CME announced the launch of Studio 1+1 International in US via US leading digital TV service provider DIRECTV. The channel is available to DIRECTV customers for USD 14.99/month and offers Ukrainian news, entertainment and political programming to more than 800,000 Ukrainian living in the US. We see the news as positive given that CME is trying to create new revenue streams and expanding their subscription and advertising revenue base also outside CEE region. We reiterate our Buy recommendation.