Adrian Sarbu, the general manager of American group Central European Media Enterprises (CME), which runs the local Pro TV station, sold at the end of last year 40,567 shares, at a price of USD 6.89 per share, according to Wall-Street.ro
Last year, Sarbu carried out 13 transactions with CME shares, cashing in over USD 6.89 million.
Sarbu became general manager of CME on July 28, 2009, when one share of the company sold for USD 21.38.
In Romania, CME owns TV channel Pro TV, the content and distribution division Media Pro Entertainment and the video-on-demand service Voyo.
CME was founded in 1994 and currently has operations in six East and Central European countries: the Czech Republic, Romania, Slovakia, Bulgaria, Slovenia and Croatia.