CTC Media Inc was incorporated in 1989 and commenced television operations in May 1994, initially broadcasting from its first owned-and-operated station in St. Petersburg to 22 cities across Russia as a superstation a single station that retransmits its signal to remote locations. In December 1996, the Company launched CTC, a national network broadcasting by satellite from its center in Moscow. The Company launched Domashny in March 2005 and acquired DTV in April 2008.Its TV channels are currently distributed by means of free-to-air terrestrial broadcasting in analog format. Its signals are broadcasted by the owned-and-operated stations and unmanned repeater transmitters according to local analog broadcast licenses and universal licenses for analog frequencies in the respective regions, as well as by its independent affiliate stations and local cable operators. In exchange for the right to broadcast its signal, the Company allows its affiliates to broadcast local advertising during designated time windows, from which it derives revenues. At CTC's Domashny and DTV Networks it also pays fees to some independent affiliates of these networks for broadcasting the Domashny or DTV signal. The Company operates CTC Network, Domashny Network, Che Network, CTC Love Network and Channel 31 Network. The Company competes with other broadcasters and other forms of media for advertising spending, and with other broadcasters for audience share, programming rights, affiliate stations and broadcast frequencies in particular VHF frequencies in key markets.