April 23, 2010 (FinancialWire) — Central European Media Enterprises Ltd. (CME) (NASDAQ: CETV) has closed its acquisition from News Corp. (NASDAQ: NWS) the bTV group in Bulgaria, which includes bTV, the leading free-to-air commercial television channel in Bulgaria, as well as bTV Cinema and bTV Comedy cable channels and several radio stations.

Total cash consideration was $400 million plus a payment of $13 million for a working capital adjustment.

CME is a leading vertically integrated media and entertaining company operating broadcasting, internet and TV content businesses in six Central and Eastern European countries with an aggregate population of approximately 50 million people.

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