Russian satellite television company NTV-Plus, a part of the Gazprom-Media holding company, is purchasing Red Media, a business that is producing 13 TV channels.

BBC Monitoring is quoting Russia’s Interfax news agency for the report, which says Russia’s Federal Anti-monopoly Service (FAS) has approved the acquisition of 99.9 per cent of creative production outfit Red Media by broadcaster ‘Pylus’, FAS said in a statement. Plyus owns 100 per cent of NTV-Plus, Interfax added.

Red Media produces channels 365 Dney TV (English: 365 Days TV), Europa Plus TV, HD Life, STV, Avto Plyus, Boyets (Eng: Fighter), India TV, Interesnoye TV (Eng: Interesting TV), Comediya TV (Eng: Comedy TV), Kukhnya TV (Eng: Kitchen TV), Lya-Minor (Eng: A Minor), Mnogo TV (Eng: Many Things TV) and Russkaya Noch (Eng: Russian Night).

The net sales of the Red Media holding’s parent company amounted to R757 million (some $21 million) in 2012, with a net profit reaching R67.4 million.

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Categories: Articles, Business, DTH/Satellite, M&A