Russian TV advertising market to grow up to $4bn in 2004

The television advertising market will grow from $2bn to $4bn in 2004 inRussia, President of the National Television and Radio BroadcastingAssociation Eduard Sagalayev said at the 3rd annual conference "The ModernTrends of the Development of Distribution Networks and TelevisionBroadcasting Networks in Russia And the Countries of the CIS" held inDubna. He was quoted as saying television companies are ready to invest apart of this money into the development of new technologies and networkupdate. .