Central European Media Enterprises (CME) has reported on the last quarter before announcing the sale of its broadcast assets in Croatia and Slovenia.
CME’s decision to sell its broadcasting assets in Croatia and Slovenia was a surprising and yet at the same time highly important development.
Central European Media Enterprises (CME) has agreed to sell its broadcast interests in Croatia (Nova TV) and Slovenia (Pop TV) to Slovenia Broadband, a subsidiary of United Group, for €230 million in cash.
Bulgaria’s bTV Media Group has appointed Gospodin Yovchev as a member of its board of directors.
Slovakia’s leading broadcaster TV Markiza is facing a demand for €70 million from the entrepreneur Marian Kocner.
Central European Media Enterprises (CME) had net revenues of $135 million in the first quarter of this year, an actual increase of 4.7% (8.1% like-for-like) on the same period in 2016.
Bulgaria’s Commission for Protection of Competition (CPC) has fined the CME-owned broadcaster bTV Media BGN2.92 million (€1.49 million) for abusing its dominant market position when negotiating with cable operators.
Central European Media Enterprises (CME) has completed a transaction with Time Warner to reduce, with effect as of March 1, the fees payable to the latter as credit guarantor of its current outstanding senior term credit facilities.
The Czech Republic’s Nova Group has rebranded its licensing company CET 21 as TV Nova.
Central European Media Enterprises (CME) ended 2016 on a high note, posting a net income of $21,088,000 for the last quarter, compared to a net loss of $11,427,000 in the corresponding period in 2015.