CTC Media (CTCM) Reports Q2 EPS of $0.17

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CTC Media Announces Financial Results for the Second Quarter and Six Months Ended June 30, 2015

August 7, 2015 5:00 AM EDT

MOSCOW, Aug. 07, 2015 (GLOBE NEWSWIRE) -- CTC Media, Inc. (CTC Media or the Company) (NASDAQ: CTCM), Russias leading independent media company, today announced its unaudited consolidated financial results for the second quarter and six months ended June 30, 2015.

H1 2015 FINANCIAL HIGHLIGHTS

Third-party reports have estimated that the total Russian TV advertising market was down by 21%  in ruble terms in the first half of 2015Total CTC Media revenues of  $171.4 million (RUR 9.8 billion), down year-on-year by 54% in USD terms... More