Broadcaster CME expects 2014 OIBDA of $80-90 million

May 7, 2014

PRAGUE, May 7 (Reuters) - Broadcaster Central European Media Enterprises (CME) expects to post operating income before depreciation and amortisation (OIBDA) of $80-90 million in 2014 after a loss last year, it said in a presentation on its website.

The company, which owns television stations in central and eastern Europe, posted on OIBDA loss of $46.5 million in 2013.

The outlook is based on the assumption exchange rates remain constant, CME said.

(Reporting by Jason Hovet; Editing by Erica Billingham)