Rating of TV Nova
dropped by 3.5% in week 17/2007 (last week of April) in comparison with 16/2007. Ratings of all main channels declined, while CT2 rating increased by more than 42%.
Our view: The main reason why CT2 rating jumped is broadcasting of World Ice Hockey Championships in Russia. The Championships would last till May 13, therefore similar ratings are expected for next two weeks. We believe that news would not influence today’s trading on CME
and reiterate our Buy recommendation for the stock.