CME has closed the sale of its operations in Ukraine, which include Studio 1+1 and the Kino channels, to Harley Trading Limited for $300 million (€223.9 million).
A dispute threatening the completion of the sale of the Bulgarian national commercial station bTV by News Corp to CME has taken a new and surprising twist.
A dispute over the movie channel bTV Cinema could delay the finalisation of the sale of its operator bTV, the leading broadcaster in Bulgaria, to CME.
Results published by CME show 2009 to be by far the most difficult year for the company in its decade and a half’s activities in CEE’s TV industry.
CME has agreed to buy News Corp’s broadcast assets in Bulgaria for $400 million (€254.1 million) in cash.
CME has been given the go-ahead to sell its TV operations in Ukraine.
CME is close to buying the leading Bulgarian TV station bTV from News Corp.
Central European Media Enterprises (CME) is to sell its Ukrainian channels Studio 1+1 and Kino to Harley Trading Limited (HTL), a company owned by Igor Kolomoisky, for $300 million (€209.1 million) in cash.
CME is “ready to merge with any of our competitors in fair conditions or alternatively sell our business” in Bulgaria, according to Petr Dvorak, the general director of the leading Czech broadcaster TV Nova.
Central European Media Enterprises (CME) has posted an income of $134.5 million (€89.7 million) for the third quarter, or 33% less than in the same period last year.