1. 3Q 2006 Conference Call Presentation November 9, 2006

2. 2 Safe Harbor Statement This presentation contains forward-looking statements including statements regarding the impact of the impact of legal proceedings in Ukraine, the renewal of our broadcasting license in Ukraine, the effect of additional investment in Croatia, the impact of rationalization of our operations in the Czech Republic and the Slovak Republic, our ability to attract advertisers in the Czech Republic, our ability to develop and implement multi-channel strategies generally, the growth of television advertising within our markets, the future economic conditions in our markets, future investments in television broadcast operations, and other business strategies and commitments. For these statements and all other forward-looking statements we claim the protection of the safe harbour 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 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, results of operations and cash flows, 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 general regulatory environments where we operate and application of relevant laws and regulations, the renewals of broadcasting licenses, the rate of development of advertising markets in countries where we operate, our ability to acquire necessary programming and the ability to obtain additional frequencies and licenses, and general market and economic conditions in these countries as well as in the United States and Western Europe. These forward looking statements speak only as of the date of this presentation, and we expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in events, conditions or circumstances on which any such statement is based. Our presentation also contains non-GAAP financial measures, as defined in Regulation G, adopted by the SEC. We provide a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measure in our quarterly earnings releases, which can be found on our website at www.cme-net.com and in the Appendix at the end of these slides.www.cme-net.com

3. 3 Agenda Michael Garin, CEO Wallace Macmillan, CFO 1.Highlights 2.Results of Operations 3.Summary 4.Questions and answers Romana Tomasova, Director of Corporate Communications Daniel Penn, General Counsel Marina Williams, Executive VP Marijan Jurenec, Regional Director Adrian Sarbu, Regional Director

4. 4 Operational Highlights 2006 Guidance reaffirmed Implementation of CME regional management model Excellent results in quarter three Outstanding quarter in Romania with EBITDA growing 50% Restructuring in the Czech Republic delivers outstanding ratings and strong financial results Significant increase in ratings and audience share in Slovakia Prime time audience share in Croatia above 20% On air and online success in Slovenia led by the Bar reality show Strong ratings in Studio 1+1; Q3 revenues restricted by political uncertainty; new government now in place Ukraine license extended; successful appeal in ownership litigation Launch of KINO channel in Ukraine

5. 5 Financial Highlights Segment Net Revenue up 34% Segment EBITDA growth of 39% Segment EBITDA margin of 31% (2005: 30%) Segment Net Revenues* Segment EBITDA* For a reconciliation of non-GAAP financial measures (Segment Net Revenues and Segment EBITDA) to the most comparable GAAP financial measures, please see the reconciliation slide in the Appendix Year to date vs. 2005 * Does not include Czech Republic pre-acquisition results

6. 6 Sales Development Segment Net Revenues by Quarter * Guidance for Quarter 4 2002-2005 revenue including acquisitions CAGR³ 50%¹ 2002-2005 revenue for original² stations CAGR 28% ¹ Includes Croatia from July 2004 and Czech Republic from May 2005 ² Original stations comprise operations in Romania, Slovenia and Ukraine ³ CAGR: Compound Annual Growth Rate Source: CME Quarter 4 Guidance * Guidance for Quarter 4 For a reconciliation of non-GAAP financial measures (Segment Net Revenues and Segment EBITDA) to the most comparable GAAP financial measures, please see the reconciliation slide in the Appendix

7. 7 Romania Prime Time Audience Share Trends 18-49 US$ millionsThree months ended 30 SeptemberNine months ended 30 September 20062005Growth (%)20062005Growth (%) Net Revenues29.321.139%96.966.845% EBITDA11.77.850%39.826.053% EBITDA Margin %40%37% 41%39% 30 Sept 2006 30 Sept 2005 31 Dec 2005 Source: Peoplemeters TNS-AGB-Intl The percentage growth and EBITDA margin figures have been calculated on the underlying data in the 10-Q filed on November 9, 2006 For a reconciliation of non-GAAP financial measures (Segment Net Revenues and Segment EBITDA) to the most comparable GAAP financial measures, please see the reconciliation slide in the Appendix

8. 8 Slovak Republic – TV Markiza Prime Time Audience Share Trends 12-49 US$ millionsThree months ended 30 SeptemberNine months ended 30 September 20062005Growth (%)20062005Growth (%) Net Revenues13.911.719%45.244.03% EBITDA2.40.9175%9.311.0(16)% EBITDA Margin %17%7% 21%25% 30 Sept 2005 31 Dec 2005 30 Sept 2006 Source: PMT /TNS SK The percentage growth and EBITDA margin figures have been calculated on the underlying data in the 10-Q filed on November 9, 2006 For a reconciliation of non-GAAP financial measures (Segment Net Revenues and Segment EBITDA) to the most comparable GAAP financial measures, please see the reconciliation slide in the Appendix

9. 9 Slovenia – POP TV & KANAL A Prime Time Audience Share Trends 12-49 US$ millionsThree months ended 30 SeptemberNine months ended 30 September 20062005Growth (%)20062005Growth (%) Net Revenues9.17.719%34.931.511% EBITDA1.21.019%10.710.25% EBITDA Margin %13% 31%32% 2005 2006 30 Sept 2006 30 Sept 2005 31 Dec 2005 30 Sept 2006 Source: Peoplemeters AGB Nielsen Media Research The percentage growth and EBITDA margin figures have been calculated on the underlying data in the 10-Q filed on November 9, 2006 For a reconciliation of non-GAAP financial measures (Segment Net Revenues and Segment EBITDA) to the most comparable GAAP financial measures, please see the reconciliation slide in the Appendix

10. 10 Ukraine – Studio 1+1 Prime Time Audience Share Trends 14-49 US$ millionsThree months ended 30 SeptemberNine months ended 30 September 20062005Growth (%)20062005Growth (%) Net Revenues15.613.218%62.144.739% EBITDA(0.8)2.5(134)%16.19.864% EBITDA Margin %(5)%19% 26%22% 30 Sept 2005 31 Dec 2005 30 Sept 2006 Source: Peoplemeters GFK USM The percentage growth and EBITDA margin figures have been calculated on the underlying data in the 10-Q filed on November 9, 2006 For a reconciliation of non-GAAP financial measures (Segment Net Revenues and Segment EBITDA) to the most comparable GAAP financial measures, please see the reconciliation slide in the Appendix

11. 11 Ukraine – Kiev - KINO Prime Time Audience Share Trends 18-49 for Kino and Selected Competitors Selected competitors only with an affinity index to Target Audience (TA) Kiev 18-49 of more than 100%. Does not include major national channels. The population of TA Kiev 18-49 is 1,276,431. US$ millionsThree months ended 30 SeptemberNine months ended 30 September 20062005Growth(%)20062005Growth (%) Net Revenues0.2--0.8-- EBITDA(1.2)--(1.7)-- EBITDA Margin %(653)%- (230)%- 30 Sept 2006 1 July 2006 Launch Source: Peoplemeters GFK USM The percentage growth and EBITDA margin figures have been calculated on the underlying data in the 10-Q filed on November 9, 2006 For a reconciliation of non-GAAP financial measures (Segment Net Revenues and Segment EBITDA) to the most comparable GAAP financial measures, please see the reconciliation slide in the Appendix

12. 12 Czech Republic – TV Nova Prime Time Audience Share Trends 15-54 US$ millionsAs Reported Including 2005 Pre-acquisition* Three months ended 30 SeptemberNine months ended 30 September 20062005Growth (%)20062005Growth (%)20062005Growth (%) Net Revenues40.140.9(2)%137.088.755%137.0169.7(19)% EBITDA17.211.944%59.540.248%59.579.5(25)% EBITDA Margin %43%29% 43%45% 43%47% * Including pre-acquisition data, based on management estimates 30 Sept 2006 30 Sept 2005 31 Dec 2005 Source: ATO – Mediaresearch The percentage growth and EBITDA margin figures have been calculated on the underlying data in the 10-Q filed on November 9, 2006 For a reconciliation of non-GAAP financial measures (Segment Net Revenues and Segment EBITDA) to the most comparable GAAP financial measures, please see the reconciliation slide in the Appendix

13. 13 Croatia – Nova TV Prime Time Audience Share Trends 18-49 US$ millionsThree months ended 30 SeptemberNine months ended 30 September 20062005Growth (%)20062005Growth (%) Net Revenues4.34.23%13.716.8(18)% EBITDA(4.5)(4.8)5%(11.6)(9.6)(22)% EBITDA Margin %(106)%(114)% (85)%(57)% 2005 2006 30 Sept 2005 31 Dec 2005 30 Sept 2006 Source: AGB Nielsen Media Research The percentage growth and EBITDA margin figures have been calculated on the underlying data in the 10-Q filed on November 9, 2006 For a reconciliation of non-GAAP financial measures (Segment Net Revenues and Segment EBITDA) to the most comparable GAAP financial measures, please see the reconciliation slide in the Appendix

14. 14 Segment Results for the Quarter Q3 Segment Analysis – Net Revenues and EBITDA** (US$ millions) Three months ended 30 September Segment Net RevenuesSegment EBITDA 20062005 Growth (%) LFC* Growth (%)20062005 Growth (%) LFC* Growth (%) Romania29.321.139% 11.77.850% Slovak Republic13.911.719%10%2.40.9175%92% Slovenia9.17.719%13%1.21.119%0% Ukraine (STUDIO 1+1)15.613.218% (0.8)2.5(134)% Total Original Stations67.953.726% 14.512.319% Original Stations Segment EBITDA Margin 21%23% Czech Republic40.140.9(2)%(10)%17.211.944%32% Ukraine (KINO)0.2---(1.2)--- Croatia4.34.23%(3)%(4.5)(4.8)5%6% Total112.598.814% 26.019.435% Total Segment EBITDA Margin 23%20% * Local Functional Currency ** Does not include Czech Republic pre-acquisition results ¹ Ratio of Total Original Stations Segment EBITDA to Total Original Stations Segment Net Revenues ² Ratio of Total Segment EBITDA to Total Segment Net Revenues The percentage growth and EBITDA margin figures have been calculated on the underlying data in the 10-Q filed on November 9, 2006 For a reconciliation of non-GAAP financial measures (Segment Net Revenues and Segment EBITDA) to the most comparable GAAP financial measures, please see the reconciliation slide in the Appendix

15. 15 Segment Results Year-to-Date YTD Segment Analysis – Net Revenues and EBITDA** (US$ millions) Nine months ended 30 September Segment Net RevenuesSegment EBITDA 20062005 Growth (%) LFC* Growth (%)20062005 Growth (%) LFC* Growth (%) Romania96.966.845% 39.826.053% Slovak Republic45.244.03%1%9.311.0(16)%(17)% Slovenia34.931.511%13%10.710.25%7% Ukraine (STUDIO 1+1)62.144.739% 16.19.864% Total Original Stations239.1187.028% 75.957.033% Original Stations Segment EBITDA Margin¹ 32%30% Czech Republic137.088.755%46%59.540.248%40% Ukraine (KINO)0.8---(1.7)--- Croatia13.716.8(18)% (11.6)(9.6)(22)% Total390.6292.534% 122.187.639% Total Segment EBITDA Margin 31%30% * Local Functional Currency ** Does not include Czech Republic pre-acquisition results ¹ Ratio of Total Original Stations Segment EBITDA to Total Original Stations Segment Net Revenues ² Ratio of Total Segment EBITDA to Total Segment Net Revenues The percentage growth and EBITDA margin figures have been calculated on the underlying data in the 10-Q filed on November 9, 2006 For a reconciliation of non-GAAP financial measures (Segment Net Revenues and Segment EBITDA) to the most comparable GAAP financial measures, please see the reconciliation slide in the Appendix

16. 16 Summary Financial Results (1) Summary Consolidated Income Statement (US$ millions) Three months ended 30 SeptemberNine months ended 30 September 20062005 (as restated)¹ 2006 2005 (as restated)¹ Net Revenues 112.587.1388.8248.5 Station Costs and Depreciation (97.6)(77.5)(297.3)(187.8) Corporate Costs (8.3)(4.8)(24.0)(16.1) Impairment Charge --(0.7)(35.3) Operating Income 6.6 4.866.89.3 Net Interest Income / (Expenses) (9.5) (9.9)(28.1)(15.0) Foreign Currency Gain / (Loss) 6.0 0.9(25.5)30.3 Provision for Income Taxes (1.2) (2.2)(8.8)(8.1) Non-Operating Income / (Expenses) 4.9 (0.8)2.6(4.5) Minority Interest in (Income) / Loss of Consolidated Subsidiaries (0.5) 1.0(7.2)(3.6) Equity in Income / (Loss) of Unconsolidated Affiliates - (0.1)(0.7)4.8 Net Income / (Loss) from Continuing Operations 6.3 (6.3)(0.9)13.2 Net Income / (Loss) 3.9 (9.7)(5.8)7.8 Total Comprehensive Income / (Loss) 7.4 1.6 74.9 (26.0) Please refer to forms 10-Q filed November 9, 2006 and 10-K and 10-K/A filed March 2, 2006, April 1, 2005, respectively, for the full financial statements and related notes and disclosures. ¹ Please refer to form 10-Q filed November 9, 2006 note 2 for reasons for restatement

17. 17 Summary Financial Results (2) Summary Consolidated Balance Sheets (US$ millions) As at 30 September 2006As at 31 December 2005 (as restated)¹ Current assets 377.1 287.0 Non-Current Assets 1,293.5 1,101.9 Total Assets 1,670.6 1,388.9 Current Liabilities 180.0 207.0 Non-Current Liabilities 540.3 488.1 Total Liabilities 720.3 695.1 Minority Interests in Consolidated Subsidiaries 20.3 13.2 Shareholders' Equity 930.0 680.6 Total Liabilities & Shareholders' Equity 1,670.6 1,388.9 Cash & Cash Equivalents 164.5 71.7 Total Credit Facilities and Obligations under Capital Leases & Senior Notes (486.0) (484.7) Net Debt (321.5) (413.0) Please refer to forms 10-Q filed November 9, 2006 and 10-K and 10-K/A filed March 2, 2006, April 1, 2005, respectively, for the full financial statements and related notes and disclosures. ¹ Please refer to form 10-Q filed November 9, 2006 note 2 for reasons for restatement

18. 18 Summary Financial Results (3) Cash Flow (US$ millions) Nine months ended 30 September 2006 Nine months ended 30 September 2005 (as restated)¹ Net cash from continuing operating activities67.944.5 Net cash used in continuing investing activities(100.8)(285.1) Net cash received from financing activities132.2197.8 Net cash used in discontinued operations(1.7)(2.0) Impact of exchange rate fluctuations(4.8)(7.4) Net increase / (decrease) in cash and cash equivalents92.8(52.2) Please refer to forms 10-Q filed November 9, 2006 and 10-K and 10-K/A filed March 2, 2006, April 1, 2005, respectively, for the full financial statements and related notes and disclosures. ¹ Please refer to form 10-Q filed November 9, 2006 note 2 for reasons for restatement

19. 19 2006 Guidance Unchanged Segment Results (US$ millions) Other Guidance (US$ millions) Capital Investment 55 Corporate Overheads (excluding stock-based compensation) 28 Total Segment Net Revenues 585 Total Segment EBITDA204 Total Segment EBITDA Margin35%

20. 20 Closing Remarks Guidance maintained Great start to fall season Czech restructuring delivers as promised New Media highlights

21. Appendix

22. 22 US GAAP Reconciliation Segment Net Revenues Reconciliation (US$ millions) Three months ended 30 September 2006 Three months ended 30 September 2005 Nine months ended 30 September 2006 Nine months ended 30 September 2005 Full Year 2006 Guidance Station Segment: Czech Republic (TV NOVA, GALAXIE SPORT)40.140.9 137.0 88.7 Romania (1) 29.3 21.1 96.9 66.8 Slovak Republic (MARKIZA TV) 13.9 11.7 45.2 44.0 Slovenia (POP TV, KANAL A) 9.1 7.7 34.9 31.5 Ukraine (STUDIO 1+1, KINO) 15.8 13.2 62.9 44.7 Croatia (NOVA TV) 4.3 4.2 13.7 16.8 Total Combined Segment Net Revenues 112.5 98.8 390.6 292.5 585.0 Reconciliation to Consolidated Statement of Operations: Consolidated Net Revenues 112.5 87.1 388.8 248.5 583.0 Unconsolidated Equity Affiliates - 11.7 1.8 44.0 2.0 Total Combined Segment Net Revenues 112.5 98.8 390.6 292.5 585.0 (1) Romanian networks are PRO TV, PRO CINEMA, ACASA and PRO TV INTERNATIONAL

23. 23 US GAAP Reconciliation Segment EBITDA Reconciliation (US$ millions) * We do not present a reconciliation of anticipated segment EBITDA to the US GAAP result for the year ended December 31, 2006 because we have a significant amount of debt that is denominated in Euros, and consequently our net earnings are subject to inherently unpredictable and potentially material foreign currency gains and losses Three months ended 30 September 2006 Three months ended 30 September 2005 Nine months ended 30 September 2006 Nine months ended 30 September 2005 Full Year 2006 Guidance* Station Segment: Czech Republic (TV NOVA, GALAXIE SPORT)17.211.959.540.2 Romania (1)11.77.839.826.0 Slovak Republic (MARKIZA TV)2.40.99.311.0 Slovenia (POP TV, KANAL A)1.21.110.710.2 Ukraine (STUDIO 1+1, KINO)(2.0)2.514.49.8 Croatia (NOVA TV)(4.5)(4.8)(11.6)(9.6) Segment EBITDA26.019.4122.187.6204.0 Reconciliation to Consolidated Statement of Operations: Income/(loss) before provision for income taxes, minority interest and discontinued operations1.8(5.1)9.620.2 Unconsolidated Equity Affiliates-0.9(1.3)11.0 Depreciation/Impairment/Interest/Gain/ (loss on investments, minority interests, foreign exchange, corporate expenses)24.223.6113.856.4 Segment EBITDA26.019.4122.187.6 (1) Romanian networks are PRO TV, PRO CINEMA, ACASA and PRO TV INTERNATIONAL