The Russian station TNT had revenues of R16.9 billion (Ä270.8 million) in 2014, making it one of the best performing broadcasters in the country in terms of growth.

According to Vedomosti, the figure was 8.1% up on a year earlier, and while it was less than half the 17% growth recorded in 2013, it was 3.5 times the national average.

Advertising accounted for 98% of TNTís revenues in 2014, with ad revenues up 7.1% year-on-year.

For the Russian terrestrial TV market as a whole, ad revenues grew by only 2% last year.

Meanwhile, total revenues fell at some of the leading broadcasters. NTV, which like TNT is part of Gazprom-Media, saw a reduction of 12.2%, while CTC Mediaís fell by 2.1%.

Some industry sources believe the TV ad market in Russia contracted by between 20-25% in Q1 this year.