Central European Media Announces Teleconference to Provide Additional Details on Full-Year 2005 Guidance

Central European Media Announces Teleconference to Provide Additional Details on Full-Year 2005 Guidance

HAMILTON, Bermuda, May 16 /PRNewswire-FirstCall/ -- Central European Media Enterprises Ltd. ("CME") (NASDAQ:CETV) today announced that it will host a teleconference to confirm and provide additional details on its full-year 2005 guidance which was issued on May 10, 2005. Formal remarks from management, which will include expanded comments on first quarter results, will be followed by a question and answer period.

During the teleconference, CME will provide full-year 2005 revenue and EBITDA guidance for the group of stations operating in Romania, Slovakia, Slovenia and Ukraine. The Company will also provide full-year 2005 revenue guidance for TV Nova in the Czech Republic. In addition, the Company will provide full-year 2005 revenue and EBITDA guidance for Nova TV in Croatia.

Teleconference Call

The Company will host a teleconference, Wednesday, May 18, 2005 at 11:00 am (New York Time). To access the teleconference, please dial +1-888-874-9713 (U.S. callers) or +1-973-582-2706 (international callers) ten minutes prior to the start time. The teleconference will also be available via live webcast on the Company's website, located at http://www.cetv-net.com/. If you cannot listen to the teleconference at its scheduled time, there will be a replay available through May 25, 2005 that can be accessed by dialing +1-877-519-4471 (U.S. callers) or +1-973-341-3080 (international callers), passcode: 6080352. A replay will also be archived on the company's website.

Forward-Looking and Cautionary Statements

This press release contains forward-looking statements, including statements regarding expected financial performance. For these statements and all other forward-looking statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy or are otherwise beyond our control and some of which might not even be anticipated. Future events and actual results, affecting our strategic plan as well as our financial position could differ materially from those described in or contemplated by the forward-looking statements. Important factors that contribute to such risks include, but are not limited to, the rate of development of advertising markets in countries where we operate, general market and economic conditions in these countries, the US and Western Europe, the renewals of broadcasting licenses, the general regulatory environment and compliance, the ability to acquire programming and the ability to attract audiences.

Central European Media Enterprises Ltd. (CME) is a TV broadcasting company with leading stations in six Central and Eastern European countries reaching an aggregate of approximately 90 million people. The Company's television stations are located in Croatia (NOVA TV), the Czech Republic (TV NOVA) Romania (PRO TV, ACASA, PRO CINEMA), Slovakia (MARKIZA), Slovenia (POP TV, KANAL A) and Ukraine (STUDIO 1+1). CME is traded on the NASDAQ under the ticker symbol "CETV".

For additional information, please visit http://www.cetv-net.com/

Source: Central European Media Enterprises Ltd.

CONTACT: United States - Jonathan Lesko, or Michael Smargiassi
(Investors), or Olga Shmuklyer (Press), all of Brainerd Communicators, Inc.,
+1-212-986-6667, for Central European Media Enterprises Ltd.; or United
Kingdom - Wallace Macmillan (Investors), Vice President Finance & Chief
Financial Officer of Central European Media Enterprises Ltd.,
+44-20-7430-5430

Web site: http://www.cetv-net.com/

-------
Profile: intent