The Business of Multiscreen Television
Time Warner has closed the acquisition of a 31% stake in CME.
Announced in March and worth $241.5 million (€179 million, the deal is likely to provide a welcome boost for CME, whose TV stations in seven CEE countries have recently been hard hit by falling ad revenues.
Working with Time Warner, CME is expected to launch a number of new thematic channels in the near future.
About Chris DziadulChris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com.
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Connected TV Forecasts NEW REPORT. The number of TV sets connected to the Internet will reach 551 million by 2016 for the 40 countries covered in this report from Digital TV Research, up from 124 million at end-2010. The report states that this translates to 20% of global TV sets by 2016, up from only 6% at end-2010. Published in November 2011, this 83-page PDF report is the most geographically comprehensive to ever be published. Read more about the report