Russian TV Companies Prepare for IPOs

22 February 2006

   MOSCOW - Russia's STS Media, which owns TV channels, has hired Deutsche Bank, UFG and Morgan Stanley to help its $1 billion (€840m; £573m) float via an IPO in the second quarter of this year.
   Rival firm TV3, also set to list in the spring with a value of around $300 million, has hired UBS and Renaissance Capital to help its IPO.