Russian state TV boosts revenueBut still lagging behind industry averageJuly 18, 2008, 09:45 AM ET
MOSCOW -- Russia's state-run TV companies -- Channel One and VGTRK,
which runs the channels Rossiya, Sport and Kultura -- reported
profit increases for 2007.
VGTRK's net profits increased threefold to 1.35 billion roubles ($58.2 million) from the previous year. The profits of Channel One increased 70% from 2006, to 3.12 billion roubles ($134.5 million). Meanwhile, the increase in revenue at the state-run TV companies lagged behind the average industry figure, which observers attribute to improved performance of niche channels. Russian state TV boosts revenueBut still lagging behind industry averageJuly 18, 2008, 09:45 AM ET
MOSCOW -- Russia's state-run TV companies -- Channel One and VGTRK, which runs the channels Rossiya, Sport and Kultura -- reported profit increases for 2007.
VGTRK's net profits increased threefold to 1.35 billion roubles ($58.2 million) from the previous year. The profits of Channel One increased 70% from 2006, to 3.12 billion roubles ($134.5 million). Meanwhile, the increase in revenue at the state-run TV companies lagged behind the average industry figure, which observers attribute to improved performance of niche channels.
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