Central European Media Enterprises
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| Public | |
| Traded as | NASDAQ: CETV PSE: CETV |
| Industry | Media |
| Founded | 1994 |
| Headquarters | Hamilton, Bermuda London, United Kingdom CME Media Services Limited Amsterdam, Netherlands CME Media Enterprises BV Prague, Czech Republic CME Media Services Limited |
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Key people
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Christoph Mainusch & Michael Del Nin, Co-CEOs David Sturgeon, CFO |
| Products | Television broadcasting; content production; New Media |
| Revenue |  $680 million (2014) |
| Owner | Time Warner (49.9%)[1] |
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Number of employees
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3,700¹ at 31 December 2014 |
| Website | Official website |
Central European Media Enterprises (CME) is a Bermudan media and entertainment company operating in Central and Eastern Europe. CME was co-founded by Leonard M Fertig and Ronald Lauder in 1994. The business is managed on a geographical basis, with six operating segments, Bulgaria, Croatia, the Czech Republic, Romania, The Slovak Republic and Slovenia, which are also the main operating countries. The company is listed on NASDAQ and Prague Stock Exchange under the ticker symbol CETV.[2]
Contents
Operations
CME is the broadcast market leader in every country where it has television stations and reaches the homes of approximately 50 million people. It started life as a single channel in the Czech Republic in 1994. CME operates a total of 34 television channels across its markets as well as portfolio of websites and the video-on-demand service Voyo. Each country also develops and produces content for their television channels and for licensing to third parties CETV.[2]
On 23 March 2009, Time Warner announced that it would invest $241.5 million, for a 31% stake, in CME.[3]
Two years later on 3 March 2011 Time Warner bought another 3.1 million shares taking its stake in CME up to 34.4% with around 47 percent of voting rights and a total of 22.1 million shares.[4]
In July 2012 CME exercised its put option and Time Warner increased its economic interest in CME to 49.9%.[5]
During the second quarter of 2013, Time Warner maintained its 49.9% voting interest during a public offering of CME Class A Shares, and additionally purchased 200,000 shares of Series B Convertible Redeemable Preferred Stock in a private placement.
During a rights offering and private placement in 2014, Time Warner increased its economic ownership on a diluted basis to approximately 75%.
Television Stations
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CME Board of Directors
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Directors
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Independents
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See also
References
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