Press Releases
- January 20, 2010 - Hamilton, Bermuda Central European Media Enterprises Sells Its Ukrainian Operations For US$300 Million Hamilton, Bermuda – January 20, 2010 – Central European Media Enterprises Ltd. (“CME”) (Nasdaq/Prague Stock Exchange: CETV) announced today that it has entered into an agreement with Harley Trading Limited, a company beneficially owned by Igor Kolomoisky, to sell 100% of the Studio 1+1 and Kino channels for cash consideration of US$300 million plus an estimated US$19 million to fund cash expenses of the Studio 1+1 group between signing and closing of the transaction. The purchaser will make a payment of US$30 million to CME on February 1, 2010 and the balance of the purchase price will be paid at closing. The transaction is expected to close in the second half of April 2010.
- October 27, 2009 - HAMILTON, BERMUDA Central European Media Enterprises Reports Results For Third Quarter And Nine Months Ended September 30, 2009 Central European Media Enterprises Ltd. (“CME” or the “Company”) (NASDAQ/Prague Stock Exchange - CETV) today announced financial results for the three months and nine months ended September 30, 2009.
- October 20, 2009 - Hamilton, Bermuda Central European Media Enterprises Announces Third Quarter 2009 Earnings Release And Teleconference Central European Media Enterprises Ltd. (“CME”) (Nasdaq/Prague Stock Exchange: CETV) announced today that it will release its third quarter 2009 financial results before U.S. market hours on Tuesday, October 27, 2009.
- October 9, 2009 - Hamilton, Bermuda Central European Media Enterprises Ltd. to webcast Investor day presentations Central European Media Enterprises Ltd. (“CME” or the “Company”) (Nasdaq/Prague Stock Exchange: CETV) announced today that the Company will webcast presentations made during its Investor Day to be held in Prague, Czech Republic on October 15, 2009. A live video webcast and presentation slides will be available on CME’s website www.cetv-net.com beginning at 7 a.m. New York time (1 p.m. Prague time) on Thursday, October 15, 2009. Replays of the live audio webcast and the presentation slides will remain accessible on CME's website for two weeks following the Investor Day. An agenda for the Investor Day is available at www.cetv-net.com.
- September 23, 2009 - Hamilton, Bermuda Central European Media Enterprises Ltd. plans to sell senior notes Central European Media Enterprises Ltd. (NASDAQ and Prague Stock Exchange: CETV) announced today that it plans to make a private placement of fixed rate senior notes in the aggregate principal amount of approximately Euro 200.0 million (approximately US$ 295.8 million). The notes will have the same terms and be of the same series as the 11.625% senior notes due 2016 that the Company issued and sold on September 17, 2009. The Company intends to commence the offer shortly. The Company expects to use the net proceeds of the offering to redeem all outstanding Euro 181.8 million (approximately US$ 268.9 million) 8.25% Senior Notes due 2012 of the Company and for general corporate purposes.
- September 11, 2009 - Hamilton, Bermuda Central European Media Enterprises prices offering of EUR 200 million of 11.625% senior notes due 2016 Central European Media Enterprises Ltd. (“CME” or the “Company”) (Nasdaq Global Select Market/Prague Stock Exchange: CETV) today announced the pricing of its offering of fixed rate senior notes in the aggregate principal amount of € 200 million (approximately US$ 290 million) due in 2016. The notes will be sold at a purchase price equal to 98.261% of their face amount, pay interest semi-annually at a rate of 11.625% per year beginning March 15, 2010, and will mature on September 15, 2016.
- September 11, 2009 - Hamilton, Bermuda Central European Media Enterprises announces results of its offer to repurchase its 8.25% senior notes due 2012 Central European Media Enterprises Ltd. (“CME” or the “Company”) (Nasdaq Global Select Market/Prague Stock Exchange: CETV) announced today the results of its tender offer launched on September 7, 2009 to purchase for cash a portion of its 8.25% Senior Notes due 2012 (ISIN:XS0218213816 (Regulations S)) (the “Notes”). The tender offer was open to non-U.S. holders only and expired at 4:00 p.m. London time on September 10, 2009.
- September 7, 2009 - Hamilton, Bermuda Central European Media Enterprises LTD. plans to sell senior notes Central European Media Enterprises Ltd. (NASDAQ and Prague Stock Exchange: CETV) announced today that it plans to make a private placement of fixed rate senior notes in the aggregate principal amount of approximately Euro 150 million (approximately US$ 214.2 million). The Company expects to commence the offering shortly. The Company expects to apply the net proceeds from the offering of the senior notes (i) to repay the Euro 127.5 million (approximately US$ 182 million) principal amount outstanding under the Company’s loan agreements with the European Bank for Reconstruction and Development (EBRD) (and to cancel the EBRD loan agreements and release the security interests in favor of EBRD) and (ii) to repurchase and cancel a portion of the Company’s 8.25% Senior Notes due 2012 or repay other outstanding indebtedness with the remainder of the net proceeds.. The notes will be senior secured obligations of the Company. The senior notes will not be registered under the US Securities Act of 1933 and may not be offered or sold in the US or to US persons absent registration or an applicable exemption from registration requirements.
- July 29, 2009 - Hamilton, Bermuda Central European Media Enterprises Reports Second Quarter And First Half 2009 Results Central European Media Enterprises Ltd. (“CME” or the “Company”) (NASDAQ/Prague Stock Exchange - CETV) today announced financial results for the three months and six months ended June 30, 2009.
- July 28, 2009 - Hamilton, Bermuda Central European Media Enterprises to buy Mediapro Entertainment Central European Media Enterprises Ltd. (“CME” or the “Company”) (Nasdaq/Prague Stock Exchange: CETV) announced today that it has entered into an agreement with MediaPro Management and MediaPro BV, both controlled by Adrian Sarbu, to acquire the MediaPro Entertainment business. MediaPro Entertainment is one of the leading producers and distributors of television fiction and owns one of the largest studio/production facilities in Central and Eastern Europe. In consideration, MediaPro Management and MediaPro BV will receive US$ 10.0 million in cash, 2.2 million shares of CME’s Class A Common Stock and a warrant to purchase up to 850,000 shares of CME’s Class A Common Stock at a price of US$ 21.75, debt assumption of approximately US$ 35.6 million, and the contribution of CME’s 8.7% interest in MediaPro Management and CME’s 10% interest in MediaPro BV.
- July 22, 2009 - Hamilton, Bermuda Central European Media Enterprises Announces Second Quarter 2009 Earnings Release and teleconference Hamilton, Bermuda – July 22, 2009 – Central European Media Enterprises Ltd. (“CME”) (Nasdaq/Prague Stock Exchange: CETV) announced today that it will release its second quarter 2009 financial results before U.S. market hours on Wednesday, July 29, 2009.
- July 2, 2009 - Hamilton, Bermuda Central European Media Enterprises welcomes $100 million investment by Igor Kolomoisky in Ukraine $100 million and 100% of TET TV to be contributed to CME’s Ukraine operations Igor Kolomoisky to become 49% shareholder of the expanded Studio 1+1 Group
- June 22, 2009 - Hamilton, Bermuda Central European Media Enterprises announces that Wallace Macmillan is to step down as Chief Financial Officer of the company. Central European Media Enterprises Ltd. (“CME”) (Nasdaq/Prague Stock Exchange: CETV) announced that, effective July 1, 2009, Wallace Macmillan is stepping down as Chief Financial Officer of the company. Charles R. Frank, Jr. has been named interim CFO. Mr. Frank has served as an independent Director of CME since 2001 and has extensive experience of the finance function through his service on the Audit and Treasury Committees.
- May 18, 2009 - Hamilton, Bermuda and New York, NY Time Warner Inc. Completes US$241.5 Million Investment for 31% Interest in Central European Media Enterprises Ltd., A Leading Central & Eastern European Media Company Central European Media Enterprises Ltd. ("CME") (Nasdaq/Prague Stock Exchange: CETV) and Time Warner Inc. (“Time Warner”) (NYSE:TWX) today announced that Time Warner’s investment in CME, a leading media company in Central and Eastern Europe, has closed. The companies previously announced the signing of the transaction on March 23, 2009
- April 29, 2009 - Hamilton, Bermuda Central European Media Enterprises Reports First Quarter 2009 Results Central European Media Enterprises Ltd. (“CME” or the “Company”) (NASDAQ/Prague Stock Exchange - CETV) today announced financial results for the three months ended March 31, 2009.
- April 22, 2009 - Hamilton, Bermuda Central European Media Enterprises Announces First Quarter 2009 Earnings Release And Teleconference Hamilton, Bermuda – April 22, 2009 – Central European Media Enterprises Ltd. (“CME”) (Nasdaq/Prague Stock Exchange: CETV) announced today that it will release its first quarter 2009 financial results before U.S. market hours on Wednesday, April 29, 2009
- March 23, 2009 - Hamilton, Bermuda and New York, NY Time Warner Inc. To Acquire 31% Interest In Central European Media Enterprises, A Leading Central and Eastern European Media Company HAMILTON, BERMUDA and NEW YORK, NY, March 23, 2009 – Central European Media Enterprises Ltd. ("CME") (Nasdaq/Prague Stock Exchange: CETV) and Time Warner Inc. (NYSE: TWX) today announced that Time Warner will invest US$241.5 million in CME, a leading media company in Central and Eastern Europe.
- March 23, 2009 - Hamilton, Bermuda Central European Media Enterprises Gives Update On First Quarter 2009 Operational Performance Hamilton, Bermuda – March 23, 2009 – In conjunction with the announcement earlier today that Time Warner will invest in Central European Media Enterprises Ltd. (“CME” or the “Company”) (Nasdaq/Prague Stock Exchange: CETV), the Company is providing an update on its expected operational performance for the first quarter of 2009. As CME previously indicated the macroeconomic environment has deteriorated and television advertising spending is now expected to decline in all its markets in 2009. CME expects to report revenues of US$ 135 million to US$ 145 million and Total Segment EBITDA between US$ 18 million and US$ 22 million for the quarter ended March 31, 2009 as compared to revenues of US$ 223 million and Total Segment EBITDA of US$ 75 million for the quarter ended March 31, 2008.
- February 25, 2009 - HAMILTON, BERMUDA Central European Media Enterprises Reports Strong Full-Year Revenues and Ebitda Central European Media Enterprises Ltd. ("CME" or the "Company") (NASDAQ/Prague Stock Exchange - CETV) today announced financial results for the fourth quarter and full-year ended December 31, 2008.
- February 19, 2009 - Hamilton, Bermuda Central European Media Enterprises Announces Fourth Quarter and Full Year 2008 Earnings Release and Teleconference Central European Media Enterprises Ltd. ("CME") (Nasdaq/Prague Stock Exchange: CETV) announced today that it will release its fourth quarter and full year 2008 financial results before U.S. market hours on Wednesday, February 25, 2009.
