Central European Media Enterprises (Pro TV owner) , had 2013 revenues equal to 691 mil dollars, decreasing  from 772 mil dollars (2012).  CME recorded in 2013 for the entire group, an OIBDA of 46.5 mil dollars compared to OIBDA of 125.4 mil in 2012.

However, it seems that in Romania, the group had the most significant growth in net income but also a big decrease in OIBDA compared to the previous year.  The big change and also a very positive one is that Time Warner, the main shareholder, announced the support for the company’s cash needs which increased significantly the CME shares price .

The stock grew 62 percent to a max of 85 koruna, the most important increase since 2005.  This is the most positive news regarding the company since 2013 when they had to replace Adrian Sarbu because of “unacceptable performing level”.

CME recorded an increase in Bulgaria, Croatia and Romania with the most performing country being Romania (208 mil dollars instead of 195 mil dollars in 2012).   This growth is mainly due to the fact that CME decided to exit the “must carry” space last summer.  This means Pro TV has additional income now from cable companies because they need to pay in order to retransmit their content.

Michael Del Nin (co-CEO)  : It was a difficult year for the company, in financial terms , but we are encouraged by Mastery we take regarding our operational priorities . In addition, today ( Friday, February 28 – Ed.) Have announced a series of related financial transactions that , upon completion , will fully meet the liquidity needs of the company will improve the company’s profile in terms of maturity and imprumutuirilor we will put you on a path to cash flow positive since 2015 ”

Christoph Mainusch (co-CEO) : Our results demonstrate that in 2013 remain the clear market leader in terms of audience share , in all the territories where we are present and we expect to maintain our position in 2014. We maintain our commitment to focus on the efficiency of our operations , identifying new opportunities to reduce operational costs and content . However , we will not jeopardize the leading positions of the audience ” .

 

“And finally, an update on carriage fees. We successfully concluded negotiations with all major cable and satellite operators in Romania. As a result of these deals, we expect carriage fees in Romania to increase further during 2014, compared to 2013.”

“so as we said earlier, we are planning or just very recently started a process to divest to those non-core assets. They include some of the distribution assets that we have largely in Romania, including some of the smaller businesses that we’ve got pieces of, including radio assets for example and cinema businesses. So that process follows a review of those assets. As we said in the last call, we believe that it is in the best interest of the company to focus on our broadcasting businesses, and we think that while those assets, in many cases are very good businesses and perform quite well, are probably more valuable in the hands of others. So that process, as I said, is about to begin and we expect to make a fair amount of progress on that in the coming months.”

Non – core assets that CME will look to exit from in the following months :

Media Pro Pictures  (MediaPro Entertainment Romania)