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Central European Media Enterprises

FT: A business groomed for success (18.7.2005)

"Ronald Lauder wants to make something clear. Central European Media Enterprises is not for sale."

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Central European Media Enterprises, the pioneering international television broadcasting company, operates the leading group of networks and stations across Central and Eastern Europe.

* Launched in 1994, CME was committed to Ronald Lauder’s view that the newly-democratized nations of the former Soviet bloc were hungry to view, and ready to support, independent television broadcasting.

* Prior to CME’s arrival, the region had known only state-controlled broadcasting monopolies and therefore state controlled information.

* The company's belief that viewers in the region wanted an independent voice proved accurate beyond expectations.

*Today, CME and its partners operate nine networks in six countries, with news and information programming at the heart of every operation. CME and its partners are market leaders in Romania, the Slovak Republic, Slovenia, Ukraine and the Czech Republic. Along with its local partners, CME operates:

- Nova TV in Croatia,
- TV Nova in the Czech Republic,
- PRO TV, Acasa and PRO CINEMA in Romania,
- Markiza TV in the Slovak Republic,
- POP TV and Kanal A in Slovenia and
- Studio 1+1 in Ukraine.

* CME is a Bermuda company, with subsidiaries in the Netherlands, London and in each operating country.

* CME’s non-executive Chairman is Ronald S. Lauder, founder and Chairman of the Board of Directors. Michael Garin is Chief Executive Officer, and Robert E. Burke, President and Chief Operating Officer.

* CME is traded in New York on the Nasdaq exchange and in the Czech Republic on the Prague Stock Exchange under the ticker symbol “CETV”.

* CME's award-winning stations reach approximately 90 million people in markets with an estimated combined television advertising spend of approximately US$ 800 million in 2004.

* CME’s total station EBITDA margins are running over 30%, perhaps the best in broadcast television in Europe, with all established stations self financing and delivering positive cash to the holding company.

* The company’s successful business strategy is based on working closely with local partners and placing an emphasis on broadcasting locally-produced programming. Some of the biggest celebrities in Central and Eastern Europe are news anchors and program presenters on CME stations.

Source: CME