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CME Acquires Czech Blogging Business Blog.cz For Over $10 Million

Files under: News, Web 2.0
Posted by: Yakov @ 22:32 [27. 05. 08]

The leading Central and Eastern European TV broadcasting company Central European Media Enterprises (CME) acquired the leading blogging business in the Czech Republic, Blog.cz, and its parent company Jyxo for a total of up to $12.5 million in cash from the founder Michal Illich and Centralway Investment AG. The Czech Internet advertising market is expected [...]