×
You will be redirected back to your article in seconds

Sarbu to Exit Central European Media Enterprises

Pan-European broadcaster owned by Time Warner, Ronald Lauder

LONDON — Adrian Sarbu is stepping down as prexy and chief exec of Central European Media Enterprises, which owns TV webs across Central and Eastern Europe. Time Warner owns 49.9% of CME.

Sarbu has played a leading role in the company for nearly two decades. He was CME’s partner when CME launched Pro TV in Romania in 1995, and subsequently served as chief operating officer of the company from 2007 to 2009. Since 2009 he has been prexy and CEO.

Ronald Lauder (pictured), CME’s founder and chairman of the board, said: “Over this period, Adrian drove the implementation of CME’s multi-channel strategy and new media initiatives. He has worked diligently and successfully as CEO to maintain the company’s market leading positions in difficult macroeconomic conditions and a transitional period in the industry.”

Sarbu will continue to be employed by CME until Jan. 1, 2014. The board has tapped Duco Sickinghe, a member of the board, to lead a committee of directors to ensure a smooth transition while it conducts a search for a new CEO.

CME has adopted a number of new strategies this year, including increases in television advertising prices and carriage fees.

CME operates businesses in six Central and Eastern European markets with an aggregate population of about 50 million people.

It broadcasts television channels in Bulgaria (bTV, bTV Cinema, bTV Comedy, bTV Action, bTV Lady and Ring.bg), Croatia (Nova TV, Doma Nova World, and MiniTV), 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, 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.

More TV

  • Endemol Shine, China’s Hunan TV Duet

    Endemol Shine, China’s Hunan TV Duet on ‘Sing or Spin’ (EXCLUSIVE)

    Global production and distribution giant Endemol Shine is to duet with leading Chinese producer and broadcaster Hunan TV on primetime entertainment format “Sing or Spin,” which has an innovative spin: a revolving stage that lets singers know how well they are scoring. The show has been co-developed by Endemol Shine China and Hunan TV as [...]

  • 'Succession': Nicholas Braun, Matthew Macfadyen on

    'Succession' Stars Nicholas Braun, Matthew Macfadyen Break Down How To Make a Tomelette

    You can’t make a Tomelette without breaking some Greggs, and you can’t get through an episode of ‘Succession’ without a few rounds of riffing, at least according to Nicholas Braun (who plays Greg Hirsch) and Matthew Macfadyen (who portrays Tom Wamsgans). “We basically improv in probably every scene to some capacity,” says Braun. Though the [...]

  • Manchester City Football Club Animated Series

    Manchester City Soccer Team Animated Series in the Works (EXCLUSIVE)

    “Sky Blue Academy,” an animated series set inside the training academy of reigning English Premier League champions Manchester City, is in the works, Variety has learned. The Pep Guardiola-managed team has enjoyed numerous successes in recent years and broken into world soccer’s elite, becoming a global brand in the process. The show will follow a [...]

  • LIVING WITH YOURSELF

    TV Review: 'Living with Yourself'

    Paul Rudd is such a naturally ebullient actor that it can be startling to see him ground down. A gifted physical performer who, at 50, looks so youthful that his appearance tends to precede all other attributes when he’s discussed, Rudd also still has the verve and energy of a rising star — a quality [...]

  • SAG-AFTRA Signs Cooperative Agreement With Mexican

    SAG-AFTRA Signs Cooperative Agreement With Mexican Actors Union

    SAG-AFTRA has signed a cooperative agreement that could include joint bargaining with the Asociación Nacional de Actores (ANDA), the labor union that represents performers in Mexico. The pact was announced Saturday during the third day of the SAG-AFTRA biannual convention at the Beverly Hilton Hotel in Beverly Hills, Ca. The convention, which is closed to [...]

  • American screenwriter, film director, and producer

    AGC Television Picks up Worldwide on Oliver Stone’s ‘JFK: Destiny Betrayed’

    CANNES —  AGC Television, the TV production-distribution division of Stuart Ford’s still fast expanding independent content studio AGC Studios, has landed worldwide rights to another high-profile doc-series which it describes as “probing” and “explosive”: Oliver Stone’s “JFK: Destiny Betrayed.” The acquisition was announced early Monday by AGC Television president Lourdes Diaz. The acquisition continues AGC [...]

More From Our Brands

Access exclusive content