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CME dumps TV assets into private equity hands, is Deutsche watching?

Central European Media Enterprises (CME) is shipping off its broadcast assets in Croatia and Slovenia to Slovenia Broadband, a subsidiary of telco and media company United Group, for €230 million ($262.5 million) – a major deal in two tiny but emerging markets. The assets, Nova TV in Croatia and Pop TV in Slovenia, are essentially switching hands from one US owner to another, as Slovenia Broadband’s parent company United Group is in turn owned by US investment firms KKR and EBRD, while CME is 75% owned by Time Warner. That said, under the more financially scrupulous ownership of two private equity firms, a potential outcome is that Nova TV and Pop TV will be dressed up and sold to a…

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