Central European Media Enterprises Ltd. (CME) announced financial results for its fiscal 2007 year. According to the company’s report, that is accessible for MediaBusiness, “Studio 1+1” net revenue for 2007 year amounted to $125 323 million, which is by $30 million more than in 2006 year. Meanwhile, “Studio 1+1” EBITDA  as compared to the previous year decreased from $29.9 million to $27 million.    

Generally, the company’s financial results met the forecasts of CME which were announced in October 2006. But the rates of Kino and Siti TV channels didn’t reach the expected $3 million: the net revenue of both companies increased from $1,195 million to $2,65 million as compared to the previous year. At the same time the negative EBITDA figure of these channels increased from -$3,713 million to -$7,293 million.    

As for the final quarter of 2007 year, “Studio 1+1” net revenue grew year-on-year from $34,297 million up to $44,965 million, but its EBITDA decreased from $13,799 million to $12,211 million. The net revenue  of Kino and Siti TV channels increased up to $782 000 in the final quarter as compared to $441 000 in the previous quarter.  

 “Studio 1+1” TV channel is the nationwide Ukrainian-language TV channel. In 2007 year, its audience aged 18 years and over amounted to 16.03%. The TV channel covers about 95% of the Ukrainian territory. It was launched in September 1995. In July 2004, “Studio 1+1” started broadcasting on a 24-hour basis. In July 2006, the National Council on Television and Radio Broadcasting of Ukraine extended the channel’s broadcasting license by 10 years. 90% of the company belongs to Central Media Enterprises Ltd. Oleksandr Rodnyansky and Borys Fuksman (Inter Media) own the other 10%. In the first half of 2007 year, the company’s net revenue was $40.78 million, its EBITDA was minus $1.8 million.        

Central European Media Enterprises Ltd. (CME) (NASDAQ/Prague Stock Exchange: CETV) manages such TV companies: Nova TV (Croatia),  TV Nova and Galaxie Sport (Czech Republic), PRO TV, PRO TV International, Acasa, PRO Cinema and  Sport.ro (Romania), Markiza and Galaxie Sport (Slovakia), POP TV and  Kanal A (Slovenia), “Studio 1+1”, “Studio 1+1 International”, Kino and Siti (Ukraine).