Russian TV Broadcaster Plans US IPO

13 October 2005

Russia's biggest private television broadcaster, STS Media, is planning to sell up to 20% of the company in an initial public offering on the US Nasdaq exchange next year.

STS, which controls the STS and Domashny TV channels, is owned by Modern Times Group of Sweden, Russia's Alfa Bank and Baring Vostok Capital Partners, together with smaller shareholders.

Data sourced from Moscow; additional content by WARC staff