UPDATE 1-CME Q3 OIBDA loss lower than fcast, guidance on track

* OIBDA loss $4.5 mln vs $5.8 mln loss in Reuters poll

* Q3 OBITDA loss $4.5 mln vs year-ago $2.5 mln loss

* Revenue up 4.8 pct y/y to $134.4 million

* CEO says on track to meet OIBDA guidance for 2010

* CME conference call at 1300 GMT

PRAGUE, Oct 27 (BestGrowthStock) – Central European Media
Enterprises (CME) (CETV.O: ) (CETVsp.PR: ) posted a third-quarter
loss of $4.5 million at the OIBDA level as television
advertising markets stayed weak, it said on Wednesday.

The broadcaster has struggled through a slow rebound in its
six central and eastern European markets and cut its full-year
guidance on revenue and operating income before depreciation and
amortisation (OIBDA) in July.
CME reported a third-quarter OIBDA loss a touch lower than
analysts’ average estimate in a Reuters poll and versus a $2.5
million loss in the same period a year ago.

Revenue in the third quarter rose 4.8 percent to $134.4
million, below a poll estimate of $137.1 million. CME swung to a
net profit of $3.4 million.

“With recovery continuing in the Czech Republic, Slovenia
and Croatia in Q4, we are on track to deliver full year OIBDA
guidance of $100 million to $115 million,” Chief Executive Sarbu
said in a statement.

Revenue in CME’s biggest-earning market, the Czech Republic,
fell 10 percent in the quarter, and fell 19 percent in Romania.

CME’s results were distorted by the $413 million acquisition
of Bulgarian group bTV in April and a takeover of production
firm MediaPro. The company also sold loss-making TV stations in
Ukraine this year.

CME will hold a conference call at 1300 GMT.

At Tuesday’s close, shares in CME, part-owned by Time Warner
(TWX.N: ) and U.S. investor Ronald Lauder, had dropped 34 percent
since May, when Greek debt worries rattled financial markets and
CME reported a more subdued 2010 outlook than markets expected.

The Prague index (.PX: ) has dropped 9.5 percent in that time.
(Reporting by Jason Hovet; Editing by David Holmes)

UPDATE 1-CME Q3 OIBDA loss lower than fcast, guidance on track