Last $2.93 USD
Change Today +0.06 / 2.09%
Volume 1.1M
CETV On Other Exchanges
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As of 8:10 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

central european media ent-a (CETV) Snapshot

Open
$2.86
Previous Close
$2.87
Day High
$2.96
Day Low
$2.83
52 Week High
02/28/14 - $5.17
52 Week Low
10/9/14 - $2.12
Market Cap
396.5M
Average Volume 10 Days
376.4K
EPS TTM
$-1.13
Shares Outstanding
135.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CENTRAL EUROPEAN MEDIA ENT-A (CETV)

central european media ent-a (CETV) Related Businessweek News

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central european media ent-a (CETV) Details

Central European Media Enterprises Ltd., a media and entertainment company, operates broadcast, content, and new media businesses in central and eastern Europe. The company operates in six segments: Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic, and Slovenia. It operates 35 television channels reaching an aggregate of approximately 50 million people primarily in 6 countries. The company’s television channels comprise BTV, BTV CINEMA, BTV COMEDY, RING.BG, RING.BG+1, BTV ACTION, BTV LADY, and BTV LADY+1 in Bulgaria; NOVA TV, DOMA TV, MINI TV, and NOVA WORLD in Croatia; TV NOVA, NOVA CINEMA, NOVA SPORT, FANDA, SMICHOV, and TELKA in the Czech Republic; and PRO TV, PRO TV INTERNATIONAL, ACASA, ACASA GOLD, PRO CINEMA, MTV ROMANIA, PRO TV CHISINAU, and SPORT.RO in Romania. Its television channels also consist of TV MARKIZA, DOMA, and DAJTO in the Slovak Republic; and POP TV, KANAL A, KINO, BRIO, and OTO in Slovenia, as well as various radio channels in Bulgaria. In addition, the company develops, produces, and distributes content for its own television channels, as well as to third parties through the theatrical and home video operations; sells DVD and Blu Ray discs to wholesale and retail clients; distributes theatrical, home entertainment, digital, and television film rights; and owns and operates cinema screens in Romania. Further, it offers television content through its video-on-demand service, Voyo; and operates various news portals, niche Websites, and television-related Websites. Central European Media Enterprises Ltd. was founded in 1994 and is based in Hamilton, Bermuda.

3,900 Employees
Last Reported Date: 02/28/14
Founded in 1994

central european media ent-a (CETV) Top Compensated Officers

Co-Chief Executive Officer
Total Annual Compensation: $233.2K
Co-Chief Executive Officer
Total Annual Compensation: $233.2K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $444.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $648.8K
Compensation as of Fiscal Year 2013.

central european media ent-a (CETV) Key Developments

Duco Sickinghe Resigns from the Board of Directors of Central European Media Enterprises Ltd., Effective January 1, 201

Mr. Duco Sickinghe resigned from the Board of Directors of Central European Media Enterprises Ltd., effective January 1, 2015.

Central European Media Enterprises Ltd. Announces Refinancing of 2017 Fixed Rate Notes and Commitment to Refinance 2015 Convertible Notes

Central European Media Enterprises Ltd. announced that it will redeem all outstanding 9.0% Senior Notes due 2017 issued by its wholly owned subsidiary CET 21 spol. s r.o. and that it has entered into a commitment letter with Time Warner Inc. to refinance its 5.0% Senior Secured Convertible Notes due 2015, which mature on November 15, 2015. Central European Media Enterprises also announced that it has entered into a EUR 250,800,000 senior unsecured term credit facility agreement dated as of November 14, 2014 with BNP Paribas, as administrative agent, Time Warner, as guarantor, and the lenders party thereto, and with BNP Paribas Securities Corp. and Crédit Agricole Corporate and Investment Bank acting as joint-lead arrangers and joint bookrunners, to fund the 2017 Fixed Rate Notes redemption. The 2017 Third Party Credit Agreement will bear cash interest at three-month EURIBOR, fixed at approximately 0.21% pursuant to customary interest rate hedging agreements entered into today, plus a margin between 1.07% and 1.90% (depending on the credit rating of Time Warner) and will mature on November 1, 2017. Additionally, Central European Media Enterprises will pay Time Warner a guarantee fee equal to 8.50% minus the rate of interest paid to the lenders under the 2017 Third Party Credit Agreement, multiplied by the principal amount of loans outstanding under the 2017 Third Party Credit Agreement at any time, payable semi-annually in cash or in kind at Central European Media Enterprises's option, with unpaid amounts accruing interest at the Guarantee Fee Rate, payable in cash or in kind at CME's option. Central European Media Enterprises may prepay the loans under the 2017 Third Party Credit Agreement in whole or in part at any time from June 1, 2016 without premium or penalty. Loan proceeds under the 2017 Third Party Credit Agreement will be applied to redeem and discharge in full the EUR 240,000,000 aggregate principal amount of the 2017 Fixed Rate Notes, including premium. Central European Media Enterprises also entered into an amended and restated revolving loan facility credit agreement with Time Warner, as administrative agent, and the lenders party thereto to, among other things, reduce the applicable interest rates for loans made under the facility. Amounts outstanding under the Restated Time Warner Revolving Loan Agreement will bear interest at a rate based on, at Central European Media Enterprises' option, the alternate base rate plus 8% or the adjusted LIBO rate plus 9%. The remaining terms of the Restated Time Warner Revolving Loan Agreement remain substantially the same as the original revolving loan facility credit agreement dated as of May 2, 2014.

Central European Media Enterprises Ltd. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Updates Earnings Guidance for the Full Year of Fiscal 2014; Provides Cash Flow Guidance for the Full Year of Fiscal 2015

Central European Media Enterprises Ltd. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net revenues of $140,149,000 against $130,988,000 a year ago. Operating loss was $8,640,000 against $43,933,000 a year ago. Loss from continuing operations before tax was $51,680,000 against $24,104,000 a year ago. Loss from continuing operations was $52,338,000 or $0.38 per basic and diluted share against $21,808,000 or $0.17 per basic and diluted share a year ago. Net loss attributable to the company was $52,138,000 against $23,091,000 a year ago. Basic and diluted net loss per share was $0.38 against $0.18 a year ago. Total OIBDA was $2,937,000 against negative OIBDA of $31,585,000 a year ago. OIBDA improved at a much faster pace in revenues during the third quarter. Some of this was due to $8 million of fewer programming impairments, $4 million of lower restructuring charges and the absence of $6 million in severance charges the company incurred in third quarter of 2013. Profit has improved due to lower cash interest payments, and interest that's been paid in kind, on the debt issued in the rights offering related financing transactions, completed during the second quarter. For the nine months, the company reported net revenues of $496,256,000 against $437,214,000 a year ago. Operating loss was $377,000 against $83,387,000 a year ago. Loss from continuing operations before tax was $134,141,000 against $187,572,000 a year ago. Loss from continuing operations was $135,089,000 or $1.00 per basic and diluted share against $170,963,000 or $1.46 per basic and diluted share a year ago. Net loss attributable to the company was $152,491,000 against $172,329,000 a year ago. Basic and diluted net loss per share was $1.12 against $1.48 a year ago. Total income before depreciation and amortization was $42,191,000 against negative OIBDA was $44,339,000 a year ago. Net cash used in continuing operating activities was $18,417,000 against $54,735,000 a year ago. Negative free cash flow was $38,631,000 against $75,373,000 a year ago. The company updated earnings guidance for the full year of fiscal 2014. The company expects free cash flow for the full year 2014 to be more negative than that to 2013. The company announced that OIBDA for the full year will be toward the higher end of the $85 million to $95 million guidance range the company gave previously. The company provided cash flow guidance for the full year of fiscal 2015. The company also announced that it believes positioned to be free cash flow positive in 2015.

 

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