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 […]

Czech PPF last bidder standing for AT&T’s CME

PPF, an investment group owned by the Czech Republic’s wealthiest man Petr Kellner, is closing in on the acquisition of AT&T-owned Central European Media Enterprises (CME).  According to sources cited by Czech news site hlidacipes.org, the investment group is the last remaining bidder for CME.  CME was inherited by AT&T following its merger with Time […]

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 […]