Info

Central European Media Enterprises Ltd. (CME) invests in, develops and operates commercial television channels in Central and Eastern Europe. As of December 31, 2007, the Company had operations in Croatia, the Czech Republic, Romania, the Slovak Republic, Slovenia and Ukraine. Its assets are held through a series of Dutch and Netherlands Antilles holding companies. In each market, in which the Company operates, it has ownership interests in license companies and operating companies. Operations are conducted either by the license companies themselves or by separate operating companies. CME generates revenues primarily through acquiring programming for broadcast by the corresponding license company and entering into agreements with advertisers and advertising agencies on behalf of the license company. Other than in Slovenia, the license company also acts as an operating company. On October 17, 2008, the Company completed the purchase of the remaining 10% of the Studio 1+1 group.