$257.4M for CME in 4thQ 2010

Marketing, Media

Central European Media Enterprise announced financial results for the three months and full year ended December 31, 2010, with net revenues for the quarter increasing $ 23.0 million to $ 257.4 million

Operating income for the quarter increased $ 17.6 million to $ 41.9 million.

Results for the fourth quarter of 2010 include the Media Pro Entertainment and bTV businesses acquired by CME in December 2009 and April 2010, respectively, and exclude CME’s former Ukraine operations which were disposed of in April 2010.

Net revenues for the full year ended December 31, 2010 were $ 737.1 million and OIBDA was $ 107.3 million. Operating income for the full year was US$ 22.9 million. Net income attributable to the shareholders of CME for the full year was US$ 100.2 million, and fully diluted income per share was US$ 1.57.