"Versia" (Sovershenno Secretno, Top Secret), No. 10, March 17, 2003

RBC TV has attracted $15 million for its television project. In particular, $10 million were invested in the share capital of RBC TV by its parent company RBC Information Systems and $5 million came as a loan.

At present, the company has hired the majority of the staff for the TV project, including journalists, analysts and technical specialists. RBC TV will broadcast from a television center located on RBC premises with a total office space of more than 3,000 square meters. "We have chosen the best time for launching the television channel and we are sure of the success of this project," RBC's Chairman of the Board of Directors and President German Kaplun was quoted as saying. According to conservative estimations of RBC management, the project will break even at the end of the second year of broadcasting, with the payback period of three years. The business model of the project is based on advertising revenues.