Czech firm PPF close to deal with AT&T on buying CME - reports
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PRAGUE (Reuters) - Investment group PPF, owned by the Czech Republic's richest man Petr Kellner, is close to concluding talks on buying a majority stake in Central European Media Enterprises (CME) from U.S. firm AT&T , Czech and Bulgarian media reported on Thursday.AT&T holds 64% of CME's common stock but effectively controls 75% of the company through preferred shares. The U.S. firm inherited CME after its merger with Time Warner.CME, which operates TV stations in the Czech Republic, Bulgaria,..