{"id":8163,"date":"2019-10-17T18:00:25","date_gmt":"2019-10-17T17:00:25","guid":{"rendered":"https:\/\/praguebusinessjournal.com\/?p=8163"},"modified":"2020-02-27T22:15:20","modified_gmt":"2020-02-27T21:15:20","slug":"ppf-att-cme-deal-imminent","status":"publish","type":"post","link":"https:\/\/praguebusinessjournal.com\/ppf-att-cme-deal-imminent\/","title":{"rendered":"PPF Close To A Deal With AT&#038;T For CME"},"content":{"rendered":"<p>Petr Kellner\u2019s PPF Group is finalizing <a href=\"https:\/\/praguebusinessjournal.com\/petr-kellner-ppf-cme-last-bidder\/\">negotiations<\/a> with AT&amp;T to buy a majority stake in <a href=\"https:\/\/cetv-net.com\/home\/default.aspx\">Central European Media Enterprises<\/a> (CME), according to <a href=\"https:\/\/byznys.ihned.cz\/c1-66661540-jednani-o-prodeji-provozovatele-televize-nova-kellnerove-ppf-finisuji-rozhodnuti-ma-padnout-behem-nekolika-dni\">Hospodarske Noviny <\/a>and <a href=\"https:\/\/zpravy.aktualne.cz\/ekonomika\/kellner-ppf-cme\/r~240c14d6f0c211e98776ac1f6b220ee8\/\">Aktualne<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p>The outcome of the talks could come within days. Mr. Kellner is said to be handling the negotiations personally.<\/p>\n<p>&nbsp;<\/p>\n<p>AT&amp;T owns 64% of CME\u2019s common stock but effectively controls 75% of the company through preferred shares. The U.S. firm inherited CME after its merger with Time Warner.<\/p>\n<p>&nbsp;<\/p>\n<p>CME owns Czech TV Nova and has stations in four other Central European countries.<\/p>\n<p>&nbsp;<\/p>\n<p>PPF declined to comment on the ongoing negotiations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Petr Kellner\u2019s PPF Group is finalizing negotiations with AT&amp;T to buy a majority stake in Central European Media Enterprises (CME), according to Hospodarske Noviny and Aktualne. &nbsp; The outcome of the talks could come within days. Mr. Kellner is said to be handling the negotiations personally. &nbsp; AT&amp;T owns 64% of CME\u2019s common stock but &#8230; <a title=\"PPF Close To A Deal With AT&#038;T For CME\" class=\"read-more\" href=\"https:\/\/praguebusinessjournal.com\/ppf-att-cme-deal-imminent\/\" aria-label=\"Read more about PPF Close To A Deal With AT&#038;T For CME\">Read more<\/a><\/p>\n","protected":false},"author":4,"featured_media":5092,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[18],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PPF Close To A Deal With AT&amp;T For CME - Prague Business Journal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/praguebusinessjournal.com\/cme-shareholders-approve-sale-to-ppf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PPF Close To A Deal With AT&amp;T For CME - Prague Business Journal\" \/>\n<meta property=\"og:description\" content=\"Petr Kellner\u2019s PPF Group is finalizing negotiations with AT&amp;T to buy a majority stake in Central European Media Enterprises (CME), according to Hospodarske Noviny and Aktualne. &nbsp; The outcome of the talks could come within days. Mr. Kellner is said to be handling the negotiations personally. &nbsp; AT&amp;T owns 64% of CME\u2019s common stock but ... 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