The US investment company CME is to buy 5% of the Romanian broadcaster Pro TV SA from its local partner Adrian Sarbu for a reported $49.8 million (€37.3 million). CME has been present in Romania since 1995 and currently operates the national commercial station Pro TV, along with the niche channels Acasa, Pro Cinema, Pro Cinema, Pro TV International and Sport.ro. With the acquisition, its stake in the group will rise to 95%. Romania is the second best performing market in CEE for CME after the Czech Republic, its operations in the country posting revenues of $39.3 million and EBITDA of $15.1 million in Q1 2007.
