Ctc Media Inc (CTCM) 2.05 $CTCM
CTC Media, Inc. Announces Completion of Cash-Out Merger
GlobeNewswire - Fri May 20, 8:29AM CDT
CTC Media, Inc. ("CTC Media" or the "Company"
(NASDAQ:CTCM) today announced the completion of the merger contemplated by the previously announced agreement and plan of merger dated November 16, 2015 (the "Merger Agreement", between the Company and CTCM Merger Sub, Inc., the Company's wholly-owned subsidiary ("Merger Sub". As a result of the merger, the Merger Sub has merged with and into the Company, with the Company surviving.
CTCM: 2.05 (+0.04)
CTC Media, Inc. Receives Nasdaq Delisting Notification
GlobeNewswire - Wed May 18, 1:15PM CDT
CTC Media, Inc. ("CTC Media" or the "Company" (NASDAQ:CTCM) today announced that Nasdaq has determined that the Company's securities will be delisted from The Nasdaq Stock Market. The decision was reached by Nasdaq's staff because, among other reasons, the Company did not hold an annual meeting for fiscal year 2015, as required by Rule 5620(a) of Nasdaq's continued listing requirements (the "Listing Rules", and failed to solicit proxies, as required by Listing Rule 5620(b). The letter states that trading of Company's common stock will be suspended at the opening of business on May 19, 2016, and Nasdaq will file a Form 25-NSE with the Securities and Exchange Commission, which will remove the Company's securities from listing and registration on The Nasdaq Stock Market.
CTCM: 2.05 (+0.04)
CTC Media, Inc. Confirms Final Terms and Closing Date of Cash-Out Merger
GlobeNewswire - Wed May 18, 6:59AM CDT
CTC Media, Inc. ("CTC Media" or the "Company" (NASDAQ:CTCM) today announced that its previously announced cash-out merger transaction is expected to close at 8:30 a.m. EDT on May 20, 2016. As previously disclosed, the consideration in the merger is expected to be $2.0503 per share, and the total amount available for distribution is expected to be approximately $239 million.
CTCM: 2.05 (+0.04)
CTC Media, Inc. Provides Update On Pending Cash-Out Merger
GlobeNewswire - Tue May 10, 4:10PM CDT
CTC Media, Inc. ("CTC Media" or the "Company" (NASDAQ:CTCM) today provided an update regarding the anticipated timing of the closing of its previously announced cash-out merger. As previously announced, the Company expects to receive a further refund from the U.S. Internal Revenue Service, which will form a part of the merger consideration, and intends to close the merger as soon as practicable following receipt of that refund. The Company anticipates that the merger will close before the end of this month.
CTCM: 2.05 (+0.04)
CTC Media Announces Final Terms of Cash-Out Merger
GlobeNewswire - Fri Apr 29, 3:38PM CDT
CTC Media, Inc. ("CTC Media" or the "Company" (NASDAQ:CTCM) today announced that the consideration in its previously announced cash-out merger transaction is expected to be $2.05 per share, which is in the upper half of the range approved by stockholders of $1.77 to $2.19 per share. The total amount available for distribution is expected to be $239 million. The Company anticipates that the merger will close by the middle of May 2016, following the receipt of a pending tax refund from the U.S. Internal Revenue Service.
CTCM: 2.05 (+0.04)
CTC Media Provides Update on Anticipated Timing of Cash-Out Merger
GlobeNewswire - Tue Mar 29, 8:03AM CDT
CTC Media, Inc. ("CTC Media" or the "Company" (NASDAQ:CTCM) today announced that the Office of Foreign Assets Control of the U.S. Treasury Department has issued a license authorizing CTC Media to proceed with the previously announced cash-out merger transaction. The Board of Directors is currently finalizing preparations for the merger, and in particular is awaiting the receipt of a tax refund from the U.S. Internal Revenue Service, which will form part of the consideration to stockholders in such merger. Assuming receipt of this tax refund, the Board currently anticipates that the Company will complete the merger early in the second quarter of 2016. The Company currently has no material operations and the Board is prudently limiting all expenditures with the goal of maximizing the amount of consideration that will be available to stockholders in the merger. As previously announced, the Company continues to anticipate that the per-share consideration in the merger will be at the lower end of the upper half of the range approved by stockholders of $1.77 to $2.19 per share.
CTCM: 2.05 (+0.04)
CTC Media Completes Sale of a 75% Interest in Its Operating Businesses to UTH Russia
GlobeNewswire - Thu Dec 24, 7:05AM CST
CTC Media, Inc. ("CTC Media" or the "Company" (NASDAQ:CTCM) today announced that it has completed the sale of 75% of the outstanding participation interests in its subsidiary CTC Investments LLC ("CTC Investments" to UTV-Management LLC ("UTH", a leading private commercial television broadcaster in Russia. CTC Media had previously announced the entry into a definitive agreement with UTH for the transaction on September 25, 2015. The purchase price is up to approximately $200 million in cash, subject to certain post-closing adjustments. The Company has received $150 540 000 at closing. The final purchase price will reflect the performance of the business through the end of 2015 and specified indemnification obligations, and is expected to be determined by February 1, 2016. The Company's stockholders approved the transaction at a special meeting convened on December 17, 2015.
CTCM: 2.05 (+0.04)
CTC Media Announces Results of Special Meeting of Stockholders
GlobeNewswire - Thu Dec 17, 12:52PM CST
CTC Media, Inc. (NASDAQ:CTCM), Russia's leading independent media company, announced the results of its special meeting of stockholders held today. All proposed resolutions were approved.
CTCM: 2.05 (+0.04)
CTC Media Provides Update on Upcoming Special Meeting of Stockholders
GlobeNewswire - Tue Dec 15, 6:14AM CST
CTC Media, Inc. ("CTC Media" or the "Company" (NASDAQ:CTCM), Russia's leading independent media company, would like to update its stockholders on the upcoming special meeting. The Company understands that the Russian Government Commission responsible for the Control of Foreign Investments in the Russian Federation has approved the proposed sale. CTC Media also confirms that MTG Russia AB, the Company's largest stockholder, has voted by proxy in favor of the all resolutions proposed for consideration at the special meeting. The Company would like to remind stockholders that the upcoming special meeting will be held on Thursday, December 17, 2015 at 4:00 p.m., local time, at the offices of Morgan, Lewis & Bockius UK LLP, Condor House, 5-10 St. Paul's Churchyard, London EC4M 8AL, United Kingdom. At the special meeting, CTC Media is seeking approval of the sale and the subsequent merger detailed in the proxy statement dated November 17, 2015. These transactions are planned in response to the adoption by the Russian government of the Mass Media Law, which will impose new limitations on non-Russian ownership of Russian television broadcasters effective January 1, 2016.
CTCM: 2.05 (+0.04)
CTC Media Reminds Stockholders of Upcoming Special Meeting
GlobeNewswire - Wed Dec 02, 9:10AM CST
CTC Media, Inc. ("CTC Media" or the "Company" (NASDAQ:CTCM), Russia's leading independent media company, would like to remind the Company's stockholders of the upcoming special meeting to be held on Thursday, December 17, 2015 at 4:00 p.m., local time, at the offices of Morgan, Lewis & Bockius UK LLP, Condor House, 5-10 St. Paul's Churchyard, London EC4M 8AL, United Kingdom. At the special meeting, CTCM is seeking approval of the sale and the subsequent merger detailed in the proxy statement dated November 17, 2015. These transactions are planned in response to the adoption by the Russian government of the Mass Media Law, which will impose new limitations on non-Russian ownership of Russian television broadcasters effective January 1, 2016.
CTCM: 2.05 (+0.04)
CTC posts 3Q profit
Automated Insights - Mon Nov 09, 7:29AM CST
MOSCOW (AP) _ CTC Media Inc. (CTCM) on Monday reported third-quarter profit of $44.2 million.
CTCM: 2.05 (+0.04)
CTC Media Announces Financial Results for the Third Quarter and Nine Months Ended September 30, 2015
GlobeNewswire - Mon Nov 09, 7:16AM CST
CTC Media, Inc. ("CTC Media" or the "Company" (NASDAQ:CTCM), Russia's leading independent media company, today announced its unaudited consolidated financial results for the third quarter and nine months ended September 30, 2015.
CTCM: 2.05 (+0.04)
CTC Media Launches Che Channel
GlobeNewswire - Thu Nov 05, 2:02AM CST
CTC Media, Inc. (NASDAQ:CTCM), Russia's leading independent media company, announced the launch of the new Che Channel on November 12, 2015. The new channel will use the frequency band currently used by Peretz.
CTCM: 2.05 (+0.04)
CTC Media Offers Premium Online Access to TV Series
GlobeNewswire - Wed Oct 21, 4:46AM CDT
CTC Media, Inc. (NASDAQ:CTCM), Russia's leading independent media company, and Yandex.Money offer viewers a unique opportunity to watch the hottest TV premieres before they are aired!
CTCM: 2.05 (+0.04)
Market Update on the Consumer Discretionary Sector - GoPro, Five Below, CTC Media, Apollo Education and Forward Industries
PR Newswire - Mon Sep 28, 7:39AM CDT
ACI Association has initiated research coverage on the following equities: GoPro, Inc. (NASDAQ: GPRO), Five Below, Inc. (NASDAQ: FIVE), CTC Media, Inc. (NASDAQ: CTCM), Apollo Education Group, Inc. (NASDAQ: APOL), Forward Industries, Inc. (NASDAQ: FORD). On Friday, September 25, 2015, NASDAQ ended at 4,686.50 down 1.01%, Dow Jones advanced 0.70%, to finish the day at 16,314.67, and the S&P closed at 19,31.34, down 0.05%. Register for your complimentary reports at the links given below.
GPRO: 10.26 (-0.64), CTCM: 2.05 (+0.04), APOL: 9.19 (+0.01), FIVE: 44.70 (-0.44), FORD: 1.32 (+0.02)
MTG's CTC Media to dispose off 75% interest in operating businesses
M2 - Mon Sep 28, 4:43AM CDT
Modern Times Group AB (MTG )(STO:MTGA) announced on Friday that CTC Media Inc (Nasdaq:CTCM), an independent media company in Russia of which MTG owns 37.9%, has entered into a definitive agreement to sell a 75% interest in its operating businesses.
CTCM: 2.05 (+0.04)
CTC Media Enters Into Definitive Agreement to Sell a 75% Interest in Its Operating Businesses to UTH Russia for $200 Million
GlobeNewswire - Fri Sep 25, 1:45AM CDT
CTC Media, Inc. ("CTC Media" or the "Company" (NASDAQ:CTCM), Russia's leading independent media company, today announced that it has entered into a definitive agreement to sell a 75% interest in its operating businesses to UTV-Management LLC, an affiliate of UTH Russia ("UTH", a leading private commercial television broadcaster in Russia, for $200 million in cash, subject to adjustment as described below. The transaction is being undertaken to ensure compliance with the foreign ownership restrictions imposed by Russia's new Mass Media Law, while maximizing the potential return to the Company's stockholders. The Company had previously announced its receipt of a formal, non-binding offer from UTH on July 6, 2015.
CTCM: 2.05 (+0.04)
Hot Stock: CTC Media, Shares Gain 10.8% (CTCM)
Comtex SmarTrend(R) - Tue Sep 15, 11:42AM CDT
CTC Media (NASDAQ:CTCM) is one of today's best performing low-priced stocks, up 10.8% to $1.85 on 1.2x average daily volume. Thus far today, CTC Media has traded 482,000 shares, vs. average volume of 406,000 shares per day. The stock has outperformed the Dow (10.8% to the Dow's 1.1%) and outperformed the S&P 500 (10.8% to the S&P's 0.9%) during today's trading.
CTCM: 2.05 (+0.04)
CTC Media Announces Financial Results for the Second Quarter and Six Months Ended June 30, 2015
GlobeNewswire - Fri Aug 07, 4:00AM CDT
CTC Media, Inc. ("CTC Media" or the "Company" (NASDAQ:CTCM), Russia's leading independent media company, today announced its unaudited consolidated financial results for the second quarter and six months ended June 30, 2015.
CTCM: 2.05 (+0.04)
CTC Media, Inc. Announces Completion of Cash-Out Merger
GlobeNewswire - Fri May 20, 8:29AM CDT
CTC Media, Inc. ("CTC Media" or the "Company"
(NASDAQ:CTCM) today announced the completion of the merger contemplated by the previously announced agreement and plan of merger dated November 16, 2015 (the "Merger Agreement", between the Company and CTCM Merger Sub, Inc., the Company's wholly-owned subsidiary ("Merger Sub". As a result of the merger, the Merger Sub has merged with and into the Company, with the Company surviving. CTCM: 2.05 (+0.04)
CTC Media, Inc. Receives Nasdaq Delisting Notification
GlobeNewswire - Wed May 18, 1:15PM CDT
CTC Media, Inc. ("CTC Media" or the "Company"
(NASDAQ:CTCM) today announced that Nasdaq has determined that the Company's securities will be delisted from The Nasdaq Stock Market. The decision was reached by Nasdaq's staff because, among other reasons, the Company did not hold an annual meeting for fiscal year 2015, as required by Rule 5620(a) of Nasdaq's continued listing requirements (the "Listing Rules", and failed to solicit proxies, as required by Listing Rule 5620(b). The letter states that trading of Company's common stock will be suspended at the opening of business on May 19, 2016, and Nasdaq will file a Form 25-NSE with the Securities and Exchange Commission, which will remove the Company's securities from listing and registration on The Nasdaq Stock Market. CTCM: 2.05 (+0.04)
CTC Media, Inc. Confirms Final Terms and Closing Date of Cash-Out Merger
GlobeNewswire - Wed May 18, 6:59AM CDT
CTC Media, Inc. ("CTC Media" or the "Company"
(NASDAQ:CTCM) today announced that its previously announced cash-out merger transaction is expected to close at 8:30 a.m. EDT on May 20, 2016. As previously disclosed, the consideration in the merger is expected to be $2.0503 per share, and the total amount available for distribution is expected to be approximately $239 million. CTCM: 2.05 (+0.04)
CTC Media, Inc. Provides Update On Pending Cash-Out Merger
GlobeNewswire - Tue May 10, 4:10PM CDT
CTC Media, Inc. ("CTC Media" or the "Company"
(NASDAQ:CTCM) today provided an update regarding the anticipated timing of the closing of its previously announced cash-out merger. As previously announced, the Company expects to receive a further refund from the U.S. Internal Revenue Service, which will form a part of the merger consideration, and intends to close the merger as soon as practicable following receipt of that refund. The Company anticipates that the merger will close before the end of this month. CTCM: 2.05 (+0.04)
CTC Media Announces Final Terms of Cash-Out Merger
GlobeNewswire - Fri Apr 29, 3:38PM CDT
CTC Media, Inc. ("CTC Media" or the "Company"
(NASDAQ:CTCM) today announced that the consideration in its previously announced cash-out merger transaction is expected to be $2.05 per share, which is in the upper half of the range approved by stockholders of $1.77 to $2.19 per share. The total amount available for distribution is expected to be $239 million. The Company anticipates that the merger will close by the middle of May 2016, following the receipt of a pending tax refund from the U.S. Internal Revenue Service. CTCM: 2.05 (+0.04)
CTC Media Provides Update on Anticipated Timing of Cash-Out Merger
GlobeNewswire - Tue Mar 29, 8:03AM CDT
CTC Media, Inc. ("CTC Media" or the "Company"
(NASDAQ:CTCM) today announced that the Office of Foreign Assets Control of the U.S. Treasury Department has issued a license authorizing CTC Media to proceed with the previously announced cash-out merger transaction. The Board of Directors is currently finalizing preparations for the merger, and in particular is awaiting the receipt of a tax refund from the U.S. Internal Revenue Service, which will form part of the consideration to stockholders in such merger. Assuming receipt of this tax refund, the Board currently anticipates that the Company will complete the merger early in the second quarter of 2016. The Company currently has no material operations and the Board is prudently limiting all expenditures with the goal of maximizing the amount of consideration that will be available to stockholders in the merger. As previously announced, the Company continues to anticipate that the per-share consideration in the merger will be at the lower end of the upper half of the range approved by stockholders of $1.77 to $2.19 per share. CTCM: 2.05 (+0.04)
CTC Media Completes Sale of a 75% Interest in Its Operating Businesses to UTH Russia
GlobeNewswire - Thu Dec 24, 7:05AM CST
CTC Media, Inc. ("CTC Media" or the "Company"
(NASDAQ:CTCM) today announced that it has completed the sale of 75% of the outstanding participation interests in its subsidiary CTC Investments LLC ("CTC Investments" to UTV-Management LLC ("UTH", a leading private commercial television broadcaster in Russia. CTC Media had previously announced the entry into a definitive agreement with UTH for the transaction on September 25, 2015. The purchase price is up to approximately $200 million in cash, subject to certain post-closing adjustments. The Company has received $150 540 000 at closing. The final purchase price will reflect the performance of the business through the end of 2015 and specified indemnification obligations, and is expected to be determined by February 1, 2016. The Company's stockholders approved the transaction at a special meeting convened on December 17, 2015. CTCM: 2.05 (+0.04)
CTC Media Announces Results of Special Meeting of Stockholders
GlobeNewswire - Thu Dec 17, 12:52PM CST
CTC Media, Inc. (NASDAQ:CTCM), Russia's leading independent media company, announced the results of its special meeting of stockholders held today. All proposed resolutions were approved.
CTCM: 2.05 (+0.04)
CTC Media Provides Update on Upcoming Special Meeting of Stockholders
GlobeNewswire - Tue Dec 15, 6:14AM CST
CTC Media, Inc. ("CTC Media" or the "Company"
(NASDAQ:CTCM), Russia's leading independent media company, would like to update its stockholders on the upcoming special meeting. The Company understands that the Russian Government Commission responsible for the Control of Foreign Investments in the Russian Federation has approved the proposed sale. CTC Media also confirms that MTG Russia AB, the Company's largest stockholder, has voted by proxy in favor of the all resolutions proposed for consideration at the special meeting. The Company would like to remind stockholders that the upcoming special meeting will be held on Thursday, December 17, 2015 at 4:00 p.m., local time, at the offices of Morgan, Lewis & Bockius UK LLP, Condor House, 5-10 St. Paul's Churchyard, London EC4M 8AL, United Kingdom. At the special meeting, CTC Media is seeking approval of the sale and the subsequent merger detailed in the proxy statement dated November 17, 2015. These transactions are planned in response to the adoption by the Russian government of the Mass Media Law, which will impose new limitations on non-Russian ownership of Russian television broadcasters effective January 1, 2016. CTCM: 2.05 (+0.04)
CTC Media Reminds Stockholders of Upcoming Special Meeting
GlobeNewswire - Wed Dec 02, 9:10AM CST
CTC Media, Inc. ("CTC Media" or the "Company"
(NASDAQ:CTCM), Russia's leading independent media company, would like to remind the Company's stockholders of the upcoming special meeting to be held on Thursday, December 17, 2015 at 4:00 p.m., local time, at the offices of Morgan, Lewis & Bockius UK LLP, Condor House, 5-10 St. Paul's Churchyard, London EC4M 8AL, United Kingdom. At the special meeting, CTCM is seeking approval of the sale and the subsequent merger detailed in the proxy statement dated November 17, 2015. These transactions are planned in response to the adoption by the Russian government of the Mass Media Law, which will impose new limitations on non-Russian ownership of Russian television broadcasters effective January 1, 2016. CTCM: 2.05 (+0.04)
CTC posts 3Q profit
Automated Insights - Mon Nov 09, 7:29AM CST
MOSCOW (AP) _ CTC Media Inc. (CTCM) on Monday reported third-quarter profit of $44.2 million.
CTCM: 2.05 (+0.04)
CTC Media Announces Financial Results for the Third Quarter and Nine Months Ended September 30, 2015
GlobeNewswire - Mon Nov 09, 7:16AM CST
CTC Media, Inc. ("CTC Media" or the "Company"
(NASDAQ:CTCM), Russia's leading independent media company, today announced its unaudited consolidated financial results for the third quarter and nine months ended September 30, 2015. CTCM: 2.05 (+0.04)
CTC Media Launches Che Channel
GlobeNewswire - Thu Nov 05, 2:02AM CST
CTC Media, Inc. (NASDAQ:CTCM), Russia's leading independent media company, announced the launch of the new Che Channel on November 12, 2015. The new channel will use the frequency band currently used by Peretz.
CTCM: 2.05 (+0.04)
CTC Media Offers Premium Online Access to TV Series
GlobeNewswire - Wed Oct 21, 4:46AM CDT
CTC Media, Inc. (NASDAQ:CTCM), Russia's leading independent media company, and Yandex.Money offer viewers a unique opportunity to watch the hottest TV premieres before they are aired!
CTCM: 2.05 (+0.04)
Market Update on the Consumer Discretionary Sector - GoPro, Five Below, CTC Media, Apollo Education and Forward Industries
PR Newswire - Mon Sep 28, 7:39AM CDT
ACI Association has initiated research coverage on the following equities: GoPro, Inc. (NASDAQ: GPRO), Five Below, Inc. (NASDAQ: FIVE), CTC Media, Inc. (NASDAQ: CTCM), Apollo Education Group, Inc. (NASDAQ: APOL), Forward Industries, Inc. (NASDAQ: FORD). On Friday, September 25, 2015, NASDAQ ended at 4,686.50 down 1.01%, Dow Jones advanced 0.70%, to finish the day at 16,314.67, and the S&P closed at 19,31.34, down 0.05%. Register for your complimentary reports at the links given below.
GPRO: 10.26 (-0.64), CTCM: 2.05 (+0.04), APOL: 9.19 (+0.01), FIVE: 44.70 (-0.44), FORD: 1.32 (+0.02)
MTG's CTC Media to dispose off 75% interest in operating businesses
M2 - Mon Sep 28, 4:43AM CDT
Modern Times Group AB (MTG )(STO:MTGA) announced on Friday that CTC Media Inc (Nasdaq:CTCM), an independent media company in Russia of which MTG owns 37.9%, has entered into a definitive agreement to sell a 75% interest in its operating businesses.
CTCM: 2.05 (+0.04)
CTC Media Enters Into Definitive Agreement to Sell a 75% Interest in Its Operating Businesses to UTH Russia for $200 Million
GlobeNewswire - Fri Sep 25, 1:45AM CDT
CTC Media, Inc. ("CTC Media" or the "Company"
(NASDAQ:CTCM), Russia's leading independent media company, today announced that it has entered into a definitive agreement to sell a 75% interest in its operating businesses to UTV-Management LLC, an affiliate of UTH Russia ("UTH", a leading private commercial television broadcaster in Russia, for $200 million in cash, subject to adjustment as described below. The transaction is being undertaken to ensure compliance with the foreign ownership restrictions imposed by Russia's new Mass Media Law, while maximizing the potential return to the Company's stockholders. The Company had previously announced its receipt of a formal, non-binding offer from UTH on July 6, 2015. CTCM: 2.05 (+0.04)
Hot Stock: CTC Media, Shares Gain 10.8% (CTCM)
Comtex SmarTrend(R) - Tue Sep 15, 11:42AM CDT
CTC Media (NASDAQ:CTCM) is one of today's best performing low-priced stocks, up 10.8% to $1.85 on 1.2x average daily volume. Thus far today, CTC Media has traded 482,000 shares, vs. average volume of 406,000 shares per day. The stock has outperformed the Dow (10.8% to the Dow's 1.1%) and outperformed the S&P 500 (10.8% to the S&P's 0.9%) during today's trading.
CTCM: 2.05 (+0.04)
CTC Media Announces Financial Results for the Second Quarter and Six Months Ended June 30, 2015
GlobeNewswire - Fri Aug 07, 4:00AM CDT
CTC Media, Inc. ("CTC Media" or the "Company"
(NASDAQ:CTCM), Russia's leading independent media company, today announced its unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. CTCM: 2.05 (+0.04)
