KIEV, Sept. 30 - United Media Holding (the Netherlands), the parent company of Kiev-based Ukrainian Media Holding, has finalized a deal on the purchase of a 51% stake in Baluka Company, which owns four television channels in Ukraine, and a television production-studio in Russia.

"Through joining the television sector, UMH has become a full multimedia group, which manages all types of media," reads a holding announcement issued on Tuesday.