Central European Media Enterprises

CME joins European Media Alliance

Central European Media Enterprises (CME) has joined the European Media Alliance created by ProSiebenSat.1 and others in 2014 to enhance common synergies, create investment opportunities, and facilitate transfer of knowledge. Among the major achievements of the alliance was the creation of the European Broadcaster Exchange, the JV between ProSiebenSat.1, TF1 and Mediaset to provide a […]

CME sells Croatian and Slovenian networks for €230m

CME has agreed to sell its top broadcast operations in Croatia and Slovenia for €230 million, in what it described as a “transformational moment” for the company. Central European Media Enterprises made a deal to sell commercial networks Nova TV in Croatia and Pop TV in Slovenia to United Group subsidiary Slovenia Broadband. The deal was […]

CME reduces Time Warner debt repayments

Time Warner-backed Central European Media Enterprises (CME) has reduced the cost of its borrowing after agreeing a debt repricing deal with the US cable giant. Effective as of the start of this month, CME said it has reduced the fees payable to Time Warner as credit guarantor of the company’s currently outstanding senior term credit facilities. Overall, CME […]

CME posts strong Q3 results

CME’s underlying profits more than doubled year-on-year in Q3, with the broadcast group reporting a rise this year in ad revenues, subscriptions and carriage fees. Announcing its third quarter results, Central European Media Enterprises said that operating income before depreciation and amortisation (OIBDA) came in at US$18.0 million, compared to US$8.35 million a year earlier. […]

NEM: Netflix ‘irrelevant’ for CEE

Netflix’s content has little appeal for CEE audiences, and OTT is currently only really useful as a way for pay TV providers to deliver catch-up and multiscreen services, attendees at the NEM heard this morning. Speaking on a panel on DTH and OTT at the event in Dubrovnik, Croatia, Stanislav Georgiev, head of broadcast at […]

NEM: OTT ‘will not make money’ in CEE

OTT in central and eastern Europe faces significant challenges and players in the OTT market are unlikely to see significant revenues from services in the medium term, according to executives from the region taking part in a panel debate at the NEM event in Dubrovnik, Croatia, this morning. Drazen Mavric, head of the management board […]

CME’s Mainusch: DTT has no future

Digital-terrestrial TV has no future and governments should not invest in DVB-T2 to the disadvantage of other platforms, according to CME’s Christophe Mainusch. The co-CEO of CEE broadcaster Central European Media Enterprises (CME) said governments should deregulate broadcasting and in particular remove restrictions on advertising minutes as viewers now have the choice of turning to […]

CME: turnaround phase now behind us

The co-chief executive of Central European Media Enterprises (CME), Michael Del Nin, said the company’s “turnaround phase is now behind us” after reporting another quarter of improving results. Announcing its third quarter figures, CME said that revenues came in at US$117.3 million – a 5% year-on-year increase at constant like-for-like rates, but down 10.5% compared to […]

CME sale talks “completely untrue” say co-CEOs

Central European Media Enterprises (CME) has dismissed recent reports that investment group PPF is in talks to buy the company or its flagship Czech channel TV Nova.  In an interview with Czech business newspaper Hospodářské noviny, CME co-CEO Michael Del Nin said the company sale speculation was “completely untrue,” and described TV Nova as “the […]

CME appointments chairman, new board members

Central European Media Enterprises (CME) has appointed John K. Billock as chairman, at the same time as adding three additional directors to the board. Billock becomes non-executive chairman of the board, following the resignation last month of predecessor Ronald Lauder – who had been at the company for two decades. Billock also serves as a […]