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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Central European Media Enterprises Ltd.
Type
Public
Traded as NASDAQ: CETV
PSE: CETV
Industry Media
Founded 1991
Headquarters Hamilton, Bermuda
London, United Kingdom CME Media Services Limited
Amsterdam, Netherlands
CME Media Enterprises BV Prague, Czech Republic CME Media Services Limited
Key people
Christoph Mainusch & Michael Del Nin (Co-CEOs),
David Sturgeon, CFO
Products Television broadcasting; content production; New Media
Revenue Increase $638 million (2016)
Owner Time Warner (42.8%).
Number of employees
2,950¹ at 31 December 2016
Website Official website

Central European Media Enterprises Ltd. (CME) is a Bermudan media and entertainment company operating in Central and Eastern Europe. A precursor to CME, Central European Development Corporation, was co-founded by Ronald Lauder and Mark Palmer in 1991. It was incorporated as CME in the Netherlands in 1991 and reincorporated when it changed its headquarters to Bermuda in 1994. The business is managed on a geographical basis, with continuing operations in four operating segments, Bulgaria, the Czech Republic, Romania and the Slovak Republic, which are also the main operating countries. The company is listed on NASDAQ and Prague Stock Exchange under the ticker symbol CETV.

Central European Media Enterprises Ltd. was originally incorporated in Germany as CEDC GmbH (Central European Development Corporation) in 1991. That same year it changed its name and reincorporated in the Netherlands as Central European Media Enterprises (CME). Objections brought by the Czech Republic over the legal distinguishing of the two corporations were rejected by the International Court of Arbitration of the International Chamber of Commerce as irrelevant.

CEDC GmbH's capital interests were all transferred to CME on July the 28th, 1994. CME moved its headquarters and reincorporated in Bermuda later that year.

CME is the broadcast market leader in every country where it has television stations. It started broadcasting its first channel in the Czech Republic in 1994. CME operates 27 television channels broadcasting to more than 40 million people across its four markets. CME develops and produces content for its television channels, and its content is also consumed through subscription- and advertising-based platforms.

On 23 March 2009, Time Warner announced that it would invest $241.5 million, for a 31% stake, in CME.

Two years later on 3 March 2011, Time Warner bought another 3.1 million shares taking its stake in CME up to 34.4% with around 47 percent of voting rights and a total of 22.1 million shares.

In July 2012 CME exercised its put option and Time Warner increased its economic interest in CME to 49.9%.

During the second quarter of 2013, Time Warner maintained its 49.9% voting interest during a public offering of CME Class A Shares, and additionally purchased 200,000 shares of Series B Convertible Redeemable Preferred Stock in a private placement.

During a rights offering and private placement in 2014, Time Warner increased its economic ownership on a diluted basis to approximately 75%.

International financier Raymond Staples through his global investment firm, TMP Holdings, Inc. was one of the early investors in CETV stock.


Directors

Independents

Investment goal date:
Dividends reinvested
Central European Media Enterprises Ltd. CETV report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q4 2017
2018-02-07
--
--
Q3 2017
2017-10-24
0.0000
-0.0300
Q2 2017
2017-07-25
0.0000
0.0900
Q1 2017
2017-04-26
0.0000
-0.0900
Q4 2016
2017-02-09
0.0000
0.0900
Q3 2016
2016-10-25
0.0000
-0.0900
Q2 2016
2016-07-26
0.0000
-0.9100
Q1 2016
2016-04-27
0.0000
-0.3100
Q4 2015
2016-02-22
0.0000
-0.0200
Q3 2015
2015-10-27
0.0000
-0.1700
Q2 2015
2015-07-29
0.0000
-0.1100
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
Bank of New York Mellon Corp
340747
BlackRock Fund Advisors
2470675
BlackRock Inc.
3401785
BlackRock Institutional Trust Company, N.A.
658124
Capital World Investors
2220000
DIMENSIONAL FUND ADVISORS LP
516123
DISCOVERY CAPITAL MANAGEMENT, LLC / CT
4961047
GEODE CAPITAL MANAGEMENT, LLC
614433
HENDERSON GROUP PLC
560473
Neon Liberty Capital Management LLC
6481360
NORTHERN TRUST CORP
872755
PRICE T ROWE ASSOCIATES INC /MD/
1481600
STATE STREET CORP
1221066
TCS CAPITAL MANAGEMENT LLC
18137023
Vanguard Group, Inc
1253795
Major Shareholders
Name Relationship
Total Shares
Holding stocks