CME given bTV green light

Bulgaria’s Commission on Protection of Competition has approved the acquisition of News Corp’s assets in Bulgaria by Central European Media Enterprises.

In February, CME announced it had acquired Bulgarian free-to-air station bTV. CME will pay current owner News Corp US$400m (€297m) for the commercial station. The deal also gives CME the bTV cable channels bTV’s bTV Cinema and bTV Comedy and a majority share of the company’s radio interests.