CTC Media (CTCM) Declares $0.175 Quarterly Dividend; 17% Yield
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CTC Media (CTCM) Reports Q4 EPS of $0.31; Names New Director, co-Chairman
March 5, 2015 6:14 AM ESTCTC Media (NASDAQ: CTCM) reported Q4 EPS of $0.31, versus $0.48 reported last year.
Update on the Mass Media Law
As previously announced, an amendment to the Russian Mass Media Law was adopted in October 2014 that will generally limit the aggregate foreign (non-Russian) beneficial ownership or control, direct or indirect, of Russian mass media, including television broadcasters, to no more than 20%. No amendments to or waivers from the Mass Media Law have been approved to date and, accordingly, all mass media, including CTC Media's Russian broadcasting businesses, will be required to comply with... More
