27-10-2014

CME to Announce Third Quarter Results

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    PRAGUE: Central European Media Enterprises, which is facing a continuing decline in its stock price, will unveil its third quarter results on 30 October 2014.

    The leading regional TV company in CEE, with channels in six Central European countries, installed a new management team in September 2013 and despite turning around its earnings record in the past year, it has yet to regain the confidence of investors. In a recent interview, the sales director of the flagship Czech channel TV Nova said the station is raising its advertising rates by 5 percent in 2015, despite falling short of capacity in 2014.

    CME stock closed out the day at $2.29 on NASDAQ, although it rose slightly in after-hour trading. By comparison, the stock was at $6.35 per share one year ago.