CME has provided information that TV Nova (owned by CME) has appointed David Stogel to be its Programming Director as of 1 January 2006. He will be responsible for developing the programming, production and acquisition strategy to enhance TV Nova’s leading position on the Czech market. David Stogel has a lot of experience in emerging TV markets, like Poland, Hungary and Romania. We see the possibility of a slightly positive impact and reiterate our BUY recommendation