CME net revenue from Czech operations falls 15.9% y/y in H1.

By bne IntelliNews August 2, 2012
Bermuda-registered emerging markets TV broadcaster Central European Media Enterprises (CME) said its net revenue from broadcasting operations in the Czech Republic fell 15.9% y/y in the first half of 2012 to USD 118.1mn. The company's operating income before depreciation and amortisation (OIBDA) dropped 22.5% on the year to USD 51.6mn in H1 2012. In Q2 alone, CME's Czech net revenue fell 19.7% y/y to USD 66.4mn and OIBDA dropped 28.4% to USD 31.4mn. CME, partly owned by Time Warner Inc., is a media and entertainment company operating leading broadcasting, content and new media businesses in six central and eastern European countries with an aggregate population of approximately 50 million people. In the Czech Republic, CME owns TV stations TV Nova, Nova Cinema, Nova Sport, Fanda and MTV Czech. CME is listed on the NASDAQ and the Prague Stock Exchange.

Related Articles

Czech CSSD proposes 2014 general and European elections to be held together.

Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more

Tesco Czech faces fine for selling products containing undeclared horsemeat

The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more

Czech Senate votes to limit immunity of lawmakers, judges.

The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss