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Latest Satellite News Discussion, Info Video International moves against CME at General Satellite News forum; Video International moves against CME By Chris Dziadul | March 5, 2009 | 07:13 UK CME is facing legal action ...

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Info Video International moves against CME - 05-March-2009, 11:40

Video International moves against CME

By Chris Dziadul | March 5, 2009 | 07:13 UK



CME is facing legal action by Russias leading sales house Video International (VI) over the early termination of a contract to sell advertising on the Ukrainian national commercial station Studio 1+1.
Kommersant reports that the case is likely to be heard in a court of arbitration in the UK and that CME has set aside $4.9 million (3.9 million) in compensation though expects to pay less.

The termination of the agreement between the two parties, which has been in place since 1995, was announced by CME last December.
   
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