CME Completes Sale of Series B Preferred Shares to Time Warner

CME Completes Sale of Series B Preferred Shares to Time Warner

HAMILTON, Bermuda, June 25, 2013 (GLOBE NEWSWIRE) -- Central European Media
Enterprises Ltd. ("CME") (Nasdaq:CETV) (Prague Stock Exchange:CETV) announced
today the closing of the sale of 200,000 shares of its newly designated Series
B Convertible Redeemable Preferred Stock, par value $0.08 per share, to Time
Warner Media Holdings B.V., an affiliate of Time Warner Inc., for aggregate
consideration of US$ 200 million. The proceeds of this private placement,
along with US$ 100 million of net proceeds from CME's public offering
completed in May 2013, will be used to fund the repurchase or redemption of a
portion of CME's outstanding 11.625% senior notes due 2016.

About CME

CME is a media and entertainment company operating leading businesses in six
Central and Eastern European markets with an aggregate population of
approximately 50 million people. CME broadcasts television channels in
Bulgaria (bTV, bTV Cinema, bTV Comedy, bTV Action, bTV Lady and Ring.bg),
Croatia (Nova TV, Doma and Nova World), the Czech Republic (TV Nova, Nova
Cinema, Nova Sport, Fanda, Smichov, Telka and MTV Czech), Romania (PRO TV, PRO
TV International, Acasa, Acasa Gold, PRO Cinema, Sport.ro, MTV Romania and PRO
TV Chisinau and Acasa Moldova), the Slovak Republic (TV Markíza, Doma, Dajto
and Fooor), and Slovenia (POP TV, Kanal A, BRIO, OTO and KINO). CME also
operates Voyo, the pan-regional video-on-demand service. CME is traded on the
NASDAQ Global Select Market and the Prague Stock Exchange under the ticker
symbol "CETV".

CONTACT: For further information, please contact:
         David Sach
         Chief Financial Officer
         Central European Media Enterprises
         +420 242 465 525
 
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