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CTC Media enters into agreement to sell 75% interest in operating businees

25/09/2015

CTC Media enters into agreement to sell 75% interest in operating businesses September 25 2015

MTG notes the announcement today by CTC Media, Inc., Russia's leading independent media company of which MTG owns 37.9%, that it has entered into a definitive agreement to sell a 75% interest in its operating businesses. CTC Media's full announcement can be found at http://www.ctcmedia.ru/press-center/releases. CTC Media's common stock is traded on the NASDAQ Global Select Market under the symbol CTCM .

MTG accounts for its interest in CTC Media as a discontinued operation' and discloses this as a separate line item in its accounts.

PDF version - CTC Media enters into agreement to sell 75% interest in operating businesses
LINK: http://www.mtg.com/press-releases/ctc-media-enters-into-agreement-to-s...
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