Bermuda-registered Central European Media Enterprises Ltd. yesterday announced that it will split its stock two for one.

The additional share will be distributed on November 4 to holders of record of the company's common stock on October 27.

Commenting on the stock split, Fred T. Klinkhammer, vice-chairman and chief executive officer of CME, said: "This split marks the recent growth in our stock price following the end of our Czech litigation, the retirement of all corporate debt and our excellent station performance. This move should permit CME shares to be more broadly held and improve liquidity for all shareholders."