Central European Media Enterprises Ltd. is a media and entertainment company that has operations in Central and Eastern Europe. It operates television networks in Bulgaria, the Czech Republic, the Slovak Republic and Romania. The company also develops and produces content for their television channels. Central European Media Enterprises was founded by Ronald Steven Lauder in June 1994 and is headquartered in Hamilton, Bermuda.

Company profile
Ticker
CETV
Exchange
Website
CEO
Michael del Nin / Christoph Mainusch
Employees
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
CME Bulgaria B.V. • BTV Media Group • TV NOVA s.r.o. • Pro TV S.R.L. • CME Slovak Holdings B.V. • PRO PLUS d.o.o. • POP TV d.o.o. • Kanal A d.o.o. • Pro Digital S.R.L. • Central European Media Enterprises N.V. ...
CETV stock data
Calendar
21 Jul 20
12 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 20 | Mar 20 | Sep 19 | Jun 19 | |
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Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 176.09M | 176.09M | 176.09M | 176.09M | 176.09M | 176.09M |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | 2.65M | (no burn) |
Cash used (since last report) | n/a | n/a | n/a | n/a | 67.52M | n/a |
Cash remaining | n/a | n/a | n/a | n/a | 108.57M | n/a |
Runway (months of cash) | n/a | n/a | n/a | n/a | 40.9 | n/a |
Institutional ownership, Q3 2021
0.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1 |
Opened positions | 1 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 82.31M |
Total shares | 19.65K |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BNP Paribas Arbitrage | 19.65K | $82.31M |
Financial report summary
?Risks
- Our business, results of operations and financial condition may be adversely affected by the ongoing COVID-19 pandemic and the actions taken by governmental authorities in response to the pandemic.
- Changes in global or regional economic conditions may adversely affect our financial position and results of operations.
- The quantitative easing programs implemented by the European Central Bank ("ECB") and the stability mechanism may not provide adequate assistance to stabilize markets, which may adversely affect our financial position and results of operations.
- Our financial position and results of operations may be adversely affected as a result of the United Kingdom’s decision to end its membership in the European Union.
- Our operating results will be adversely affected if we cannot generate strong advertising sales.
- We may be unable to repay or refinance our existing indebtedness and may not be able to obtain favorable refinancing terms.
- Our debt service obligations and covenants may restrict our ability to conduct our operations.
- We may be subject to changes in tax rates and exposure to additional tax liabilities.
- A default by us in connection with our obligations under our outstanding indebtedness could result in our inability to continue to conduct our business.
- Fluctuations in exchange rates may continue to adversely affect our results of operations.
- Our strategies to enhance our carriage fees and diversify our revenues may not be successful.
- A downgrading of our corporate credit ratings may adversely affect our ability to raise additional financing.
- If our goodwill, other intangible assets and long-lived assets become impaired, we may be required to record significant charges to earnings.
- Our operations are vulnerable to significant changes in viewing habits and technology that could adversely affect us.
- Content may become more expensive to produce or acquire or we may not be able to develop or acquire content that is attractive to our audiences.
- Our operating results are dependent on the importance of television as an advertising medium.
- We are subject to legal compliance risks and the risk of legal or regulatory proceedings being initiated against us.
- Our operations are in developing markets where there are additional risks related to political and economic uncertainty, biased treatment and compliance with evolving legal and regulatory systems.
- We rely on network and information systems and other technology that may be subject to disruption, security breaches or misuse, which could harm our business or our reputation.
- Piracy of our content may decrease revenues we can earn from our content and adversely impact our business and profitability.
- Our broadcasting licenses may not be renewed and may be subject to revocation.
- Our success depends on attracting and retaining key personnel.
- We are a Bermuda company and enforcement of civil liabilities and judgments may be difficult.
- Our Bye-laws restrict shareholders from bringing legal action against our officers and directors.
- The interests of AT&T may conflict with the interests of other investors.
- The price of our Class A common stock may be volatile.
- The proposed Merger may cause disruption to our business.
- Completion of the proposed Merger is subject to conditions, including the receipt of certain competition and other regulatory approvals, and if these conditions are not satisfied or waived or if the required approvals are not granted or are subject to conditions, completion of the proposed Merger may not occur.
- The failure to complete the proposed Merger within the expected time frame or at all could adversely affect our business, financial condition, results of operations, liquidity and the price of our Class A common stock.
- The Merger Agreement contains provisions that could discourage a potential competing acquirer.
Content analysis
?Positive | ||
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Uncertain | ||
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H.S. junior Avg
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New words:
billion, Composite, confidence, construction, driven, earlier, idle, insolvency, lift, lifted, lifting, magnitude, parliament, rebound, reimpose, relationship, resumption, retail, risen, salary, sector, sentiment, Similarly, small, stable, stricter, viewership
Removed:
anniversary, collected, connected, continued, efficient, exit, grow, improved, initially, pursue, scheduled, situation, slightly, streaming, subscriber, UEFA, VAT, video
Financial reports
Current reports
8-K
Termination of a Material Definitive Agreement
13 Oct 20
8-K
Results of Operations and Financial Condition
21 Jul 20
8-K
Results of Operations and Financial Condition
22 Apr 20
8-K
Submission of Matters to a Vote of Security Holders
27 Feb 20
8-K
Reports Results for the Full Year and Fourth Quarter Ended
6 Feb 20
8-K
Departure of Directors or Certain Officers
6 Dec 19
8-K
Central European Media Enterprises to Be Acquired by PPF
28 Oct 19
8-K
Results of Operations and Financial Condition
17 Oct 19
8-K
Departure of Directors or Certain Officers
18 Sep 19
8-K
Results of Operations and Financial Condition
23 Jul 19
Registration and prospectus
15-12G
Securities registration termination
23 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
13 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
13 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
13 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
13 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
13 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
13 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
13 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
13 Oct 20
25-NSE
Exchange delisting
13 Oct 20
Proxies
DEFA14A
Additional proxy soliciting materials
14 Feb 20
DEFM14A
Proxy related to merger
10 Jan 20
PREM14A
Preliminary proxy related to merger
27 Dec 19
DEFA14A
Additional proxy soliciting materials
6 Dec 19
PRE 14A
Preliminary proxy
29 Mar 19
DEFA14A
Additional proxy soliciting materials
29 May 17
DEF 14A
Definitive proxy
9 May 16
Other
EFFECT
Notice of effectiveness
15 Nov 16
CORRESP
Correspondence with SEC
9 Nov 16
UPLOAD
Letter from SEC
2 Nov 16
CT ORDER
Confidential treatment order
16 Oct 16
EFFECT
Notice of effectiveness
23 Mar 14
CT ORDER
Confidential treatment order
10 Dec 12
UPLOAD
Letter from SEC
8 Oct 12
CORRESP
Correspondence with SEC
25 Sep 12
CORRESP
Correspondence with SEC
30 Aug 12
UPLOAD
Letter from SEC
27 Aug 12
Ownership
4
CENTRAL EUROPEAN MEDIA ENTERPRISES / Warner Media Holdings B.V. Time ownership change
23 Oct 20
SC 13D/A
CENTRAL EUROPEAN MEDIA ENTERPRISES / AT&T ownership change
15 Oct 20
4
CENTRAL EUROPEAN MEDIA ENTERPRISES / David Sturgeon ownership change
14 Oct 20
4
CENTRAL EUROPEAN MEDIA ENTERPRISES / Daniel Penn ownership change
14 Oct 20
4
CENTRAL EUROPEAN MEDIA ENTERPRISES / Christoph Mainusch ownership change
14 Oct 20
4
CENTRAL EUROPEAN MEDIA ENTERPRISES / Nin Michael Del ownership change
14 Oct 20
4
CENTRAL EUROPEAN MEDIA ENTERPRISES / Parm Sandhu ownership change
14 Oct 20
4
CENTRAL EUROPEAN MEDIA ENTERPRISES / Kelli Turner ownership change
14 Oct 20
4
CENTRAL EUROPEAN MEDIA ENTERPRISES / ALFRED W LANGER ownership change
14 Oct 20
4
CENTRAL EUROPEAN MEDIA ENTERPRISES / John Billock ownership change
14 Oct 20