According to the Expert Council of the National Association of TV and Radio Broadcasters the Russian market for radio advertising grew 35% to USD 620 million in 2007. USD 300 million of it were spend on the Moscow market. Although Moscow is still the biggest market, regional markets grew faster (40%) than the the capital’s market (30%).
Source: RBC-Daily
Independent Media Sanoma Magazines acquired entertainment portal «Webpark» for an undisclosed amount. Market experts put a valuation cap at USD 400 million for the portal.
Source: Kommersant
RosBusinessConsulting (RBC) acquired a 51% share in online music shop fidel.ru with an option to increase the share to 75% over the next three years. The amount of the deal, including guaranteed investments, is USD 8.5 million. The online shop will be managed by «Media Mir», a subsidiary of RBC. Fidel.ru is one of the few Russian online resources selling legal multimedia content. It has direct licensing agreements with the major labels.
Source: RBK-Daily, Vedomosti
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