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.
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