Net cash used in investing activities totaled $1.4 million in the first quarter (net cash provided by investing activities in Q1 2012: $23.3 million) and included $1.1 million of capital expenditures mainly on purchases of cable connections and broadcasting equipment.Net cash used in financing activities amounted to $24.9 million in the first quarter (Q1 2012: $15.8 million) and primarily reflected the payment of $17.8 million in cash dividends to the Company's stockholders, $0.1 million in dividends paid to minority shareholders and net settlement of a $7 million bank overdraft.
CTC Media Financial Results For The First Quarter Ended March 31, 2013
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