You will be redirected back to your article in seconds

Lauder’s CME buys up blogs

TV network nabs Jyxo

PRAGUE — With a growing Internet presence that has made it No. 3 in Czech Web traffic, Ron Lauder’s TV network Central European Media Enterprises announced Tuesday that it has bought leading blog shingle Jyxo.

CME picked up the info-tech provider and operator of Czech blog site, blog.cz, and Jyxo’s affiliate, Blog Internet, from Michal Illich and Centralway Investment for $10.2 million to $12.5 million, depending on performance, to be paid over two years.

Jyxo’s proprietary search engine, pay-per-click advertising software, blog technology and web mail services go along with over 400,000 active blogs and 2.5 million monthly users in the Czech Republic, Slovakia and Hungary.

In 2007, Jyxo and Blog Internet delivered combined revenues of nearly $1 million.

CME topper Michael Garin called the buy “another key milestone in the evolution of CME’s rapidly growing Internet offering.”

The six-country broadcaster in Central and Eastern Europe recently launched a Web site affiliated with its star property, Prague’s terrestrial station TV Nova, tn.nova.cz and has heavily invested in news and tabloid content.

“We remain committed to becoming one of the leading online companies in our region,” Garin said.

Jyxo founder Illich will join TV Nova as head of technical business development and help the channel boost its Internet services.

TV Nova’s general director Petr Dvorak praised the move as an opportunity to quickly engage with online communities sought by the station’s auds and advertisers.

More TV

  • TV News Roundup: 'Knightfall' Grows by

    TV News Roundup: 'Knightfall' Premiere Grows by 71 Percent in Delayed Viewing

    PRAGUE — With a growing Internet presence that has made it No. 3 in Czech Web traffic, Ron Lauder’s TV network Central European Media Enterprises announced Tuesday that it has bought leading blog shingle Jyxo. CME picked up the info-tech provider and operator of Czech blog site, blog.cz, and Jyxo’s affiliate, Blog Internet, from Michal […]

  • Tax Plan Strikes Fear Among Below

    Hollywood's Below-the-Line Workers Anxious About New Tax Plans

    PRAGUE — With a growing Internet presence that has made it No. 3 in Czech Web traffic, Ron Lauder’s TV network Central European Media Enterprises announced Tuesday that it has bought leading blog shingle Jyxo. CME picked up the info-tech provider and operator of Czech blog site, blog.cz, and Jyxo’s affiliate, Blog Internet, from Michal […]

  • Steve Edwards Good Day LA

    Veteran Anchor Steve Edwards Out at 'Good Day L.A.'

    PRAGUE — With a growing Internet presence that has made it No. 3 in Czech Web traffic, Ron Lauder’s TV network Central European Media Enterprises announced Tuesday that it has bought leading blog shingle Jyxo. CME picked up the info-tech provider and operator of Czech blog site, blog.cz, and Jyxo’s affiliate, Blog Internet, from Michal […]

  • Rupert Murdoch Bob Iger Disney Fox

    Disney Nearing Finish Line With 21st Century Fox as Comcast Bows Out of Acquisition Hunt

    PRAGUE — With a growing Internet presence that has made it No. 3 in Czech Web traffic, Ron Lauder’s TV network Central European Media Enterprises announced Tuesday that it has bought leading blog shingle Jyxo. CME picked up the info-tech provider and operator of Czech blog site, blog.cz, and Jyxo’s affiliate, Blog Internet, from Michal […]

  • Kenya Barris Alec Baldwin

    ABC Gives Straight-to-Series Order to Comedy From Kenya Barris, Alec Baldwin, Julie Bean

    PRAGUE — With a growing Internet presence that has made it No. 3 in Czech Web traffic, Ron Lauder’s TV network Central European Media Enterprises announced Tuesday that it has bought leading blog shingle Jyxo. CME picked up the info-tech provider and operator of Czech blog site, blog.cz, and Jyxo’s affiliate, Blog Internet, from Michal […]

  • Golden Globe Nominations: Good News and

    Golden Globes Nominations: At Least It Was a Good Year for Strong Female Roles

    PRAGUE — With a growing Internet presence that has made it No. 3 in Czech Web traffic, Ron Lauder’s TV network Central European Media Enterprises announced Tuesday that it has bought leading blog shingle Jyxo. CME picked up the info-tech provider and operator of Czech blog site, blog.cz, and Jyxo’s affiliate, Blog Internet, from Michal […]

More From Our Brands

Access exclusive content