"Gazeta.Ru", May 22, 2002

The RBC Board of Directors decided to establish the RBC TV television channel, which will cover business and financial news. Apart from RBC, other investors may be invited to join this project to enhance its financing capabilities. The new television channel is scheduled to start broadcasting in the first half of 2003.

A recent initial public offering of 16 million shares in OAO RBC Information Systems brought over $13m in IPO proceeds to RBC. Analysts predicted that the company might channel these funds to the acquisition of Internet and mass media companies. RBC executives also named the print media, particularly the Publishing House Kommersant, among lucrative tidbits. However, they decided to start with TV.