Central European Media (CETV) +16.7% premarket after the TV broadcaster says it is receiving...

|About: Central European Media Ente... (CETV)|By:, SA News Editor

Central European Media (CETV) +16.7% premarket after the TV broadcaster says it is receiving $386M in financing from Time Warner (TWX) and billionaire Robert Lauder to pay debts coming due starting in 2013. TWX, with a 34.4% stake in CETV, can increase its stake to 49.9%. Also, CETV reports a Q1 per-share loss of $0.21 vs. a $0.33 loss Y/Y; revenues fall 3.1% to $167M.