AT&T sells CME majority stake

AT&T has agreed to the terms of a transaction in which Central European Media Enterprises Ltd. (CME) will be acquired by an affiliate of the Czech investment firm PPF Group N.V. (PPF). CME, which has broadcast operations in Bulgaria, the Czech Republic, Romania, Slovakia and Slovenia, announced in early 2019 that it was conducting a review of strategic options, including a potential sale of part or all of the company.

Source: AT&T sells CME majority stake