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EX-99.1 - ADDITIONAL CONTRACT NO. 7 TO THE CONTRACT NO. KT-361/1110 AS OF NOVEMBER 11, 2010 - CTC Media, Inc.a11-24589_1ex99d1.htm

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):  August 15, 2011

 

CTC MEDIA, INC.

(Exact Name of Registrant as Specified in Charter)

 

Delaware

 

000-52003

 

58-1869211

(State or Other
Jurisdiction of Incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

31A Leningradsky Prospekt
Moscow, Russia

 

125284

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: +7-495-785-6347

 

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 1.01.    Entry into a Material Definitive Agreement.

 

On August 15, 2011 we entered into Additional Contract amending our main Contract signed on November 11, 2010 with Video International, our provider of special advertising software and services, regarding the calculation of its compensation. We have agreed to exclude revenues from the airing of federal and regional sponsorship advertising from the definition of Actual Gross Revenues, which in turn is the basis for the calculation of Video International’s compensation. This Additional Contract covers the period starting August 1, 2011 and ending December 31, 2011.

 

Item 9.01.

Financial Statements and Exhibits

 

(d)    Exhibits

 

99.1

Additional Contract No. 7 to the Contract No. KT-361/1110 as of November 11, 2010

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

CTC MEDIA, INC.

 

 

Date: August 18, 2011

By:

/s/ BORIS PODOLSKY

 

 

Name:

Boris Podolsky

 

 

Title:

Chief Financial Officer

 

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EXHIBIT INDEX

 

Exhibit
No.

 

Description

99.1

 

Additional Contract No. 7 to the Contract No. KT-361/1110 as of November 11, 2010

 

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