31-10-2014

CME Announces Continued Revenue Growth

By

    PRAGUE: Central European Media Enterprises reported another quarter of rising revenues, with 2014 quarter three net revenues up 7 percent over 2013, at 140m USD.

    CME reported revenue and OBIDA growth in all territories except Slovenia, with significant growth occurring in Slovakia, Romania, and the Czech Republic.

    Co-CEO Michael Del Nin said in a statement, “"This quarter’s financial results continue to reflect the strong turnaround in our operations. In fact, as a whole, this is our most impressive quarter so far this year."

    CME stock posted an immediate uptick on the Prague Stock Exchange rising 2 percent, before the start of the trading day in New York.

    CME broadcasts 33 TV channels in six CEE countries: Bulgaria, Croatia, Czech Republic, Romania, Slovakia and Slovenia.