CTC Media, Inc. ("CTC Media" or the "Company") (Nasdaq:CTCM), Russia's leading independent media company, has entered into a trading plan under Rule 10b5-1 of the U.S. Securities Exchange Act in respect of its previously announced open market stock repurchase program. The Board of Directors of CTC Media approved the repurchase program in March 2013, pursuant to which the Company will repurchase up to 2.5 million shares of Common Stock in the market for use under its 2013 Equity Incentive Plan.
CTC Media operates three Russian television networks: CTC, which provides entertainment programming targeted at six to 54 year-old viewers; Domashny, a network principally targeted at 25 to 59 year-old female viewers; and Peretz, which targets audience at 25 to 59 year-old viewers. Co. also operates Channel 31, a television network in Kazakhstan, and a television channel in Moldova, each providing entertainment programming. In addition, Co. has in-house production operations focused on series, sitcoms and shows. Co. is engaged in the sale of television advertising, as well as the sublicensing of programming rights and licensing of internally-produced programming to third parties. Open the CTCM Page at The Online Investor »
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