2009’s key moments in media industry

Simina Mistreanu, 5 Jan 2010

Romanian version

Romanian media and advertising market is going into 2010 without several major newspaper titles, and with a lower value, but with firm growth prospects from dynamic sectors, such as internet and film industry.

Slide 8 / 10

3. Sarbu sells Buftea film studios

In 2009, Adrian Sarbu has been appointed as CEO of Central European Media Enterprises, thus becoming the Romanian with the most important executive position in a multinational company.

Sarbu has also been the “leading actor” in one of the largest deal in the media market by value in 2009: the sale of MediaPro Entertainment (which includes Media Pro Pictures, Media Pro Studios, Media Pro Distribution, Pro Video, Media Pro Music & Entertainment, Cinema Pro and Hollywood Multiplex) to CME, at an estimated $97.6 million.

But managing a multinational company was no easy task in a year that had seen many companies sinking into loss and shedding jobs or customers. Late April, when CME was posting net loss of $44.4 million in the first quarter, Sarbu said the first quarter of 2009 had been the toughest in CME history.

8/10

Article comments "2009’s key moments in media industry"

Opinia cititorilor nostri este importanta pentru noi, Wall-Street incurajand publicarea comentariilor voastre. Pe site urmeaza sa isi gaseasca locul numai comentariile pertinente, on-topic, prezentate intr-un limbaj civilizat, fara atacuri la persoane / institutii. Ne rezervam dreptul de a elimina orice comentariu care nu corespunde acestor principii, precum si de a restrictiona accesul la comentarii utilizatorilor care comit abuzuri grave sau repetate.

2009’s key moments in media industry

3. Sarbu sells Buftea film studios

Article comments "2009’s key moments in media industry"

Sectiuni

Suplimente

Resurse

Catalogul wall-street

Social Media