CME is a media and entertainment company operating leading businesses in six Central and Eastern European markets, with an aggregate population of approximately 50 million people. It currently operates 34 commercial and subscription television channels.
Supporting the broadcast division is the content and distribution division, Media Pro Entertainment, the owner of one of the largest studio facilities in CEE and a distributer of content both in CME’s markets and around the world. The local programming it produces is consistently the most popular in the region.
CME’s business model, One Content, Multiple Distribution, is built on delivering strong content in each country of operations and will enable the company to diversify from advertising to paid and subscription revenues, positioning it as the industry trend setter in the region. This is further supported by CME’s New Media division, which operates Voyo, the pan-regional video-on-demand service, over 75 websites and has developed a number of device applications.
The company was founded by Ronald Lauder in 1994 with the launch of TV Nova in the Czech Republic. CME’s television brands are now market and audience share leaders in all of its markets. The total television advertising spend in these markets in 2011 amounted to over US$1 billion and was estimated to account for approximately 53% of total advertising spend.
The company's success across the region is attributable to its strategy of producing and broadcasting high quality local programming and independent news, building multichannel networks and sharing knowledge and skills between its highly talented and locally managed teams.
CME is a Bermuda company, with subsidiaries in the Netherlands, London and in each operating country. CME is listed in New York on the NASDAQ exchange and in the Czech Republic on the Prague Stock Exchange under the ticker symbol "CETV".
For detailed information on CME, please refer to the Company's SEC filings .