New Russian media company launches

07.26 Europe/London, October 19, 2011 By Chris Dziadul

The Russian cable operator National Telecommunications (NTK) is expected to today (October 19) announce the formation of a new media company that will develop TV channels.
According to Kommersant, it will be made up of two daughter companies named Novi Vibor (New Choice) and Artmedia Group and initially include seven channels in its portfolio.
The first of these will be Mother and Child, 24 Techno and NST, and they will be joined by 24 Doc on December 1.
The other three channels will be Amusement Park, Top Secret and NSTV. NTK is majority (71.8%) owned by Rostelecom and, according to iKS Consulting, claimed a 19% share of the Russian cable market in the first half of this year.