CMEs Croatian unit 2011 net revenue up 20% to USD 61.5mn.

By bne IntelliNews February 23, 2012
Central European Media Enterprises (CME) said that its Croatian unit posted 20% higher net revenue of USD 61.5mn last year. In the final quarter of 2011 alone, the net revenue from Croatian operations jumped 14% on the year to USD 19mn, CME said in a statement. The media group is present in six Central and Eastern European markets with an aggregate population of approximately 50 million people. Apart from Croatia, they also include Bulgaria, the Czech Republic, Romania, Slovakia and Slovenia. The groups total net revenue climbed 17% to USD 865mn in 2011. In Croatia, CME runs Nova TV, Doma and Nova World.

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