Time Warner Inc. (NYSE: TWX) will take a 31% stake in Central European Media Enterprises Ltd. (Nasdaq: CETV) for $241.5 million. Shares of Time Warner rose 54 cents to $8.40 while Central European Media stock leaped $3.00 to $13.00.
Time Warner Takes 31% Stake In Central European Media
March 23, 2009 at 14:46 PM EDT
