Central European Media Considers Asset Sales, Equity Financing

Central European Media Ltd. is exploring “further” options to “improve” liquidity including new equity financing, asset sales and renegotiations of payments obligations with number of suppliers, Chief Executive Officer Adrian Sarbu said in a call with analysts today.

The company has been in contact with Time Warner Inc. (TWX) regarding its possible participation in public or private equity offering, Sarbu said.

To contact the reporter on this story: Lenka Ponikelska in Prague at lponikelska1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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