improvements to its earnings but third quarter results released yesterday, still show the company in the red.

CME reported combined third quarter 2000 operating earnings for continuing operations of negative $4.4 million, an improvement of $0.2 million or, 5.3 percent, versus the same period a year ago. For the nine months ended September 30, 2000, combined operating earnings for continuing operations was $0.2 million compared to negative $6.6 million for the nine months ended September 30, 1999.

CME reported combined (which includes revenues and expenses of Markiza TV and certain entities of the Studio 1 1 Group not consolidated in the Consolidated Statements of Operations) third quarter 2000 net revenues for continuing operations, PRO TV, POP TV, Studio 1 1 and Markiza TV of $19.4 million compared to $20.3 million for the third quarter of 1999.

For the nine months ended September 30, 2000, combined net revenues were $73.1 million compared to $72.8 million for the nine months ended September 30, 1999.

Weak economic conditions in the region combined with the strength of the US dollar continued to adversely affect US dollar net revenues in all of the Company's markets.