Central European Media Enterprises

Time Warner buys US$200m CME shares

Broadcast group Central European Media Enterprises (CME) has sold 200,000 shares in the company to stakeholder Time Warner Media Holdings for US$200 million. CME said the sale of the Series B convertible redeemable preferred stock, along with US$100 million of proceeds from a public share offering that was completed in May, would be used to […]

CME’s examines finance options as losses deepen

Broadcast group Central European Media Enterprises (CME) saw its fourth-quarter net losses deepen as the weakness of the advertising market in central and eastern Europe continued to take its toll. CME ended the year with cash and near-cash reserves of US$140.4 million. The broadcaster said that it was exploring options to improve its liquidity position, […]