Time Warner seals CME deal

By Chris Dziadul

Time Warner has closed the acquisition of a 31% stake in CME.
Announced in March and worth $241.5 million (€179 million, the deal is likely to provide a welcome boost for CME, whose TV stations in seven CEE countries have recently been hard hit by falling ad revenues.

Working with Time Warner, CME is expected to launch a number of new thematic channels in the near future.