The Czech Republic and Romania remain by far the most lucrative TV markets for Central European Media Enterprises (CME), accounting for 65.5% of its net revenues in the third quarter and 64% in the first nine months of this year.
Its Czech interests, headed by TV Nova, posted net revenues of $72,602,000 (€58,133,222) in Q3, up from $51,140,000 in the same period 12 months earlier, and EBITDA stood at $31,405,000 ($25,989,000 in Q3 2007). In Romania, net revenues amounted to $59,281,000 ($44,412,000) and EBITDA $20,116,000 ($19,486,000).
CME is using local currency guidance across all its seven markets in CEE and its overall results are impressive. Net revenues for the first nine months of the year, for instance, were 35% up on the same period on 2007.
However, one surprising figure was that for its Ukrainian station Studio 1+1, whose net revenues halved from $39,582,000 in Q3 2007 to $20,052,000 in Q3 this year.
