Net revenues of Studio 1+1 TV channel for the six months ended June 30, 2008 increased 31.13%, to $53.47 million from $40.77 million in the first half of 2007. It was reported by the 1+1’s largest shareholder, Central European Media Enterprises Ltd. (CME).

According to the document, the negative EBITDA of the TV channel increased to minus $3.95 million from minus $1.80 million.  

Net revenues of Siti and Kino TV channels amounted to $2.30 million ($1.05 million in the first half of 2007). The negative EBITDA declined from minus $4.17 million to minus $2.25 million.   

“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). 15% of CME’s B shares belong to Ronald Lauder, the founder of the company.