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Central European Media Enterprises Ltd (CETV.OQ)

CETV.OQ on NASDAQ Stock Exchange Global Select Market

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20 Jul 2018
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Latest Key Developments (Source: Significant Developments)

Central European Media Enterprises Announces Regulatory Approval Of Sale Of Croatian Assets
Thursday, 19 Jul 2018 

July 19 (Reuters) - Central European Media Enterprises Ltd ::CENTRAL EUROPEAN MEDIA ENTERPRISES ANNOUNCES FINAL REGULATORY APPROVAL OF PREVIOUSLY ANNOUNCED SALE OF CROATIAN ASSETS, EXPECTS TO COMPLETE TRANSACTION IN JULY.CENTRAL EUROPEAN MEDIA ENTERPRISES - DEAL WITH UNITED GROUP IS EXPECTED TO BE COMPLETED ON JULY 31.  Full Article

Croatia agency approves sale of CME's Nova TV to United Group's Slovenia Broadband
Wednesday, 9 May 2018 

May 9 (Reuters) - Central European Media Enterprises Ltd ::CROATIAN COMPETITION AGENCY SAYS APPROVES ACQUISITION OF BROADCASTER CME'S NOVA TV BY UNITED GROUP UNIT SLOVENIA BROADBAND.PREVIOUS STORIES: nL8N1R859AnP7N1MZ01K.  Full Article

Broadcaster CME sees net leverage ratio falling to near 3x by year-end
Thursday, 26 Apr 2018 

April 26 (Reuters) - Central European Media Enterprises Ltd ::BROADCASTER CME CO-CEO SAYS COMPANY EXPECTS NET LEVERAGE RATIO TO FALL TO NEAR 3X BY END OF YEAR.BROADCASTER CME CO-CEO SAYS 83 PERCENT OF NON-TIME WARNER WARRANTS HAVE BEEN EXERCISED AS OF APRIL 24.  Full Article

Broadcaster CME sees core profit growing 14-16 pct in 2018
Thursday, 26 Apr 2018 

April 26 (Reuters) - Central European Media Enterprises Ltd ::BROADCASTER CME SAYS FOR CONTINUING OPERATIONS EXPECTS OIBDA GROWTH OF 14% - 16% AT CONSTANT EXCHANGE RATES IN 2018.BROADCASTER CME SAYS FOR CONTINUING OPERATIONS EXPECTS UNLEVERED FREE CASH FLOW GROWTH OF 20% - 25% AT ACTUAL RATES IN 2018.BROADCASTER CME SAYS CASH PAID FOR INTEREST AND GUARANTEE FEES IN 2018 EXPECTED TO BE AROUND US$ 35 MILLION.BROADCASTER CME SAYS CASH PAID FOR INCOME TAXES IN 2017 WAS US$ 15 MILLION, AND WE EXPECT THAT TO INCREASE SIGNIFICANTLY IN 2018.BROADCASTER CME SAYS CAPITAL EXPENDITURES EXPECTED TO BE SIMILAR TO 2017, WHICH WAS US$ 25 MILLION.  Full Article

Central European Media Says Qtrly Net Revenues Increased 25% At Actual Rates To US$ 139.2 Mln
Thursday, 26 Apr 2018 

April 26 (Reuters) - Central European Media Enterprises Ltd ::QTRLY NET REVENUES INCREASED 25% AT ACTUAL RATES AND 7% AT CONSTANT RATES TO US$ 139.2 MILLION.QTRLY OPERATING INCOME INCREASED 61% AT ACTUAL RATES AND 43% AT CONSTANT RATES TO US$ 20.9 MILLION.QTRLY OIBDA INCREASED 45% AT ACTUAL RATES AND 26% AT CONSTANT RATES TO US$ 30.7 MILLION.QTRLY INCOME FROM CONTINUING OPERATIONS PER SHARE $0.01.FY2018 REVENUE VIEW $646.5 MILLION -- THOMSON REUTERS I/B/E/S.WILL REPAY EUR 110.0 MILLION OF DEBT WITH PROCEEDS FROM NEWLY EXERCISED WARRANTS.  Full Article

Central European Media Enterprises Announces New Financing Transaction
Thursday, 26 Apr 2018 

April 26 (Reuters) - Central European Media Enterprises Ltd ::CENTRAL EUROPEAN MEDIA ENTERPRISES ANNOUNCES NEW FINANCING TRANSACTION TO REDUCE AVERAGE BORROWING COST AND IMPROVE MATURITY PROFILE OF ITS SENIOR DEBT.SAYS MATURITY DATE OF EXISTING EUR 235 MILLION TERM LOAN EXTENDED BY TWO YEARS TO NOVEMBER 2021.SAYS MATURITY DATE OF EXISTING EUR 469 MILLION TERM LOAN EXTENDED TO APRIL 2023, FIVE YEARS FROM TODAY.SAYS INCREASED CAPACITY OF EXISTING REVOLVING CREDIT FACILITY TO US$ 75 MILLION AND MATURITY EXTENDED TO APRIL 2023.CENTRAL EUROPEAN MEDIA ENTERPRISES - AGREED WITH TIME WARNER TO REDUCE FEES PAYABLE AS CREDIT GUARANTOR OF CO'S CURRENTLY OUTSTANDING SENIOR TERM CREDIT FACILITIES.SAYS NEW PRICING GRIDS WITH SIGNIFICANTLY DECREASED ALL-IN RATES.  Full Article

Broadcaster CME: Croatia's watchdog stops sale of local subsidiary
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Central European Media Enterprises Ltd :Says Croatia's watchdog has not approved CME's planned sale of its local subsidiary Nova TV.Says is reviewing the decision and evaluating potential options.  Full Article

Broadcaster CME: deleveraging a focus through end of next year
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Central European Media Enterprises Ltd :co-CEO says new guidance means could end 2017 with oibda at $162-165 million.co-CEO says thinks our cash paid for interest and guarantee fees in 2018 will be less than $40 million.co-CEO says deleveraging remains focus through end of next year.  Full Article

Broadcaster CME sees 2017 core profit growth at high end of guidance
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Central European Media Enterprises Ltd :says expects 2017 oibda growth for continuing operations at high end of 13-17 percent range at constant rates.says expects unlevered free cash flow at high end of $105-110 million range at actual rates.says capex for continuing operations in 2017 is expected to be around $30 million.says cash paid for income taxes for continuing operations in 2017 expected to be around $15 million.  Full Article

Central European Media Enterprises Qtrly loss per share $0.03
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Central European Media Enterprises Ltd :Central European Media Enterprises Ltd. reports results for the third quarter and nine months ended september 30, 2017.Qtrly ‍net revenues increased 11% at actual rates and 5% at constant rates to $ 119.4 million​.Qtrly ‍operating income increased 40% at actual rates and 35% at constant rates to $ 16.0 million​.Qtrly ‍OIBDA increased 30% at actual rates and 24% at constant rates to $ 25.1 million​.Qtrly ‍TV advertising revenues increased 10% at actual rates and 4% at constant rates​.Qtrly ‍carriage fees and subscription revenues increased 20% at actual rates and 15% at constant rates​.Qtrly loss per share $0.03.Proceeds from sale of operations in Croatia, Slovenia will be used to repay debt.Sale proceeds of operations in Croatia, Slovenia is expected to decrease cost of borrowing by additional 150 basis​.Raises guidance for full year​.‍"We will see our average borrowing cost decline by 125 basis points to 6.0%, its lowest level in eight years"​.  Full Article

Slovak police charge ex-minister over claims against CME TV station

PRAGUE, June 21 Slovak police have charged two people with forgery offences against a television station owned by Central European Media Enterprises, police said on Thursday.