Key Developments: Central European Media Enterprises Ltd (CETV.O)

CETV.O on Nasdaq

2.58USD
11 Jul 2014
Price Change (% chg)

$-0.03 (-1.15%)
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$2.61
Open
$2.59
Day's High
$2.62
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$2.55
Volume
328,504
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660,038
52-wk High
$6.65
52-wk Low
$2.03

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Latest Key Developments (Source: Significant Developments)

Central European Media Enterprises announces the appointment of David Sturgeon as Chief Financial Officer
Thursday, 5 Jun 2014 07:56am EDT 

Central European Media Enterprises Ltd:Appoints David Sturgeon as Chief Financial Officer.Sturgeon has served as the acting Chief Financial Officer since Oct. 29, 2013 and also was Deputy Chief Financial Officer from July 2009.  Full Article

Central European Media Enterprises Ltd announces closing of its rights offering
Friday, 2 May 2014 08:19am EDT 

Central European Media Enterprises Ltd:Shareholders purchased 2,852,168 units in rights offering.Remaining 566,299 units not subscribed for in rights offering were purchased by Time Warner as part of their backstop purchase commitment.In addition CME issued $400 mln aggregate original principal amount of 15 pct senior secured notes due 2017.Net proceeds from these transactions of about $386.2 mln.  Full Article

Central European Media Enterprises Ltd announces appointment John K. Billock as chairman
Tuesday, 15 Apr 2014 10:00am EDT 

Central European Media Enterprises Ltd:Announced that John K. Billock has been appointed to CME's Board of Directors and will serve as the non-executive Chairman of the Board.  Full Article

Central European Media Enterprises Ltd announces resignation of chairman Ronald s. Lauder
Friday, 14 Mar 2014 01:00pm EDT 

Central European Media Enterprises Ltd:Ronald S. Lauder, non-executive chairman of the Board, is resigning from the company's Board.  Full Article

Central European Media Enterprises Ltd announces refinancing of 2016 notes with proceeds from rights offering and financing provided by time warner
Friday, 28 Feb 2014 07:45am EST 

Central European Media Enterprises Ltd:To finance the redemption of its 272,972,000 Euro aggregate principal amount of 11.625 pct senior notes due 2016 and to provide additional liquidity, CME has entered into agreements with Time Warner Inc. and one of its affiliates and filed a rights offering registration statement.Rights offering and related transactions to be undertaken pursuant to these agreements are subject to certain conditions described below.Expects to raise gross proceeds from the rights offering and the purchase of units by Time Warner of about $396.8 mln, which is equal to the amount of principal and early redemption premium payable to redeem the 2016 Notes (at Feb. 21, 2014 exchange rates).In addition, CME will issue 84 mln unit warrants in the rights offering and the time warner private placement.Principal purpose of these financing transactions is to enhance CME's overall liquidity and cash flow by refinancing the remaining 2016 Notes, which are cash pay indebtedness, with non-cash pay indebtedness, including the New Notes, and to provide funds for general corporate purposes.  Full Article

Central European Media Enterprises Ltd Lowers FY 2013 Guidance-Conference Call
Wednesday, 30 Oct 2013 10:00am EDT 

Central European Media Enterprises Ltd lowered its fiscal 2013 guidance and expects revenues to be between $640 million and $650 million, and OIBDA to finish the year between negative $40 million and negative $30 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $724 million and EBITDA of $73 million for fiscal 2013.  Full Article

Central European Media Enterprises Ltd Announces Management Changes
Thursday, 17 Oct 2013 09:23am EDT 

Central European Media Enterprises Ltd announced changes in the Company's executive management. David Sach, Chief Financial Officer, will leave CME effective October 29, 2013. David Sturgeon has been appointed as the Company's principal financial officer and will become the acting Chief Financial Officer while CME engages in a search for a permanent replacement. Mr. Sturgeon has served as Deputy Chief Financial Officer of CME since July 2009.  Full Article

Central European Media Enterprises Ltd Appoints co-Chief Executive Officers
Monday, 16 Sep 2013 02:49am EDT 

Central European Media Enterprises Ltd announced that Mr. Christoph Mainusch and Mr. Michael Del Nin have been appointed as co-Chief Executive Officers of the Company effective September 16, 2013.  Full Article

Central European Media Enterprises Ltd Announces Adrian Sarbu Is Resigning As Preident And Chief Executive Officer
Wednesday, 21 Aug 2013 06:58am EDT 

Central European Media Enterprises Ltd. announced that Adrian Sarbu is resigning as President and Chief Executive Officer of the Company.  Full Article

Central European Media Enterprises Ltd Lowers FY 2013 Guidance-Conference Call
Wednesday, 31 Jul 2013 01:00pm EDT 

Central European Media Enterprises Ltd revised fiscal 2013 guidance and expects revenues in the range of $700-$720 million and OIBDA in the range of $50-$70 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $761 million and EBITDA of $114 million for fiscal 2013.  Full Article

Broadcaster CME sees growth, no talks on sale -paper

PRAGUE, May 13 - Broadcaster Central European Media Enterprises (CME) will continue growing on the basis of 2014 results, its co-chief executive was quoted as saying on Tuesday.

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