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PRAGUE, July 3 (Reuters) - Debt-laden Central European Media Enterprises is teaming up with Ukrainian tycoon Igor Kolomoisky in a broadcasting merger likely to make or break the Prague-listed firm's future in the country. Kolomoisky agreed to inject $100 million into CME's loss-making Ukrainian TV channel, Studio 1+1, while merging it with his own TET TV network, CME said in a statement on Friday. CME shares rose sharply on the news, and analysts said it would alleviate funding concerns surrounding the group, which operates in seven central and eastern European countries including the Czech Republic and Romania. The tycoon, who holds a stake in CME and sits on the company's board, will own 49 percent of the merged broadcast assets and CME the remaining 51 percent, which it has the right to sell on to Kolomoisky within a year... [read full story]
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