ctc media inc (CTCM) Key Developments
CTC Media, Inc Launches a Touch-Free Motion Activated Cooking App
May 13 13
CTC Media Inc. has announced the launch of a touch-free motion activated cooking app, a first for the Russian market. The app was developed by international cross-media company Screenz. Domashny became the first TV channel to offer its viewers and Domashniy.ru users a touch-free app, which is supported on mobile devices with a built-in camera. The app can be operated using a unique gesture system, which does not require users physically to touch the screen. The innovative app not only gives users the opportunity to watch delicious dishes being prepared on television but also prepare them at home. The app contains over 400 recipes from the channel and website, which are split into the following categories: meat dishes, fish and seafood, pasta dishes, salads, bakery, jams, sauces and seasonings, drinks, meals in under 30 minutes, healthy dishes, low-calorie dishes, dishes for diabetics and allergy-sufferers, as well as party dishes. The app also contains video recipes from the chefs and stars of Domashny, as well as daily tips and advice. In addition, the app also offers a number of useful features such as a timer, ingredient list, and a glossary of terms for "dummies". The app also lets users share their culinary masterpieces on social networks.
CTC Media, Inc Presents at Goldman Sachs European Media Symposium 2013, May-21-2013
May 6 13
CTC Media, Inc Presents at Goldman Sachs European Media Symposium 2013, May-21-2013 .
CTC Media, Inc Presents at VTB Capital RUSSIA CALLING Conference, May-21-2013
May 6 13
CTC Media, Inc Presents at VTB Capital RUSSIA CALLING Conference, May-21-2013 . Venue: London, United Kingdom.
CTC Media, Inc Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013; Provides Earnings Guidance for the Year 2013
May 2 13
CTC Media Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, total operating revenue was $195.287 million against $191.120 million a year ago. Operating income was $42.184 million against $49.971 million a year ago. Income before income tax was $45.693 million against $50.883 million a year ago. Net income attributable to the company's shareholders was $28.588 million or $0.18 per diluted share against $32.622 million or $0.21 per diluted share a year ago. Net cash used in operating activities was $12.903 million against net cash provided by operating activities of $8.850 million a year ago. Acquisitions of property and equipment and intangible assets were $1.120 million against $3.002 million a year ago. OIBDA was $50.649 million against $55.128 million a year ago. The company’s OIBDA was down year-on-year, from 29% to 26% in the first quarter. The decrease was primarily due to growth in programming expenses ahead of the revenues. The company’s total operating revenues were up 4% year-on-year in ruble terms, below the company’s Russian channels’ sales dynamics. This was primarily due to the lower growth of Channel 31 and decline in sublicensing revenue. Decrease in sublicensing is purely explained by timing of content sales to Ukraine broadcaster last year, which was heavily weighted to the first quarter. Net interest income was $3.316 million in the first quarter of 2013 compared to $2.129 million a year ago.
The company provided earnings guidance for the year 2013. For the year, the company expects to report an OIBDA margin at approximately 32%, similar to the 2012 level. The company will continue to invest in content but expects to maintain its programming expenses stable as a percentage of advertising revenues year-on-year for the full year. Overall, for the year 2013, the company expects effective tax rate to be back to a more normalized level of approximately 35%, but there may be some quarterly fluctuations.
CTC Media, Inc Declares Quarterly Cash Dividend Payable on or About June 26, 2013
May 2 13
CTC Media Inc. Board of Directors has declared a dividend of $0.16 per outstanding share of common stock, or approximately $25 million in total, to be paid on or about June 26, 2013 to stockholders of record as of June 3, 2013. The Board currently intends to pay total cash dividends of $0.63 per share (or up to $100 million in the aggregate) in 2013, a year-on-year increase of 21% compared to cash dividends of $0.52 per share (or $82.2 million in the aggregate) paid in 2012. Although it is the Board's current intention to declare and pay further dividends in the remaining quarters of 2013, there can be no assurance that such additional dividends will in fact be declared and paid. Any such declaration is at the discretion of the Board and will depend upon factors such as CTC Media's earnings, financial position and cash requirements.