Moscow-based television broadcaster CTC Media Inc (CTCM), announced that it has signed definitive agreements to acquire 100% ownership in Russian production companies Costafilm and Soho Media for about $50 million in cash payable over three years. Specifically, Costafilm will be acquireed for about $40 million and Soho Media will be purchased for $10 million.The company also announceed that it is creating an in-house proprietary program rights management and production function, in conjunction with the acquisitions.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.