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 ‘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 […]

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 […]

Analysts bullish on CME after Time Warner bailout

Analysts have said the outlook is positive for central and eastern Europe-focused broadcast group CME in the wake of its recent refinancing by Time Warner. Citing ‘further support’ from 49% shareholder Time Warner, credit analyst Moody’s said: “The stable outlook reflects early signs of turnaround in CME’s operating performance with a return to adequate advertising […]

Time Warner to invest US$573 million in CME

Time Warner has committed to a series of refinancing and loan deals for CME and upped its voting interest in the with central and eastern European broadcast group to 49.9%. Its total obligations across the financial deals is, credit analysts said, US$573 million, a sum that equates to less than 10% of the media giant’s […]

UPC Czech Republic adds Nova Sport

Liberty Global-owned cable operator UPC Czech Republic has added sports channel Nova Sport to its line-up after striking a deal with Central European Media Enterprises (CME) subsidiary CET 21, the channel’s owner. Nova Sport will be available in HD as part of the operator’s sport package. The channel is returning to the platform after an […]