Christoph Mainusch

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 ‘positioned for growth’ says CEO

CME co-CEO Christoph Mainusch has said the CEE broadcast group is now leaner, fitter and more efficient after a tough period. Time Warner-backed CME has channels across the Central and Eastern European (CEE) region and Mainusch and his co-CEO Michael Del Nin were tasked with turning the business around after a period in which it […]

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’s core business not for sale, says CEO

The sale of any of CME’s core assets is “not on our agenda” according to company co-CEO Christoph Mainusch. In an interview with Czech newspaper Mladá fronta Dnes, Mainusch said that despite sale speculation from last year, neither the overall business nor its main channels were on the block. However, he added that the disposition […]

CME reports upturn in revenue, operating income

Central European Media Enterprises (CME) reported an upturn in revenues and operating income in Q3, the company’s strongest quarter of the year so far. Announcing its third quarter results, CME reported net revenues of US$140.1 million (€111 million), up 7% compared to last year, while operating income before depreciation and amortisation was US$2.9 million compared […]

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 management criticises firm’s ‘unacceptable’ performance

The co-chief executive officer of Central European Media Enterprises (CME), Michael Del Nin, has slammed the firm’s Q3 performance as “unacceptable” as its revenues narrowed and it reported an operating loss of US$45 million (€32.7 million). The weak results came as CME warned that if it is unable to secure additional financing, “we will be […]