Central European Media Enterprises (CETV)

Q1 2011 Earnings Call

April 27, 2011 9:00 am ET

Executives

Adrian Sarbu - Chief Executive Officer, President and Director

Daniel Penn - Executive Vice President, Secretary and General Counsel

David Sach - Chief Financial Officer and Executive Vice President

Romana Wyllie - Vice President of Corporate Communications

Anthony Chhoy - Senior Vice President of Strategic Planning & Operations

Analysts

Mitch Reznick - Fortis

Pavel Ryska - Atlantik Financni Trhy A.S.

Vijay Singh - Janco Partners, Inc.

Benjamin Mogil - Stifel, Nicolaus & Co., Inc.

Laurie Davison - Deutsche Bank AG

David Kestenbaum - Morgan Joseph TriArtisan LLC

Andrzej Knigawka - ING Groep N.V.

Presentation

Operator

Hello, my name is Kevin, I'll be your conference operator today. At this time, I would like to welcome everyone to the Central European Media Enterprises First Quarter 2011 Earnings Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded today, April 27, 2011. It is now my pleasure to turn the floor over to Romana Wyllie, Vice President of Corporate Communications. Ms. Wyllie, you may begin your conference.

Romana Wyllie

Good morning, good afternoon [French] to each of you, and welcome to CME's First Quarter 2011 Investor Conference Call. We are broadcasting this call via a video webcast to enable you to see the management team in action. You can join us via the link on our Homepage, www.cetv-net.com. There you can also download the presentation slides which we will refer to during this call. You can find them on the Homepage at the bottom left corner. The participants of today’s call will be CME’s President and Chief Executive Officer, Adrian Sarbu.

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