SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
X	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* TIME WARNER INC. (Last) (First) (Middle) ONE TIME WARNER CENTER (Street) NEW YORK NY 10019 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol CENTRAL EUROPEAN MEDIA ENTERPRISES LTD [ CETV ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 04/25/2018
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	04/25/2018		X		46,822,524(1)(2)	A	$46,822,524	108,230,299	I	By Subsidiary(3)
Class A Common Stock	04/25/2018		X		24,104,472(1)(2)	A	$24,104,472	132,334,771	I	By Subsidiary(3)
Class A Common Stock	04/25/2018		X		6,300,000(1)(2)	A	$6,300,000	138,634,771	I	By Subsidiary(3)
Class A Common Stock	04/25/2018		X		23,700,000(1)(2)	A	$23,700,000	23,700,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class A Common Stock Warrant (right to buy)(2)	$1	04/25/2018		X			46,822,524	05/02/2016	05/02/2018	Class A Common Stock	46,822,524	$0	0	I	By Subsidiary(3)
Class A Common Stock Warrant (right to buy)(2)	$1	04/25/2018		X			24,104,472	05/02/2016	05/02/2018	Class A Common Stock	24,104,472	$0	0	I	By Subsidiary(3)
Class A Common Stock Warrant (right to buy)(2)	$1	04/25/2018		X			6,300,000	05/02/2016	05/02/2018	Class A Common Stock	6,300,000	$0	0	I	By Subsidiary(3)
Class A Common Stock Warrant (right to buy)(2)	$1	04/25/2018		X			23,700,000	05/02/2016	05/02/2018	Class A Common Stock	23,700,000	$0	0	D

1. Name and Address of Reporting Person* TIME WARNER INC. (Last) (First) (Middle) ONE TIME WARNER CENTER (Street) NEW YORK NY 10019 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* TW Media Holdings LLC (Last) (First) (Middle) ONE TIME WARNER CENTER (Street) NEW YORK NY 10019 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Time Warner Media Holdings B.V. (Last) (First) (Middle) PIET HEINKADE 173 1019 GM (Street) AMSTERDAM P7 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. Time Warner Inc. ("Time Warner") and Time Warner Media Holdings B.V. ("TW Holdings B.V.") have executed and delivered a Standing Proxy/Authorization pursuant to which the independent directors of Central European Media Enterprises Ltd. (the "Issuer") will be directed to vote the shares of Class A Common Stock acquired by Time Warner and TW Holdings B.V. through the exercise of warrants on April 25, 2018 in accordance with the instructions contained in the Standing Proxy/Authorization. The Standing Proxy/Authorization cannot be revoked for a period of two years and may be extended for one additional year.

2. Time Warner and TW Holdings B.V. acquired the warrants on May 2, 2014 in connection with financing transactions undertaken by the Issuer.

3. TW Holdings B.V. is a wholly owned subsidiary of TW Media Holdings LLC, whose interests are held by Time Warner and another subsidiary of Time Warner.

Remarks:

See Exhibit 99 - Joint Filer Agreement. TW Holdings B.V. may be deemed a director of the Issuer by virtue of its right to nominate representatives to serve on the Issuer's board of directors. Mr. Paul Cappuccio, Ms. Iris Knobloch, Mr. Doug Shapiro, and Mr. Gerhard Zeiler currently serve as TW Holdings B.V.'s representatives on the Issuer's board. Exhibit List: Exhibit 99 - Joint Filer Agreement

	Brenda C. Karickhoff, Senior Vice President of Time Warner Inc.	04/26/2018
	** Signature of Reporting Person	Date
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