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TheStreet Open House

Central European Media Enterprises Ltd. Agrees To Acquire Bontonfilm A.s., A Leading Content Rights Distribution Company In The Czech Republic And Slovak Republic

CME is a vertically integrated media and entertainment company operating leading broadcasting, content and new media businesses in six Central and Eastern European countries with an aggregate population of approximately 50 million people.  CME's television stations are located in Bulgaria (bTV, bTV Cinema, bTV Comedy, bTV Action and Ring.bg), Croatia (Nova TV, Doma and Nova World), the Czech Republic (TV Nova, Nova Cinema, Nova Sport and MTV Czech), Romania (PRO TV, PRO TV International, Acasa, PRO Cinema, Sport.ro, MTV Romania and PRO TV Chisinau Moldova), the Slovak Republic (TV Markíza and Doma) and Slovenia (POP TV, Kanal A and POP Brio).

Forward Looking Statements

This press release contains forward-looking statements, including those relating to the expected closing date and to our Media Pro Entertainment operations. For these statements and all other forward-looking statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.  Forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy or are otherwise beyond our control and some of which might not even be anticipated.  Future events and actual results, affecting our strategic plan as well as our financial position, results of operations and cash flows, could differ materially from those described in or contemplated by the forward-looking statements.  Important factors that contribute to such risks include, but are not limited to, our effectiveness in integrating Bontonfilm's operations in our existing business; the performance of obligations by third parties with whom we have entered agreements; the effect of the credit crisis and economic downturn in our markets as well as in the United States; and Western Europe; decreases in discretionary spending in the countries in which we operate; and our ability to acquire necessary distribution rights and attract audiences.

CONTACT: Romana Wyllie
         Vice President of Corporate Communications
         Central European Media Enterprises Ltd.
         +420 242 465 525

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