Petr Kellner

CME owner Petr Kellner killed in helicopter crash

Petr Kellner, the Czech Republic’s richest man and owner of media group Central European Media Enterprises (CME) has been killed in a helicopter crash in Alaska. Kellner, whose PPF investment vehicle took over CME from previous majority owner AT&T in 2019 in a deal that valued the company at US$2.1 billion, was killed on a […]

CME sees ad revenues drop as COVID-19 impact makes itself felt

Central and eastern European broadcaster Central European Media Enterprises (CME), which is set to be acquired by Czech billionaire Petr Kellner’s PPF Group, saw its TV advertising revenues plummet for the year to date, as the impact of the COVID-19 pandemic made itself felt. TV advertising revenues decreased 21% at actual rates and 17% at […]

Bulgarian watchdog says no to MTG’s Nova sale

Bulgaria’s competition regulator, the Commission on Protection of Competition has blocked the sale of Modern Times Group (MTG)-owned Nova TV to Czech businessman Petr Kellner’s PPF Bidco. The watchdog said that the deal could reduce competition in the media and advertising market, citing Nova’s leading position in the media services market and the participants’ overlapping […]