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CENTRAL EUROPEAN MEDIA ENTERPRISES LTD.
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(Name of Issuer)
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Class A Common Stock, par value $0.08 per share |
(Title of Class of Securities)
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G20045202 |
(CUSIP Number) |
Paul T. Cappuccio, Esq.
Executive Vice President and General Counsel
Time Warner Inc.
One Time Warner Center
New York, New York 10019
(212) 484-8000
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
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April 5, 2016
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(Date of Event which Requires
Filing of this Schedule)
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CUSIP No. G20045202 | Page 2 of 11 Pages | |||
1
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NAMES OF REPORTING PERSONS
Time Warner Inc.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
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☐
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(b)
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☒
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS
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WC (See Item 3)
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5
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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0 (See Item 5)
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8
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SHARED VOTING POWER
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162,334,771 (See Item 5)
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9
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SOLE DISPOSITIVE POWER
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0 (See Item 5)
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10
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SHARED DISPOSITIVE POWER
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162,334,771 (See Item 5)
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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162,334,771 (See Item 5)
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12
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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☐
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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68.6%1 (See Item 5)
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14
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TYPE OF REPORTING PERSON
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CO
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____
(1) Excluding the shares of Class A Common Stock issuable upon the exercise of the Unit Warrants, Private Placement Warrants and Initial Warrants, as of the close of business on April 5, 2016, the 61,407,775 shares of Class A Common Stock the Reporting Persons beneficially own represented approximately 45% of the outstanding shares of CME Common Stock (See Item 5).
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CUSIP No. G20045202 | Page 3 of 11 Pages | |||
1
|
NAMES OF REPORTING PERSONS
TW Media Holdings LLC
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
|
(b)
|
☒
|
|||
|
|
|||
3
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SEC USE ONLY
|
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|||
4
|
SOURCE OF FUNDS
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WC (See Item 3)
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|||
5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
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|
☐
|
|
|
|
|||
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|
|||
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
0 (See Item 5)
|
|
|
||
|
|
|||
8
|
SHARED VOTING POWER
|
|
|
|
162,334,771 (See Item 5)
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|
|
||
|
|
|||
9
|
SOLE DISPOSITIVE POWER
|
|
|
|
0 (See Item 5)
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|
|
||
|
|
|||
10
|
SHARED DISPOSITIVE POWER
|
|
|
|
162,334,771 (See Item 5)
|
|
|
||
|
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
|
162,334,771 (See Item 5)
|
|
|
||
|
|
|||
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
|
☐
|
|
|
|
|||
|
|
|||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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|
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68.6%1 (See Item 5)
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|
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||
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|||
14
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TYPE OF REPORTING PERSON
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|
OO (See Item 2)
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____
(1) Excluding the shares of Class A Common Stock issuable upon the exercise of the Unit Warrants, Private Placement Warrants and Initial Warrants, as of the close of business on April 5, 2016, the 61,407,775 shares of Class A Common Stock the Reporting Persons beneficially own represented approximately 45% of the outstanding shares of CME Common Stock (See Item 5).
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CUSIP No. G20045202 | Page 4 of 11 Pages | |||
1
|
NAMES OF REPORTING PERSONS
Time Warner Media Holdings B.V.
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|
|
|
|
|
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||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
|
(b)
|
☒
|
|||
|
|
|||
3
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SEC USE ONLY
|
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|||
4
|
SOURCE OF FUNDS
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WC (See Item 3)
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||
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|||
5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
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|
☐
|
|
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|||
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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The Netherlands
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|
|
0 (See Item 5)
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|
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||
|
|
|||
8
|
SHARED VOTING POWER
|
|
|
|
162,334,771 (See Item 5)
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|
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||
|
|
|||
9
|
SOLE DISPOSITIVE POWER
|
|
|
|
0 (See Item 5)
|
|
|
||
|
|
|||
10
|
SHARED DISPOSITIVE POWER
|
|
|
|
162,334,771 (See Item 5)
|
|
|
||
|
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
|
162,334,771 (See Item 5)
|
|
|
||
|
|
|||
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
|
☐
|
|
|
|
|||
|
|
|||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|
|
|
68.6%1 (See Item 5)
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|
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||
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|
|||
14
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TYPE OF REPORTING PERSON
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|
OO (See Item 2)
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____
(1) Excluding the shares of Class A Common Stock issuable upon the exercise of the Unit Warrants, Private Placement Warrants and Initial Warrants, as of the close of business on April 5, 2016, the 61,407,775 shares of Class A Common Stock the Reporting Persons beneficially own represented approximately 45% of the outstanding shares of CME Common Stock (See Item 5).
|
TIME WARNER INC. | |||
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By:
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/s/ Olaf Olafsson | |
Name: Olaf Olafsson | |||
Title: Executive Vice President, International &
Corporate Strategy
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TW MEDIA HOLDINGS LLC | |||
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By:
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/s/ Olaf Olafsson | |
Name: Olaf Olafsson | |||
Title: President | |||
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TIME WARNER MEDIA HOLDINGS B.V. | |||
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By:
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/s/ Stephen N. Kapner | |
Name: Stephen N. Kapner | |||
Title: Director | |||
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Executive Officers of Time Warner Inc.
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Name
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Principal Occupation
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Jeffrey L. Bewkes
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Chairman of the Board and Chief Executive Officer
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Howard M. Averill
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Executive Vice President and Chief Financial Officer
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Paul T. Cappuccio
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Executive Vice President and General Counsel
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Gary L. Ginsberg
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Executive Vice President, Corporate Marketing & Communications
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Karen Magee
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Executive Vice President and Chief Human Resources Officer
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Carol A. Melton | Executive Vice President, Global Public Policy | ||
Olaf Olafsson* | Executive Vice President, International & Corporate Strategy | ||
Directors of Time Warner Inc. | |||
Name | Principal Occupation | Business Address | |
James L. Barksdale | Chairman and President, Barksdale Management Corporation (private investment management) |
Barksdale Management Corporation
800 Woodland Parkway, Suite 118
Ridgeland, MS 39157
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William P. Barr | Former Attorney General of the United States | N/A | |
Jeffrey L. Bewkes | Chairman of the Board and Chief Executive Officer, Time Warner Inc. (media and entertainment) | N/A | |
Stephen F. Bollenbach | Former Co-Chairman and Chief Executive Officer, Hilton Hotels Corporation (hospitality) | c/o BHIC LLC 2029 Century Park East, Suite 3500 Los Angeles, CA 90067 |
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Robert C. Clark | Distinguished Service Professor, Harvard University (higher education) |
Harvard Law School
Hauser 404 1575 Massachusetts Avenue Cambridge, MA 02138
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Mathias Döpfner** | Chairman and Chief Executive Officer, Axel Springer SE (integrated multi-media company) | Axel Springer SE Axel-Springer-Strasse 65 10888 Berlin, Germany |
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Jessica P. Einhorn | Former Dean, Paul H. Nitze School of Advanced International Studies (SAIS), The Johns Hopkins University (higher education) | Rock Creek Group 1133 Connecticut Ave, NW Washington, DC 20036
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Carlos M. Gutierrez | Chair, Albright Stonebridge Group (global strategy firm) |
601 Thirteenth Street, NW 10th Floor Washington, DC 20005 |
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Fred Hassan | Partner and Managing Director, Warburg Pincus LLC (private investment firm) | Royal Palm Place 101 Plaza Real South, Suite 203-S Boca Raton, FL 33432 |
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Kenneth J. Novack | Former Partner, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, PC (law firm) | One Financial Center, 39th Floor Boston, MA 02111 |
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Paul D. Wachter | Founder and Chief Executive Officer, Main Street Advisors, Inc. (private investment and financial advisory firm) |
Main Street Advisors, Inc.
3110 Main Street, Suite 310
Santa Monica, CA 90405 |
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Deborah C. Wright | Senior Fellow in the Economic Opportunity and Assets Division, the Ford Foundation (non-profit organization) and Non-Executive Chairman, Carver Bancorp, Inc. (banking) | Ford Foundation 320 East 43rd Street New York, NY 10017 |
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Executive Officers of TW Media Holdings LLC
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Name
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Principal Occupation
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Howard M. Averill
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Executive Vice President and Chief Financial Officer, Time Warner Inc.
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Olaf Olafsson*
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Executive Vice President, International & Corporate Strategy, Time Warner Inc.
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Directors of Time Warner Media Holdings B.V.
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Name
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Principal Occupation
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Eric Broet*
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Senior Vice President & Chief Financial Officer, Warner Bros. Entertainment
France S.A.S., 115/113 Avenue Charles de Gaulle, 92525
Neuilly-sur-Seine cedex, France
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Manuel Urrutia**
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Senior Vice President, International and Corporate Strategy, Time Warner Inc.
|
Stephen N. Kapner | Vice President and Assistant Treasurer, International, Time Warner Inc. |