Stockholm Published September 26, 2014 at. 08:42
Russia has proposed changes in the law on the mass media that would sharply restrict foreign ownership of media companies. Modern Times Group, which owns 38 percent of CTC Media, a leading independent media company in Russia, is now the development, according to a press release.
“MTG is closely following the development of the proposed changes and analyzes the potential actions that can be be taken to protect the interests of shareholders in the event the law takes effect. This applies both to the shareholding in CTC Media and MTG’s other business interests in the television business in Russia, “writes MTG.
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