TV Holding Mulls IPO

By The Moscow Times

June 16, 2011

Television holding UTH Russia, owned by Alisher Usmanov and Ivan Tavrin, may sell shares in an initial public offering in London next month, said two people with knowledge of the plans.

UTH owns channels MuzTV and 7TV. It could offer as much as 15 percent in new and current shares to raise as much as $200 million. The owners want the holding company to be valued at $1 billion at least.

The IPO may be announced on June 21 after preliminary meetings with investors. Credit Suisse Group, Morgan Stanley and Renaissance Capital were selected to manage a possible sale.

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue