Central European Media Enterprises (CME) has a cash war chest of between $300-400 million (€224.8-299.8 million) that it may use for further TV station acquisitions in the CEE region.
CME has completed the acquisition of the Bulgarian bTV group from Rupert Murdoch’s News Corp.
The Bulgarian Commission on Protection of Competition (CPC) has given the green light to CME’s purchase of the country’s leading station bTV from News Corp.
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.