Netflix’s content has little appeal for CEE audiences, and OTT is currently only really useful as a way for pay TV providers to deliver catch-up and multiscreen services, attendees at the NEM heard this morning. Speaking on a panel on DTH and OTT at the event in Dubrovnik, Croatia, Stanislav Georgiev, head of broadcast at […]
The co-chief executive of Time Warner-backed Central European Media Enterprises, Michael Del Nin, said the company’s “turnaround phase is now behind us” after reporting another quarter of improving results. CME is 49% backed by Time Warner, which helped to refinance the TV group as it struggled amid a region-wide downturn in TV advertising revenues. Announcing […]
Analysts have said the outlook is positive for central and eastern Europe-focused broadcast group CME in the wake of its recent refinancing by Time Warner. Citing “further support” from 49% shareholder Time Warner, credit analyst Moody’s said: “The stable outlook reflects early signs of turnaround in CME’s operating performance with a return to adequate advertising […]
The Romanian TV market is ultra-competitive with numerous channels vying for ratings and a slice of the modest ad revenues available. Antena Group CEO Sorin Alexandrescu tells Stewart Clarke about his plan for the locally-owned broadcaster to overtake US-backed CME in the battle for eyeballs and about the challenges facing the country’s television sector. Seated […]
US media giant Time Warner is exerting greater control at Central and Eastern Europe-focussed broadcast group CME, and is set to increase its ownership stake further this month as a series of complex financial transactions play out. Time Warner boss Jeff Bewkes has talked about the “interesting long-term opportunities” at CME and a rights offering […]
Turner Broadcasting System’s international boss Gerhard Zeiler has joined the board of directors at embattled broadcaster Central European Media Enterprises. Zeiler (pictured) is joining along with Warner Bros. France president Iris Knobloch and Time Warner’s senior VP, international and corporate strategy Doug Shapiro. Furthermore, former Time Warner Cable and HBO executive John K. Billock has […]
Ronald Lauder, the founder of Central European Media Enterprises, has resigned from the company’s board. Lauder (left) started CME in 1994 with the launch of TV Nova in the Czech Republic. He has been non-executive chairman of the company for the ensuing twenty years. His departure from the Time-Warner backed Central and Eastern European broadcast […]
The CEO of Time Warner has confirmed he may hand the embattled broadcaster Central European Media Enterprises a loan providing it is “fair” for shareholders. Jeff Bewkes (left) said yesterday: “We think CME has very interesting long-term opportunities. So while there’s no guarantee we will come to an agreement, we’ve been and remain very interested […]
The co-chief executive officer of Central European Media Enterprises (CME), Michael Del Nin, has slammed the firm’s Q3 performance as “unacceptable” as its revenues narrowed and it reported an operating loss of US$45 million. The weak results came as CME warned that if it is unable to secure additional financing, “we will be unable to […]
CME’s CFO and strategy boss are leaving the central and eastern Europe-focused broadcast group. The news comes in the same week that the Time Warner-backed firm said the general director of its largest single business unit, TV Nova, was stepping down. Company CFO David Sach will exit at the end of the month. David Sturgeon, […]
