In the second quarter of 2012, its turnover amounted to $36.3 million and its OIBDA hit $5 million.
ProTV S.A owns television stations ProTV, Acasa TV, Acasa Gold TV, Procinema, Sport.ro, ProTV International, ProTV Chisinau and MTV Romania.
CME reported $378 million in turnover in the first half of 2012. Its OIBDA stood at $61.2 million. In the second quarter of the year, CME’s turnover reached $211.2 million and its OIBDA hit $47.1 million.
“By July 3, 2012 we had completed transactions with our major shareholders, Time Warner and Ronald Lauder, which reduced our debt by $185 million. Despite a 7% decline in advertising spending for the first half, our revenues year-on-year were flat in constant currencies, driven by growth in Media Pro Entertainment and New Media, where Voyo became a leader in the subscription video-on-demand segment. In the second half of the year, we will continue to focus on deleveraging, maintaining our leading audience and market shares, expanding non-advertising revenues, and delivering positive free cash flow,” said CME president and CEO Adrian Sarbu.
CME is a vertically integrated media company operating a leading broadcast, content and new media business in six Central and Eastern European countries with an aggregate population of approximately 50 million people.
CME television stations 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 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 and Doma), Slovenia (POP TV, Kanal A and the POP NON STOP subscription package).
CME has three divisions – broadcasting (television channels), Media Pro Entertainment and New Media. Its broadcasting division registered revenues of $329 million in the first half of the year. Media Pro Entertainment and New Media posted revenues of $96 million and $9 million, respectively.
CME is traded on the NASDAQ and the Prague Stock Exchange under the ticker symbol “CETV.”
Adrian Sarbu also owns Romanian financial daily Ziarul Financiar and news agency Mediafax.