trending Market Intelligence /marketintelligence/en/news-insights/trending/bM2h2PtAv1Us1Ro9OxIFjw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Central European Media scraps sale of Slovenian business

OTT Helps To Offset Pay TV Losses for Video Security Vendors

5G Survey: Despite COVID-19 delays, operator roadmaps still lead to 5G

Southeast Asian broadband providers report varying performance amid COVID-19

Cable networks react to pandemic by cutting SG&A, programming costs


Central European Media scraps sale of Slovenian business

Central European Media Enterprises Ltd. has terminated the previously agreed sale of its Slovenian operations to southeast Europe-based operator United Group BV.

With the deal scrapped, CME will retain full ownership of the television network group that includes the POP TV, Kanal A, Brio, Oto and Kino channels.

CME said Jan. 18 that its Slovenian business has "grown its revenues significantly" and increased its level of profitability since the supposed sale was announced in July 2017. The Slovenian Competition Protection Agency eventually rejected the transaction, saying it could hinder competition in the markets for TV sports rights purchases and supply of children's TV programs.

United Group originally sought to acquire CME's broadcast assets in both Slovenia and Croatia for €230 million. The former's unit Slovenia Broadband SARL completed the acquisition of CME's Croatian subsidiary NOVA TV dd in July 2018 for €86.4 million.