PPF’s Media Subsidiary CME Agrees on Financing Extension

Commenting on the transaction, Kateřina Jirásková, Chief Financial and Operating Officer of PPF Group, said: “I am very pleased by the strong interest of the banks to prolong CME’s financing amid the negative sentiment to media sector resulting from the performance of many Western European media players. This successful prolongation confirms a firm relationship between our core banks and PPF Group. I would like to thank to the participating banks for their support.” 

Deborah Cleaver, Chief Financial Officer of CME, commented: “We are delighted to achieve the prolongation with the assistance of PPF Group. It also reconfirms CME’s solid financial profile and the strong business performance of our 43 TV channels and digital streaming portal Voyo. The prolongation will allow CME to continue to pursue its strategy and fulfillment of its business objectives, including bringing the best local content to our viewers.”