Almost 18,000 civilians evacuated from areas of Aleppo controlled by militantsWorld December 10, 7:41
Russian swimmers win 11 sets of medals at FINA World Swimming Championships (25 m)Sport December 10, 7:00
Shiveluch volcano in Russia’s Far East spews ash to 11 km in airWorld December 10, 5:28
Ceasefire agreements enter into force near Damascus, in Idlib province ― mediaWorld December 10, 4:18
Russian pair Tarasova/Morozov win final of ISU Grand Prix of Figure Skating in MarseillesSport December 10, 4:00
Matviyenko to visit UAE to participate in Forum of Women Speakers of ParliamentRussian Politics & Diplomacy December 10, 3:21
Doping samples of all athletes from past three Olympics should be re-analyzed ― lawmakerSport December 10, 2:01
Russia’s figure skater Medvedeva leads with world record after SP at Grand Prix finalsSport December 10, 1:28
Russian energy minister expects OPEC, non member countries to sign agreement on oil outputBusiness & Economy December 10, 0:46
MOSCOW, January 23. / TASS /. Universal Network International will stop broadcasting Universal Channel and E! Entertainment Television in Russia due to the deteriorating economic situation, the company said in a statement on Friday.
"Due to the deteriorating economic situation for our paid TV channels Universal Channel and E! Entertainment Television, the Russian company Universal Networks International has decided to discontinue its activities of the Russian market and consider alternative possibilities for the development of this line of business," the company said.
"Nevertheless, Russia remains an important market for NBCUniversal International, and Universal Pictures International and NBCUniversal Television Distribution International will continue to carry out the program distribution in Russia as usual," the statement said.
Universal Networks International, the international unit for broadcasting NBCUniversal, operates in more than 176 countries and territories in Europe, the Middle East, Africa, Latin America and Asia-Pacific. Company's brand portfolio includes TV Universal Channel, Syfy, 13th Street, Studio Universal, E! Entertainment Television, The Style Network, DIVA, Telemundo and the Golf Channel. The company is a division of NBCUniversal.
In the summer of 2014, Russia passed a law that banned advertising on cable or satellite channels, which decreased the profit of the networks.