PRAGUE Feb 27 Central European Media
Enterprises (CME) made significant downward
revisions in its estimates of cash flows from its operations
after a lack of recovery in the fourth made the outlook less
CME posted a record $494.2 million net loss for the fourth
quarter earlier in the day after taking a non-cash $522.5
million impairment charge.
The broadcaster said in a regulatory filing the impairments
included $297.9 million related to goodwill in Bulgaria and the
Czech Republic and $180.6 million to fully impair broadcast
licenses in Bulgaria, Romania and Slovakia.