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Follow The Media: Keeping it afloat in Eastern Europe
CME struck a deal with partner Igor Kolomoisky. He’d take 49% of the Studio 1+1 group for $100 million and a small TV station he owned separately. CME keeps an option to sell the remaining 51% of 1+1 to Kolomoisky for another $300 milllion.

Follow The Media: Keeping it afloat in Eastern Europe

July 04 at 22:05
Michael Hedges writes: Not long ago Eastern Europe had the reputation as a major growth region for commercial media. Well-financed investors – strategic and financial – moved in. With revenue projections returning from the stratosphere a tougher look at means a smaller portfolio.

Keeping it afloat in Eastern Europe

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