Central European Media Enterprises

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Central European Media Enterprises Ltd.
Type Public
Traded as NASDAQCETV
Industry Media
Founded 1994
Headquarters Hamilton, Bermuda
London, United Kingdom CME Development Corporation
Amsterdam, Netherlands
CME Media Enterprises BV Prague, Czech Republic CME Media Services Limited
Key people Christoph Mainush & Michael Del Nin, Co-CEOs
David Sturgeon, CFO
Products Television broadcasting; content production; New Media
Revenue Increase $772 million (2012)
Employees 4,500¹ at 31 December 2012
Website Official website

Central European Media Enterprises (CME) a Bermuda company limited by shares, is a media and entertainment company operating in Central and Eastern Europe. CME was founded by Ronald Lauder in 1994.The business is managed on a geographical basis, with six operating segments, Bulgaria, Croatia, the Czech Republic, Romania, The Slovak Republic and Slovenia, which are also the main operating countries. The company is listed on NASDAQ and Prague Stock Exchange under the ticker symbol CETV.[1]

Operations[edit]

CME is the broadcast market leader in every country where it has stations present and reaches the homes of over 50 million people. It started life as a single channel in the Czech Republic in 1994. CME operates a total of 33 television channels across its markets as well as portfolio of websites and the video-on-demand service Voyo. Each country also develops and produces content for their television channels and CME licenses content to third parties, both within the region and globally.[1]

Key shareholders[edit]

On 23 March 2009, Time Warner announced that it would invest $241.5 million, for a 31% stake, in CME.[2]

Two years later on 3 March 2011 Time Warner bought another 3.1 million shares taking its stake in CME up to 34.4% with around 47 percent of voting rights and a total of 22.1 million shares.[3]

In July 2012 CME exercised its put option and Time Warner increased its economic interest in CME to 49.9%.[4])

During the second quarter of 2013, Time Warner maintained its 49.9% economic interest during a public offering of CME; Class A Shares, and additionally purchased 200,000 shares of Series B Convertible Redeemable Preferred Stock in a private placement.

Television Stations[edit]

CME Board of Directors[edit]

See also[edit]

References[edit]

  1. ^ a b "CME Form 10-K filed Feb. 21, 2013". 
  2. ^ "Time Warner Inc. Completes US$241.5 Million Investment for 31% Interest in Central European Media Enterprises Ltd., A Leading Central & Eastern European Media Company". Central European Media Enterprises. Retrieved 18 May 2009. 
  3. ^ Chamonikolas, Krystof. "CME Rallies as Time Warner Buying Shares Shows ‘Confidence’". Bloomberg. Retrieved 3 March 2011. 
  4. ^ "CME exercises its put option to Time Warner and completes its deleveraging transactions". Central European Media Enterprises. Retrieved 3 July 2012. 

External links[edit]