Czech PPF Group, parent company of Central European Media Enterprises (CME), has acquired a 9.10% stake in German media company ProSiebenSat.1.
CME joins European Media Alliance
The European Media Alliance initiated by German broadcaster ProSiebenSat.1 will add TV channels from Central Europe to its association.
Sarbu to leave CME
Adrian Sarbu has resigned as president and CEO of Central European Media Enterprises (CME), one of the leading operators of commercial TV stations in Central and Eastern Europe.