Adrian Sarbu

Former CME chief Sârbu arrested over tax case

Romanian media tycoon Adrian Sârbu, the main shareholder in Mediafax Group and former president of Central European Media Enterprises (CME) was arrested and detained for 24 hours on Monday, accused of money laundering, embezzlement and tax fraud. According to local reports, the Romanian state prosecutor’s office has alleged that Mediafax Group set up a scheme […]

CME to invest in departing CEO’s new content business

The president and CEO of Central European Media Enterprises (CME), Adrian Sarbu, has resigned after nearly two decades at the company to set up a content business that CME plans to invest in. In a filing with the Securities and Exchange Commission yesterday, CME said that Sarbu intends to develop the content business next year […]

CME sees revenues fall steeply and losses widen

Broadcast group Central European Media Enterprises (CME) has seen first quarter revenues plummet and losses widen as the company’s moves to increase advertising rates in the Czech Republic met with resistance among media buyers and advertisers. CME posted net revenues of US$137 million (€105 million) for the quarter, down from US$167.4 million for the same […]