Rambler Media Offloads TV Business
MOSCOW, October 25: Rambler Media, whose core business is the provision of online and mobile content services to Russian speakers worldwide, is selling off its television station to Osgora Productions, a subsidiary of the Russian outfit Prof-Media.
Rambler TV is a free-to-air factual and entertainment network that reaches approximately 40 million people across Russia in over 470 cities and towns. Its target demo is males aged 25 to 54. Rambler TV generated revenues of $2.15 million and an EBITDA loss of $1.4 million for the first half of 2006.
Rambler Media is selling the business so that it can focus on its successful Rambler.ru portal. Proceeds from the sale will be used to grow the company, including possible online acquisitions.
Prof-Media will use the Rambler TV infrastructure to extend the operations of its upcoming Moscow-based channel 2x2.
http://www.protect-x.com
Rambler TV is a free-to-air factual and entertainment network that reaches approximately 40 million people across Russia in over 470 cities and towns. Its target demo is males aged 25 to 54. Rambler TV generated revenues of $2.15 million and an EBITDA loss of $1.4 million for the first half of 2006.
Rambler Media is selling the business so that it can focus on its successful Rambler.ru portal. Proceeds from the sale will be used to grow the company, including possible online acquisitions.
Prof-Media will use the Rambler TV infrastructure to extend the operations of its upcoming Moscow-based channel 2x2.
http://www.protect-x.com
posted by Maksim at 4:54 AM
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