CME Acquires Remaining Minority Interest in TV Markiza

HAMILTON, July 13: Central European Media Enterprises (CME)
has taken full control of TV Markiza in the Slovak Republic, acquiring the
remaining 20 percent interest in the broadcaster for about $79 million.

"Increasing ownership in our core stations remains a
key strategic objective for CME,” noted CEO Michael Garin. “TV Markiza is an
outstanding asset and I am pleased we have achieved another significant step in
the execution of our strategy. As in all our stations, we will continue to actively
support and develop local participation in the management of the company. We
strongly believe that the strength of our Slovak management is a key factor in
our ongoing success in the Slovak market."

Launched in 1996, TV Markiza is the leading national
broadcaster in the Slovak Republic, reaching 97 percent of the population with
an all-day audience share of 34.3 percent in the first half of this year.