"CTC Media continues to be on the cutting edge of the entertainment media in Russia and to actively develop digital media projects, which grew their revenues by 1.5 times in the first quarter. We are very pleased with a remarkable success of our recent transmedia project "Real Love," which reached over 50 million people in Russia, including 30 million of CTC channel viewers and over 20 million of Internet users. CTC Media is open for new ideas and opportunities in the cross platform area, and we are encouraged by the results of the transmedia projects competition organized together with our partners as a part of MIPTV spring 2013 content market.""We paid out a quarterly cash dividend of $0.15 per share in March 2013 and ended the quarter with net cash of $138 million. As previously announced, during 2013, we intend to pay out quarterly dividends in an aggregate of $0.63 per share, which is a more than a 20% year-on-year increase compared to 2012. This is in line with our stated philosophy to return surplus free cash flow to shareholders."
|Share of Viewing|
|Average Target Audience Shares (%)|
|Q1 2012||Q4 2012||Q1 2013|
|CTC Channel (all 10-45)||12.7||11.0||11.3|
|Domashny Channel (females 25-59)||3.7||3.1||3.0|
|Peretz Channel (all 25-49)||2.8||2.3||2.5|
|Channel 31 (all 6-54)||14.5||13.8||13.4|