Central European Media Enterprises (CME) named John Billock as its new non-executive chairman to replace billionaire founder Ronald Lauder after he stepped down last month, it said on Tuesday. Billock is a former executive for CME's main shareholder Time Warner. CME also appointed three others with Time Warner ties - Gerhard Zeiler, Iris Knobloch and Doug Shapiro - to the board.The change is the loss-making central European broadcaster's latest move to revamp its business in a bid to regain lost customers and cope with weaker advertising revenue caused by sputtering economies in the six markets in which it operates."The depth of operational and strategic experience they bring will be invaluable to the Company and its shareholders as we strive to maximize the value of our leading brands," CME co-Chief Executives Michael Del Nin and Christoph Mainusch said in a statement of the new appointees.CME is going through the toughest period of its two-decade existence after many customers in its biggest market, the Czech Republic, rejected a higher pricing strategy meant to regain income lost in a slumping TV advertising market.
Leading Brands, Inc. (Leading Brands) is engaged in beverage bottling, distribution, sales, merchandising, brand development, brand licensing and brand management of beverage products. Shares of LBIX remained unchanged at $3.99. In the past year, the shares have traded as low as $3.30 and as high as $5.83. On average, 3053 shares of LBIX exchange hands on a given day and today's volume is recorded at 0.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.04% or $-0.025/share to $63.00. In the past year, the shares have traded as low as $55.71 and as high as $70.77. On average, 5903570 shares of TWX exchange hands on a given day and today's volume is recorded at 1707255.
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