27. 02. 08]

According to Vedomosti business daily, Russia’s 4th most watched TV broadcaster CTC Media may acquire DTV, a Russian entertainment TV channel for up to $400 million from Modern Times Group (MTG). The Russian Association of Communication Agencies (AKAR) recently released data that TV advertising market in Russia was some $4.4 billion in 2007, up 31% [...]