registration statement with the US Securities and Exchange Commission to sell 4 million Class A shares.

Proceeds of the offering will be used to fund expansion of broadcast operations into Romania, Slovenia, the Slovak Republic and Hungary, and into regions of Germany.

Schroder Wertheim & Co., Prudential Securities Inc. and Smith Barney Inc. are managing the offering, the company said.

Bermuda-based Central European Media owns and operates regional private commercial television stations in Central and Eastern Europe and in Germany.

CME shares dropped $1.75 to $25.50 on Thursday. -- Bloomberg