TV Still a Star for CME

.

Central European Media (CME), which owns and operates a number of television stations across emerging Europe, including TV Nova in the Czech Republic, bTV in Bulgaria and Pro TV in Romania, has announced a big increase in revenue for the third quarter of 2017.

The company’s latest results, from continuing operations after the company announced the sale of its Croatian and Slovenian operations earlier this year, showed operating income before depreciation and amortisation (OIBDA) at 25.1 million US dollars. Net revenue for the quarter increased 11 per cent to 119.4 million US dollars.

“Our strong momentum from the first half of 2017 continued through the third quarter, positioning us very well as we head into the final months of the year, providing a very solid base as we look to grow further in 2018,” said Michael Del Nin, CME’s co-CEO.  “As a result of strong gains in OIBDA and unlevered free cash flow, we are able to raise our guidance for the full year, and with our net leverage ratio now below 6x, we will see our average borrowing cost decline by 125 basis points to 6 per cent, its lowest level in eight years.”

Christoph Mainusch, co-CEO, added: “Our operations posted very strong results through the summer, culminating in one of the most successful launches to our fall season and contributing to higher audience shares so far this year in three out of four territories. We are investing in content because audiences continue to demand high quality local productions, but have mostly offset that with other savings to improve profitability.”

CME’s growth is primarily a result of an increase in TV advertising revenues, up by 10 per cent. An increase in carriage fees and subscriptions has also boosted revenue. CME agreed to sell its broadcast interests in Croatia (Nova TV) and Slovenia (Pop TV) to Slovenia Broadband, a subsidiary of United Group, for 230 million US dollars earlier in 2017.

CME continues to operate in four markets, with an aggregate audience of more than 40 million across emerging Europe. CME operations broadcast more than 20 television channels in Bulgaria (bTV, bTV Cinema, bTV Comedy, bTV Action, bTV Lady and Ring), the Czech Republic (Nova, Nova 2, Nova Cinema, Nova Sport 1, Nova Sport 2, Nova International, Nova Action and Nova Gold), Romania (Pro TV, Pro 2, Pro X, MTV Romania, Pro TV Chisinau and Pro 2 Moldova) and Slovakia (TV Markíza, Markíza International, Doma and Dajto).

CME’s Romanian operation has seen the biggest growth this year (22.9 per cent in the third quarter) and has overtaken the Czech Republic as the company’s biggest earner. OIBDA for Romania in the third quarter stood at 15.5 million US dollars, compared to 12.6 million US dollars in the Czech Republic.

RELATED ARTICLES

The Polish Government’s Mid-Term Report: Must Do Better

Front of finance ministry in Warsaw Poland with a fountain framing the entrance. Could be used for images about Euro currency problems

IMF Wants Banking Sector Reform in Western Balkans

croatia national bank

Belarus-Turkey Investment Forum to increase investment and trade between the two countries

Beyond Borders: Immigration Within the EU

refugees immigrants

Hungary Seen as Riskiest Country in CEE

risk

Visegrad Group Looks East

Tech Giant Expands Romanian Operations

Meghri Becomes Armenia’s Third FEZ

armenia emerging europe

Romania’s Budget Deficit ‘Should Start Alarm Bells Ringing’

BUCHAREST ROMANIA - June 29 2017: Romanian Prime Minister Mihai Tudose during a swearing-in ceremony at Cotroceni palace in Bucharest capital of Romania June 29 2017.

Putin Urges Belarus to End Oil Transit Through Lithuania

Athens Greece - May 27 2016: Russian President Vladimir Putin delivers

GE Inaugurates Its New Bucharest Software Centre

Asian Outsource Developer Team Sitting At Desk Working Laptop Computer Mobile Application Software Real Office

Larisa Manastirli: Where is Bulgaria After Ten Years in the EU?

Georgian PM Reshapes and Reshuffles Cabinet

Giorgi Kvirikashvili

Chris Lowney — What Jesuit Spirituality Can Teach Us About Global Leadership

Derek Chollet: There Is a Resurgence of Supporters of the Transatlantic Relationship

white house

Revenues Of Bulgarian IT Companies Have Sextupled In the Last Decade

GSA Names Ukraine as UK’s Offshoring Destination of the Year

map of ukraine emerging europe

CEE Lags in Business Connectivity

ANIS romanian ICT

Air Passenger Volumes Reach Record High in the Baltics

airbaltic

Lech Wałęsa: Hard Options Can Force Nations to Get Down to Work

Euroscepticism in Serbia: An Image Problem?

Why Was Zapad-2017 So Important?

russian tank belarus zapad

Nadiya Savchenko: I Dream of a Great Ukraine

Panorama of the top part of the Andrew's Descent from Castle Hill in springtime in Kiev Ukraine.

High-Tech Park in Minsk is growing rapidly

Slovenia is the CEE region’s leader in VAT collection

Serbia Drafts New Competition Law

serbia belgrade flag

EBRD Finances Small Business Support And Foreign Trade Promotion In Belarus

Ametek opened a new factory in Subotica

All for One, and One for All

GE

Emerging Europe Makes Some Progress on Closing Gender Gap

world economic forum gender gap report

Plovdiv — an emerging outsourcing destination

EconMin: Bulgaria — Number One Outsourcing Destination And an Island of Stability in Europe

PE and VC Investment In CEE Is At an Eight-Year High

venture capital

Emerging Europe Makes Great Strides in Improving Business Regulation for Entrepreneurs

Skopje Macedonia

Industrial Production Prices in New Increase

electricity

e-Estonia: Believe the Hype

The Czech government attracts FDI and creates jobs

Regional News Outlets: The Real Target of Poland’s New Media Law?

poland media

SEE Link — Sharing SEE Europe’s Hopes for a Brighter Investment Future

Globalisation Needs to Work, Not Only for the Few but for the Most and in Demonstrable Ways

Global Spread

Baltics Seek Lockstep With High Tech States

Euro money: Macro view of euro coin and bill. Suitable for financial, monetary, euro or European Union concepts and ideas

Azerbaijan, Georgia, Turkey Launch New ‘Silk Rail’ Link

Lithuania Gives Innovation a StartUp

MILAN ITALY - MAY 2: People visit Lithuania pavilion at Expo universal exposition on the theme of food on MAY 2 2015 in Milan.

Estonia Leading CEE Country in WEF Competitiveness Index

pharmaceutical factory woman worker operating production line at pharmacy industry manufacture factory

Poland’s Business Constitution Must Be Finalised

Front of finance ministry in Warsaw Poland with a fountain framing the entrance. Could be used for images about Euro currency problems

Latvia Urged Not to Increase Expenditure As Economy Grows

Riga, Latvia - August, 2010: Panorama view from Riga cathedral on old town of Riga, Latvia

Baltic Bank Merger May Tempt Polish Heavyweight

DNB Bank Vilnius

Ukraine to Make New Privatisation Push

Poland Fails to Spend Billions of Euros in EU Funds

euro banknotes

Estonia Leads Baltics in Cutting Sugar in Food and Drink

Košice Business Matchmaking Event Brings in Hungarians

kosice, slovakia

Montenegro Accelerates Legal Reform

montenegro law reform

Warsaw Rising: The Polish Capital’s Skyline Gets Even Taller

varso

World Bank’s Doing Business Report 2016 Resume For Emerging Europe

Poles Still Keen on German Jobs

Brandenburg Gate in Berlin in Germany. The Brandenburg Gate is a triumphal arch a city gate in the center of Berlin. It is one of the most known sites in Berlin.

Chickens Blamed for Romanian Budget Deficit

Two white chickens or hens inside a chicken coop or hen house seen through chicken wire.

CEE Tech Growth Continues: Poland and the Czech Republic Lead the Way

technology

Poland to Switch from Emerging to Developed Market by September 2018

warsaw stock exchange

Growth Continues for State-Owned Azerbaijan Airlines

Azerbaijan Baku - September 16 2015: View of the Heydar Aliyev International Airport sign in Baku Azerbaijan. The airport is the home of Azerbaijan Airlines the national flag carrier.

Emerging Europe to Record Positive Growth Across the Board in 2018

coins growth

Ukraine to Restart Privatisation to Realise Profits

Pricatisation electricity ukraine

Poland’s Flying Circus

airport poland

Lithuania Set to Streamline Competition Legislation

Industrial dock with cranes on the quay

Lithuania Handed Top Marks for Business Services

Beautiful panorama of Vilnius Old Town taken from Gediminas hill; Lithuania

Bloomberg Croatia Business Day 2015

EU: Consumption Still Driving Growth

Albania’s Economy Booms Despite Political Infighting

Panorama view to the city Tirana Albania

EU Commissioner Launches Veiled Attack on Poland and Hungary

eu commission

Measure, Strengthen, and Grow

dacia brand

IMF Urges Croatia to Speed Up Reform

croatia

Is Prague the New Face of Overtourism?

prague tourists

Prospering Czechia Still Needs a Bigger Workforce

prague emerging europe

Lithuania Wants to Bring Home its Skilled Workers

VILNIUS - FEBRUARY 25: Many people choose books at the indoor book

Non-Financial Reporting No Longer a Secondary Consideration in CEE

Still Potential for Growth in CEE as Economies Stabilise

Economic Confidence Rises Across Eurozone

Bad Payers Still Causing Problems for Romanian Firms

Close up Romanian currency note, LEI or LEU, Romania

Polish Shoppers in Hunt for Eggs

eggs in rack

More Brexit Fears As the UK Proves To Be A Needed Member

City of London view from Waterloo Bridge. This view includes: St. Paul`s Cathedral The Gherkin Tower 42 and Blackfriars Bridge.

Young Georgians Make Their Mark at Emerging Europe-EBRD Event

maximilien lambertson at emergeing ebrd outlook on georgia

Bulgaria’s cooperation with Israel could boost the economy

The Azerbaijani Laundromat: Why It Matters

azerbaijani money laundering

Economy Minister: Internationalisation Is the Key To the Slovenian Economy

Global Players Dash for Tempting CEE

dollar pound euro coin on euro background.

Effective Policies Have Strengthened the Georgian Economy

TBILISI GEORGIA Jul. 18 2017: Bridge of Peace is a bow-shaped pedestrian bridge a steel and glass construction over the Kura River in downtown Tbilisi capital of Georgia

Czech Republic Raises Interest Rates

czech koruna

CEE Must Improve Infrastructure and Logistics

Aerial view of Gliwice Sosnica motorway junction. There are international traffic in four directions

ICT Growth Continues to Boost Bosnian Economy

ict, it

Czechs Hold Emerging Europe’s Most Powerful Passport

Investigations Into the Corrupt Ukrainian Fuel and Energy Sectors

Ukrainian money hryvnia. The national currency. Corruption in Ukraine

Automotive and Transport Companies Dominate the CEE Region

Car bodies on the production line inside automobile factory

Investing in Ukrainian Food and Agriculture

Doing Business Across Eurasia Could Be Easier

Eurasia emerging europe schneider group

Changes Are Making Ukrainian Banking More Aligned with International Standards

Estonia Proposes Bill of Rights and Responsibilities for Robots

Robotic hand accessing on laptop the virtual world of information. Concept of artificial intelligence and replacement of humans by machines.

Continental Launch Largest Ever Lithuanian Greenfield Investment

kaunas lithuania

Estonia — Easy Doing Business Destination seminar in the UK

Lviv Region in Double Logistics Boost

goods train logistics

CEE Is Key to China’s Belt and Road Initiative

Shanghai skyline Panoramic view of shanghai skyline and huangpu river Shanghai China

Polish Labour Market Deficits Are Impacting All

Construction site with crane and building. Construction site in western europe - in Poland.

CEE Boosted by Positive Tourism Trends Across the Region

cruise ship in Kotor Bay Montenegro. Aerial view panorama. Kotor bay Montenegro.

Serbia, Belarus and Ukraine Ranked Lowly by Wharton Business School

Kyiv Ukraine - April 172017: The postal square in Kiev on Podol the Dnipro river. view of the square from the river panorama

Fitch And the World Bank: Economic Growth To Remain Solid Within CEE In 2016

Croatian Salaries Are Growing in Line With Other CEE Countries

Dubrovnik Croatia emerging europe

Belarus is the most creative EEU country

High Real Estate Prices at Home Force Czech Investors Abroad

Construction of the Petrin lookout tower in Prague Czech Republic

Macedonia — Stepping Out Of the Shadow Of the Balkans

HSBC Reports CEE Growth Surge in Q3

romania national bank

Valga and Valka – Where Estonia and Latvia Work Together

Valga valka emerging europe

Digital Business Space Gives All Businesses an Office in Sarajevo

Sarajevo Bosnia and Herzegovina - August 24 2015. View from Vraca Memorial Park with building of Avaz Twist Tower

Kraków: Officially Emerging Europe’s Most Elegant City

Krakow. Image of Krakow Market square, Poland during sunrise.

The Reality in Romania Exposes False Perceptions Of The Country

Moldova Launches New e-Procurement System In Search For Positive Change

Photo team work process, holding contract hand, signs documents. Account managers young crew works with startup project.New idea presentation, analyze marketing reports.Blurred, film effect, horizontal.

Albania is creating three free economic zones

China Agrees to Build High-Tech Business Park in Serbia

BELGRADE SERBIA - SEPTEMBER 29 2016: View on the city center and the junction of Rivers Sava and Danube in Belgrade Serbia.

Hungary Today: Potential and Challenge

Chain bridge on Danube river in Budapest city. Hungary. Urban landscape panorama with old buildings and domes of opera

Romania Cuts Income Tax, Introduces Solidarity Tax

CLUJ NAPOKA ROMANIA - OCT 2 2016: People on the central street of Cluj Napoka - the unofficial capital of Transylvania.

Czech Election Result Could Delay Euro Adoption Until 2025

czech banknotes nominal value two and five thousand crowns on white background. 300 000 Kc is approximately 12 450 US dollars (USD) or 11 100 Euro (EUR)

Slovakia: Growth Continues But Problems Remain

Chinese Electric Car Maker Seeks Emerging Europe Base

zhi dou d2

Bulgaria: Real Estate’s New Frontier?

EU May Offer Georgia, Moldova and Ukraine Customs Union and Schengen Access

schengen

The Slovak Matchmaking Fair open for registration

Economy builds bridges in Mostar

Western Ukraine Could Be an Entry Point into the Country

Sarajevo Stock Exchange Connected to SEE Link

sarajevo stock exchange

Latvian Deputy Prime Minister Highlights Riga’s Potential

riga

Bosnia and Herzegovina: Focussing on Stability and Business Climate

Sarajevo Bosnia and Herzegovina - August 23 2015. View of Miljacka River in Sarajevo city

CEE Nation Brands Still Behind Western Counterparts

TALLINN ESTONIA- JUNE 17: View of the modern high rise buildings on border with an old part of the city on June 17 2012 in Tallinn Estonia

Go East

Ukraine’s Finance Ministry Wants Urgent Tax Reform

IMF Increases Growth Forecast With Emerging Europe Prominent

Dambovita river and center of Bucharest at sunset time Romania.

Merkel: Albania is taking big steps forward

Kosovo: A Population of Talented Young Entrepreneurs Waits at Europe’s Door

CEE-Benefits and Disadvantages of Joining the Eurozone

forint zloty euro

Towards a resilient Europe, strategies for the future

IMF Believes State-Owned Enterprises Must Be Reformed

Image of the banknotes of new Belarusian banknotes five rubles put into circulation July 1 2016

Foreigners choose Minsk and Gomel as Belarus’ most attractive FDI destinations

Ukraine Is Offering Europe Unique Combat and Technological Experience

Mayor: Armenia And Its Capital Yerevan Offer Safe Investment And Tourism To a Growing World

Jadranka Joksimović: Serbia Takes Its Candidacy of the EU Seriously

bigstock-Joint-Press-Conference-Of-Serb-155400338.jpg

Poland’s Q2 2017 Growth Is Stronger Than Expected

WARSAW, POLAND - MAY 07, 2016: Building Palace of Culture and Science among the modern buildings of the city

IMF: Institutions Key to Sustainable Growth

IMF

A Risky Evaluation of Croatia’s Economy?

ZAGREB, CROATIA - JULY 17, 2017: Square Ban Josip Jelacic with tourists and trams on a summer day in Zagreb. City of Zagreb is the capital of Croatia.

Ukraine’s Q2 Growth Climbs

kyiv ukraine emerging europe

Despite Public Anxieties, Migration is Playing a Key Role in ECA Growth

Bratislava city aerial panoramic view. Bratislava is the capital of Slovakia.

Kaczyński Defends PiS Record

New investors interested in Belarus’ Great Stone Industrial Park

Belarus’ Economy Is Slowly Recovering From Past Declines

CEE Emigrants Could Boost Their Countries’ Economies

Londoners walking through Millennium Bridge with St.Paul's Cathedral at the background after sunset - London, UK

Budget Chaos Hits Romanian Leu

Different Romanian Lei Banknotes on the table

Ukraine’s Economic Recovery: Good, But Slow

ukraine money

Hungary’s Solar Dreamer

hand sun and blue sky with copyspace showing freedom or solar power concept

Slovenia Sets Green Vehicle Deadline of 2030

ljubljana

Albania’s Construction Sector Supports the Country’s Growth

SARANDA, ALBANIA - MAY 18: View of the city Saranda, most important tourist attraction of the Albanian Riviera on May 18, 2017 in Saranda, Albania.

World Bank: Brexit Hides Greater Challenges to the European Union and the CEE Region

Georgia Leads Emerging Europe in Ease of Doing Business Report

Baltic States to Launch Combined Capital Market

capital markets

Škoda too Strong for VW Group

MLADA BOLESLAV CZECH REPUBLIC - MAY 30: Skoda Octavia on conveyor line during Doors Open Day at Skoda Auto a.s. factory. Skoda auto celebrated 120 years since its founding on May 30 2015 in Mlada Boleslav.

‘Traditional Values’: A Potent Weapon Against LGBT Rights

gay rights putin

Do Your Homework First and Starting Business in Poland is Easier

UK Economic Growth Slows as Brexit Uncertainty Bites

flags of UK and EU combined over icons of London - Brexit concept

One in Five Poles Unaware of Source of Funds for 500 Plus Programme

Bulgaria and Romania Get EBRD SME Boost

Startup Diversity Teamwork Brainstorming Meeting Concept

Sunday Trading in Poland Under Renewed Threat

Does the Sceptre of Separatism Haunt Emerging Europe?

Szekely Land Flag

Emerging Europe Back on Track to Convergence

wiiw

Budapest’s Property Boom Goes Nationwide

building

Romanian Economy Grows Fast in 2017

Brasov cityscape panoramic and aerial view over medieval architecture of Brasov town, in Transylvania Romania

Belarus Introduces New Business-Friendly Auditing Procedures

MINSK, BELARUS - AUGUST 15, 2016: Aerial view of the southwestern part of the Minsk with Palace of Sport and old and new other buildings. Minsk is the capital and largest city of Belarus.

EY: Belarus’ IT Scene Is Thriving

High tech park minsk

Poland Stays Cool on Euro Adoption

Euro cash and Zloty on one photo.

Romanian Cabinet Reshuffled as New Splits Emerge in Ruling Party

BUCHAREST ROMANIA - MAY 25 2014: The Victoria Palace. Victoria Square.

Poland Is Set To Become a Large Economic Zone

Aerial view over the building materials processing factory. View from above.

Estcoin: Estonia’s Own Digital Currency?

1 euro coin money (EUR) currency of European Union Estonia over blue background

Retail Rents Rise Across Emerging Europe

Na Prikope Prague

Business Standards Are High in SEE But Vary Widely

Aerial view of The Cathedral of the Assumption in Varna

German Multivac invests €15 million near Sofia

Belarus Steps Up Liberalisation of Business

belarus

Romanian Car Maker Dacia Sees Sales Boom

Sables d Olonne France - May 07 2017 : Dacia Tour 2017 is a commercial operation organized by the car builder in order to present its cars throughout France - Close-up on cars

Georgia’s Growth Continues

Batumi, Adjara, Georgia - May 27, 2016: Batumi, Adjara, Georgia. Gogebashvili Street Road And Marine Station Or Maritime Station Building Batumi On Background

After Economic Shocks Armenia Plans for Macroeconomic Stability

yerevan armenia minister of finance

Growth Increase Offers Glimmer of Hope for Moldova

chisinau

Lviv Is the Pearl and the Soul of Ukraine

21st century Manufacturing Arrives at Great Stone

Great stone

EU Membership and Transition into Market Economies Have Helped CEE Achieve Social Progress

Trans Adriatic Pipeline Will Fuel Albanian Growth

Xanthi. Greece - July 30 2017: aerial view of construction of gas pipeline Trans Adriatic Pipeline - TAP in north Greece. The pipeline starts from the Caspian sea and reaches the coast of southern Italy

More EU Help for Belarus SMEs

GRODNO BELARUS - DECEMBER 13 2013: Seamstress in textile factory sewing with a industrial sewing machine .

Slovenia is CEE’s leader in innovation

Leave a Reply

Your email address will not be published. Required fields are marked *