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Central
European Media Enterprises Ltd. is a Bermuda corporation which was
incorporated on June 15, 1994. It operates national and regional
commercial television stations and networks in Central and Eastern Europe.
Broadcast licenses are generally held by companies majority owned by CME's
local partners and CME owns controlling interests in service companies
which provide programming, advertising and other services to the license
holding companies. As of December, 2001 CME owned the following license
companies and service companies:
|
Country
|
License
Expiration
|
TV
License Company
|
CME
Voting Interest
|
TV
Services Company
|
Economic
Interest
|
CME
Voting Interest
|
|
Romania
|
2003-2008
|
Pro
TV S.R.L.
|
49%
|
MPI
|
66%
|
66%
|
|
|
|
Media
Pro S.R.L.
|
44%
|
|
-
|
-
|
|
Slovenia
|
2003-2007
|
POP
TV
|
51%
|
Pro
Plus
|
85.5%
|
78%
|
|
|
2003-2010
|
Kanal
A
|
90%
|
|
-
|
-
|
|
Slovak
Republic
|
2007
|
Markiza-Slovakia
s.r.o.
|
34%
|
STS
|
70%
|
49%
|
|
Ukraine
|
2006
|
Studio
1+1
|
18%
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Innova,
IMS
|
60%
|
60%
|
The
company stations are:
|
Country
|
CME
Station and Networks
|
Launch
Date
|
Technical
Reach
|
2001
Audience Share
|
Market
Rank
|
|
Romania
|
PRO
TV
|
December
1995
|
77%
|
23.7%
|
1
|
|
|
Acasa
|
February
1998
|
63%
|
10.0%
|
4
|
|
Slovenia
|
POP
TV
|
December
1995
|
85%
|
32.5%
|
1
|
|
|
Kanal
A
|
October
2000 (1)
|
80%
|
11.5%
|
3
|
|
Slovakia
|
Markiza
TV
|
August
1996
|
94%
|
50.3%
|
1
|
|
Ukraine
|
Studio
1+1
|
January
1997
|
95%
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21.9%
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2
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(1)
Kanal A began broadcasting on November 1990 and was acquired by CME on
October 2000.
SLOVENIA
Service
Company : Pro Plus
Produkcija
Plus d.o.o. (Pro Plus) is governed by a Partnership Agreement among CME,
MMTV 1 d.o.o. Ljubljana ("MMTV") and Tele 59 d.o.o. Maribor
("Tele 59"), forming Pro Plus. Pro Plus provides programming to
and sells advertising for the broadcast licenseholders POP TV d.o.o and
Kanal A as well as additional affiliates. CME currently owns 78% of the
equity in Pro Plus, but has an effective economic interest of 85.5% as a
result of its right to 33% of the profits of Tele 59. Tele 59 currently
owns a 21% equity interest in Pro Plus and MMTV currently owns a 1% equity
interest in Pro Plus.
License
Companies : POP TV d.o.o and Kanal A
POP
TV d.o.o. is governed by a Partnership Agreement between MMTV and Tele 59.
Tele 59 owns 49% and MMTV 51% in POP TV d.o.o. This means that CME
controls 51% of POP TV d.o.o. through the Company's ownership interests in
Tele 59 and MMTV. POP TV holds all the licenses for the Slovenian
operations apart from those effectively held by Kanal A. CME owns 10% of
the equity of both Tele 59 and MMTV. CME also owns a 20% equity interest
in MTC Holding d.o.o. ("MTC") which owns the remaining 90%
equity interest in MMTV. A Slovene holds 76% of MTC's equity in trust for
CME.
In
December 2001, following the consolidation of POP TV licences into the POP
TV d.o.o. licence company, Pro Plus entered into an agreement with POP TV
d.o.o., under which Pro Plus provides all programming to POP TV d.o.o. and
sells its advertising.
CME
controls the operations, economics and the programming of Kanal A. 90% of
the equity interest in Kanal A is being held by Superplus Holding d.d.
("Superplus") which is owned by individuals who are holding the
share of Superplus in trust for the Company.
POP
TV's programming includes series, movies, news, variety shows and
features. POP TV broadcasts 18 hours of programming daily, of which
approximately 25% is locally produced programming, including news, game
shows, music shows and variety shows. All foreign language programs and
films are subtitled in Slovenian.
Kanal
A's programming strategy is to complement the programming strategy of
POP TV with a mixture of locally produced and acquired foreign programs
including films and series and local music shows and basketball. Kanal A
broadcasts for 16 hours daily.
CME´s
main shareholder is Ronald S. Lauder who owns 28.5% of the equity. Ronald
S. Lauder is one of the main shareholders of The Estee Lauder Companies
Inc.
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