In the fourth quarter alone, ProTV posted net revenues of almost $42 million and OIBDA of $0.8 million.
ProTV owns television stations ProTV, Acasa TV, Acasa Gold TV, Procinema, Sport.ro, ProTV International, ProTV Chisinau and MTV Romania.
CME, which is listed on Nasdaq and the Prague Stock Exchange, has media operations in six countries in the Central and Eastern Europe with an aggregate population of approximately 50 million people. The group posted OIBDA of $125.4 million and net revenues of $772 million in 2012. In the last quarter, net revenues amounted to $253.3 million, while OIBDA was $60.7 million.
“As guided in November, our performance this year reflected the tough market conditions in 2012. Challenging times require bold actions: increasing advertising prices and carriage fees,” said Adrian Sarbu, CME’s President and Chief Executive Officer.
“With strong leadership positions in all our markets, no debt due until November 2015 and the support of our major shareholders, we are looking forward into 2013 with confidence that we can build upon our strengths and increase our revenues. We are planning to restructure our operating model, to reduce the cost base and improve our capital structure and liquidity.”
CME’s broadcast operations are located in Bulgaria (bTV, bTV Cinema, bTV Comedy, bTV Action, bTV Lady and Ring.bg), Croatia (Nova TV, Doma and Nova World), the Czech Republic (TV Nova, Nova Cinema, Nova Sport, Fanda, Smichov, Telka and MTV Czech), Romania (PRO TV, PRO TV International, Acasa, Acasa Gold, PRO Cinema, Sport.ro, MTV Romania and PRO TV Chisinau Moldova), the Slovak Republic (TV Markíza, Doma, Dajto and Fooor), and Slovenia (POP TV, Kanal A and the POP NON STOP subscription package). CME also operates Voyo, the pan-regional video-on-demand service.
CME has three divisions: Broadcast, Media Pro Entertainment (the production and distribution business) and New Media. The broadcast unit had net revenues of $665.3 million in 2012, while Media Pro Entertainment and New Media divisions registered revenues of $205 million and $18.7 million respectively.
Adrian Sarbu also owns Romanian financial daily Ziarul Financiar and news agency Mediafax.