Central European Media Enterprises Ltd. (CME) is a media and entertainment company that operates television channels in seven European countries: Bulgaria, Croatia, Czech Republic, Romania, Moldova, Slovakia, and Slovenia. Until its acquisition by PPF Group N.V. in October 2020, the company was listed on NASDAQ and Prague Stock Exchange under the ticker symbol CETV.[1] It has since been delisted.[2]
History
Central European Media Enterprises Ltd. was co-founded in 1991 by Americans Ronald Lauder and Mark Palmer in Germany as CEDC GmbH (Central European Development Corporation),[3] and later changed its name and reincorporated in the Netherlands as Central European Media Enterprises (CME). It started broadcasting its first channel in the Czech Republic in 1994.