Central European Media Enterprises Appoints David Sach New Chief Financial Officer

HAMILTON, Bermuda, Feb. 23, 2010 (GLOBE NEWSWIRE) -- Central European Media Enterprises Ltd. ("CME") (Nasdaq: CETV) (Prague Stock Exchange:CETV) announced today the appointment of David Sach as Chief Financial Officer, effective March 1, 2010. Mr. Sach succeeds Charles Frank, who has been serving as CME's interim Chief Financial Officer since July 2009.

"David is a great addition to our senior management team," said Adrian Sarbu, President and CEO of CME. "His experience in technology and media companies and strategic financial management make him an excellent fit for us, and I look forward to working with him to build CME in 2010 and beyond. I would also like to thank Charles Frank for his contribution over the last eight months as interim CFO."

Prior to joining CME, Mr. Sach served as Chief Financial Officer at Clearwire Corporation, a NASDAQ-listed group that provides high-speed internet services to consumers and businesses in the USA. Before that, Mr. Sach was Chief Financial Officer of Millicom International Cellular SA, an emerging markets mobile telephony group listed in the NASDAQ 100 and on the Stockholm Stock Exchange.

Mr. Sach also held several senior finance roles at France Telecom, EMI Group PLC and Thomson Professional Publishing. Mr. Sach began his career with Price Waterhouse in New York.

CME is a vertically integrated media company operating leading broadcasting, internet and TV content businesses in seven Central and Eastern European countries with an aggregate population of approximately 97 million people. CME's television stations are located in Bulgaria (Pro.bg and Ring.bg), Croatia (Nova TV), Czech Republic (TV Nova, Nova Cinema, Nova Sport and MTV Czech), Romania (PRO TV, PRO TV International, Acasa, PRO Cinema, Sport.ro and MTV Romania), Slovakia (TV Markíza, Doma), Slovenia (POP TV, Kanal A and TV Pika) and Ukraine (Studio 1+1, Studio 1+1 International and Kino). CME is traded on the NASDAQ and the Prague Stock Exchange under the ticker symbol "CETV."

For further information visit: www.cetv-net.com