Quotes (RBCM)

Last trade
Current price
Market cap

Data is delayed by 15 min.

Press releases | Archive 2006

RBC TV launches new broadcasting studio in Federation Business Complex

Moscow, July 20, 2006 - RBC TV, a subsidiary of RBC Information Systems (RTS, MICEX: RBCI), has entered into a contract for the creation of a new RBC TV broadcasting studio in the Moscow City business center with Mirax City, the customer and developer of the Federation business complex.

RBC TV's new broadcasting studio will cover an area of over 800 square meters. An additional studio will enable the business TV channel to expand its range of programs and launch business talk shows with the participation of Russia's key businessmen. Located in the vicinity of major companies' offices, the new broadcasting studio will allow newsmakers to take a more active part in RBC's televised projects.

The Federation complex, which is under construction now, is designed to become the center of the Moscow City international business center, the highest building in Europe, one of Moscow's most prestigious and impressive business centers, accommodating all the city's major administrative and business resources. The construction project of the Moscow City international business center implies that within a few years to come 15 high-rise office, commercial and hotel complexes are to emerge on the Krasnopresnenskaya Naberezhnaya covering a total area of 60 hectares.

"Reaching a break even point in 2005, and subsequent financial performance allowed RBC TV to make additional investments in the channel's development," RBC TV's General Director Artyom Inutin said. "A new broadcasting studio to be opened in the downtown is part of our plans aiming at enhancing the channel's efficiency and the quality of television content."

"I am pleased that RBC has chosen the Federation business complex for its new broadcasting studio," Sergei Polonsky, President of Mirax, said. "It is well known that major broadcasting studios are housed in landmark buildings, and it is therefore quite natural that RBC is keeping up to date and intends to accommodate its new studio in the Federation complex, which is destined to become the symbol of new Russia."

Press and investor contacts:
Egor Timofeev
Tel: +7 (495) 363-1111
Email: pr@rbc.ru
Web: www.rbcholding.com