TVEUROPE
UTH Russia Bids for 75 Percent Interest in CTC Media
MOSCOW: Modern Times Group (MTG) has received an offer from UTH Russia for the purchase of a 75 percent stake in CTC Media. The acquisition bid comes in response to the amendment to the Russian law “On Mass Media,” which will impose further restrictions on non-Russian ownership of Russian TV companies starting January 1, 2016. …
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