06-07-2009

CME gets $100 million investment

Written by FNE Staff
Central European Media Enterprises (CME, www.cetv-net.com) announced that it has received a $100 million cash investment from Ukranian businessman Igor Kolomoisky.

Kolomoisky, who is a Director of CME, becomes a 49% stakeholder in CME's Ukranian operations in return. The money will go toward CME's Ukraine groups of stations, according to a July 2 statement by CME.

The deal is expected to be finalized by the end of the third quarter, 2009.

CME operates TV stations in seven Central European countries.