Question-and-Answer Session
Operator
[Operator Instructions]. Your first question comes from David Kestenbaum of Morgan Joseph.
David B. Kestenbaum - Morgan Joseph
Okay thank you. Michael you said in the past that one of your goals is here is to buy back some of the minority interest in the Ukraine. Can you just talk about what -- having that minority interest does as far as your ability to react to the market? Obviously you've had tremendous success in Slovakia when you moved down your minority, you eliminated your minority interest, can you just talk about, compare the two markets and what benefit you will get from doing that?
Michael Garin - Chief Executive Officer
Yes, of course, that's a very good question. In the Slovak Republic as you know our partner there was the Vice, Prime Minister and the Minister of the Parliament. And his objectives were necessarily always the same as ours since we have local political situation taking to account. And this impacted programming decisions, staffing decisions and new decisions in many other matters involving and the matters [indiscernible] decision.
And so last year when we were able to acquire control we installed a brand new management. And as Wallace and I explained ratings always precede revenues and we've started to see some of the benefits that came from having a single management focus. And this year the revenues have followed, and following the sort of management oversight and leadership that Adrian provided an enormous amount of that revenue has fallen to the bottom line.
Now turning to the Ukraine, I don't think there is anybody more talented [indiscernible] broadcast. He is an outstanding guy who did enormous amount to build 1+1 and now has done a great deal to build CTC. For those of you who were on the call yesterday or the other day with CTC understand that that company has its own challenges. And Alex is under enormous pressure to deliver results that investors and its Board expect something.
Television broadcasting is a 7 day a week, 24 hour day business and can be phoned in from Russia. So, it's not that Alex is in the great executive, he is just not our executive, he is CTC's executive. And without clear lines of authority management doesn't really know who they work for all of us. Alex phones in from Moscow, makes some suggestion, they sometimes take it as an order and it creates enormous confusion within the station. If he wanted to leave CTC and come back to Studio 1+1 we will be thrilled but I don't think anybody expects that. Therefore it's incumbent on us not just for financial reason but for operational reason to try to get control of the station as soon as we can so that there is a clear line of leadership, there is a clear line of decision making and a single vision of how the station is run. Does that answer you question Dave?
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