Central European Media Enterprises (CME), which operates 16 TV channels in 6 countries in Central and Eastern Europe reaching 90 million people, announced that it had completed the purchase of 30% minority interest in the Studio 1+ 1 group in the Ukraine. The purchase increased CME's ownership to 90%.
CME paid $219.6 for the purchase. The Ukrainian media council reissued the station's license to reflect the new ownership structure. CME has an option to buy the remaining 10% for a minimum price of $95.4 million.
CME is traded on the NASDAQ and the Prague Stock Exchange under the ticker symbol CETV.
For more information, go to the Press Release section of FNE.
The Film New Europe (FNE) Association is the networking platform for film professionals in the CEE/SEE/Baltics region. The webportal and FNE newswire was chosen as the MAIN TOOL to achieve the network’s objectives of the sharing of know how, visibility of regional cultural diversity and finally the VOICE of the region.
FNE’s objectives include VISIBILITY for the region and AUDIENCES for films by providing a special focus on the region.