StoryFirst Communications (later renamed "CTC Media") was founded by an American entrepreneur (Peter Gerwe) in 1989. From 1991 to 1997, the company attracted significant funding from global individual and institutional investors. In 1996, CTC Media launched the first Russian national television network, CTC, based on the American model. The company acquired and founded many regional television channels so as to cover the whole Russian landmass.
The value of the advertising market in Russia declined sharply after the 1998 crisis and caused a dramatic drop in revenue, which led several institutional investors to sell their shares. In early 2002, Baring Vostok Private Equity Fund purchased shares from these investors.
The value of the advertising market in Russia declined sharply after the 1998 crisis and caused a dramatic drop in revenue, which led several institutional investors to sell their shares. In early 2002, Baring Vostok Private Equity Fund purchased shares from these investors.
Employees: 1001-5000
Founded date: 1989
Investors 1
| Date | Name | Website |
| - | Baring Vos... | baring-vos... |
Mentions in press and media 2
| Date | Title | Description |
| 28.01.2016 | Сотрудников ищут «СТС-медиа», Acronis, «Островок», Mailburn, «Афиша» | Редакция vc.ru продолжает публиковать резюме специалистов, желающих работать в стартапах и ИТ-компаниях (выходят по понедельникам), а также вакансии компаний, которые ищут сотрудников (выходят по четвергам). Продюсер трансмедиа-проектов — «... |
| - | "Кадеты" хуже Кати Пушкаревой | "СТС-Медиа" продолжает увеличивать прибыль. Как стало известно из опубликованного сегодня квартального отчета, операционный доход компании вырос на 31% и достиг $104 млн. Впрочем, затраты возросли на 42%. Но это не испортило общей... |