Central European Media Enterprises

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Central European Media Enterprises Ltd.
Public
Traded as NASDAQCETV
PSE: CETV
Industry Media
Founded 1994
Headquarters Hamilton, Bermuda
London, United Kingdom CME Media Services Limited
Amsterdam, Netherlands
CME Media Enterprises BV Prague, Czech Republic CME Media Services Limited
Key people
Christoph Mainusch & Michael Del Nin, Co-CEOs
David Sturgeon, CFO
Products Television broadcasting; content production; New Media
Revenue Increase $606 million (2015)
Owner Time Warner (49.4%)[1]
Number of employees
3,100¹ at 31 December 2015
Website Official website

Central European Media Enterprises (CME) is a Bermudan media and entertainment company operating in Central and Eastern Europe. CME was co-founded by Leonard M Fertig and 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.[2]

Operations[edit]

CME is the broadcast market leader in every country where it has television stations and reaches the homes of approximately 50 million people. It started life as a single channel in the Czech Republic in 1994. CME operates a total of 36 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 for licensing to third parties.[3]

Key shareholders[edit]

On 23 March 2009, Time Warner announced that it would invest $241.5 million, for a 31% stake, in CME.[4]

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.[5]

In July 2012 CME exercised its put option and Time Warner increased its economic interest in CME to 49.9%.[6]

During the second quarter of 2013, Time Warner maintained its 49.9% voting 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.

During a rights offering and private placement in 2014, Time Warner increased its economic ownership on a diluted basis to approximately 75%.

Television Stations[edit]

CME Board of Directors[edit]

See also[edit]

References[edit]

External links[edit]