Russia/Foreign Media Giants/MTG

C21Medianet: MTG lifts stake in Russian net

"The race for Russia continues, as broadcasters from Europe and beyond continue to lift their stakes in broadcasters in the burgeoning Eastern European market whenever possible."

"Scandinavian media conglom Modern Times Group is the latest, increasing its share in Moscow-based commercial broadcaster CTC Media by 3.3% to 43.1%. Through its Viasat Broadcasting arm, MTG first bought into CTC three years ago, and through local companies also controls Russian channel DTV."