| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
267 |
| Employees |
700 |
| Revenues (TTM) (Millions $) |
644 |
| Net Income (TTM) (Millions $) |
103 |
| Cash Flow (TTM) (Millions $) |
101 |
| Capital Exp. (TTM) (Millions $) |
25 |
Business Description
Central European Media Enterprises Ltd (CME) is a media and entertainment company that operates in Central and Eastern Europe. The company is headquartered in Bermuda and has significant operations in the Czech Republic, Bulgaria, Romania, and Slovakia. It was founded in 1994 by Ronald S. Lauder, an American businessman and philanthropist.
CME is primarily engaged in the production and broadcast of television programming, including news, entertainment, sports, and educational content. The company owns and operates a portfolio of leading television channels, including TV Nova in the Czech Republic, bTV in Bulgaria, and PRO TV in Romania. These channels reach a combined audience of over 40 million people in the region.
CME has a significant presence in the advertising market in Central and Eastern Europe, generating revenue through advertising on its TV channels and online platforms. The company has also expanded into digital media in recent years, acquiring several online media properties and investing in digital advertising technology.
CME is a publicly traded company, listed on the NASDAQ exchange under the ticker symbol CETV. The company has a market capitalization of approximately $650 million as of 2021. The largest shareholder of CME is the Czech billionaire Petr Kellner, who owns a 33% stake in the company.
CME has faced significant challenges in recent years, including increased competition from digital media and declining viewership of traditional television. In 2019, the company announced that it would be sold to the Czech investment group PPF Group for $2.1 billion. The sale was completed in 2020, with CME becoming a wholly-owned subsidiary of PPF. The company has since undergone a restructuring in an effort to improve its financial performance and position itself for growth in the rapidly changing media landscape.
Company Address: 3 Bermudiana Road, Â Hamilton, 0
Company Phone Number: 296-1431 Stock Exchange / Ticker: NASDAQ CETV
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