----

**Exhibit      21.01**

**Subsidiaries,      equity accounted affiliates and cost investments as at March 1,      2007**

| **Company                  Name**                                                                                                                                                                                                                                                                                                   |   | **Effective****Voting                  Interest** |   | **Jurisdiction                  of Organization** |   | **Type                  of Affiliate (1)**                   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------|--------|---------------------------------------------------|--------|--------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                |   |                                              |   |                                              |   |                                                         |
| Nova                  TV d.d. (“Nova TV (Croatia)”)                                                                                                                                                                                                                                                                     |   | 100.0%                                            |   | Croatia                                           |   | Subsidiary                                                   |
| Operativna                  Kompanija d.o.o. (“OK”)                                                                                                                                                                                                                                                                     |   | 100.0%                                            |   | Croatia                                           |   | Subsidiary                                                   |
| Media                  House d.o.o.                                                                                                                                                                                                                                                                                                 |   | 100.0%                                            |   | Croatia                                           |   | Subsidiary                                                   |
|                                                                                                                                                                                                                                                                                                                                |   |                                              |   |                                              |   |                                                         |
| CME                  Media Investments s.r.o.                                                                                                                                                                                                                                                                                       |   | 100.0%                                            |   | Czech                  Republic                   |   | Subsidiary                                                   |
| VILJA                  a.s. (“Vilja”)                                                                                                                                                                                                                                                                                   |   | 100.0%                                            |   | Czech                  Republic                   |   | Subsidiary                                                   |
| CET                  21 spol. s.r.o. (“CET 21”)                                                                                                                                                                                                                                                                         |   | 100.0%                                            |   | Czech                  Republic                   |   | Subsidiary                                                   |
| ERIKA,                  a.s.                                                                                                                                                                                                                                                                                                        |   | 100.0%                                            |   | Czech                  Republic                   |   | Subsidiary                                                   |
| MEDIA                  CAPITOL, a.s.                                                                                                                                                                                                                                                                                                |   | 100.0%                                            |   | Czech                  Republic                   |   | Subsidiary                                                   |
| NOVA-V.I.P.,                  a.s.                                                                                                                                                                                                                                                                                                  |   | 100.0%                                            |   | Czech                  Republic                   |   | Subsidiary                  (in liquidation)                 |
| HARTIC,                  a.s.                                                                                                                                                                                                                                                                                                       |   | 100.0%                                            |   | Czech                  Republic                   |   | Subsidiary                                                   |
| Galaxie                  Sport s.r.o. (“Galaxie Sport”)                                                                                                                                                                                                                                                                 |   | 100.0%                                            |   | Czech                  Republic                   |   | Subsidiary                                                   |
|                                                                                                                                                                                                                                                                                                                                |   |                                              |   |                                              |   |                                                         |
| Media                  Pro International S.A. (“MPI”)                                                                                                                                                                                                                                                                   |   | 90.0%                                             |   | Romania                                           |   | Subsidiary                                                   |
| Media                  Vision S.R.L. (“Media Vision”)                                                                                                                                                                                                                                                                   |   | 75.0%                                             |   | Romania                                           |   | Subsidiary                                                   |
| MPI                  Romania B.V.                                                                                                                                                                                                                                                                                                   |   | 90.0%                                             |   | Netherlands                                       |   | Subsidiary                                                   |
| Pro                  TV S.A. (“Pro TV”)                                                                                                                                                                                                                                                                                 |   | 90.0%                                             |   | Romania                                           |   | Subsidiary                                                   |
| Sport                  Radio TV Media S.R.L. (“TV Sport”)                                                                                                                                                                                                                                                               |   | 63.0%                                             |   | Romania                                           |   | Subsidiary                                                   |
| Media                  Pro B.V                                                                                                                                                                                                                                                                                                      |   | 10.0%                                             |   | Netherlands                                       |   | Cost                  investment                             |
| Media                  Pro Management S.A.                                                                                                                                                                                                                                                                                          |   | 10.0%                                             |   | Romania                                           |   | Cost                  investment                             |
|                                                                                                                                                                                                                                                                                                                                |   |                                              |   |                                              |   |                                                         |
| A.R.J.,                  a.s. (“ARJ”)                                                                                                                                                                                                                                                                                   |   | 100.0%                                            |   | Slovak                  Republic                  |   | Subsidiary                                                   |
| MARKIZA-SLOVAKIA,                  spol. s.r.o. (“Markiza”)                                                                                                                                                                                                                                                             |   | 80.0%                                             |   | Slovak                  Republic                  |   | Subsidiary                                                   |
| GAMATEX,                  spol. s.r.o.                                                                                                                                                                                                                                                                                              |   | 80.0%                                             |   | Slovak                  Republic                  |   | Subsidiary                  (in liquidation)                 |
| A.D.A.M.                  a.s.                                                                                                                                                                                                                                                                                                      |   | 80.0%                                             |   | Slovak                  Republic                  |   | Subsidiary                  (in liquidation)                 |
|                                                                                                                                                                                                                                                                                                                                |   |                                              |   |                                              |   |                                                         |
| MMTV                  1 d.o.o.                                                                                                                                                                                                                                                                                                      |   | 100.0%                                            |   | Slovenia                                          |   | Subsidiary                                                   |
| Produkcija                  Plus d.o.o. (“Pro Plus”)                                                                                                                                                                                                                                                                    |   | 100.0%                                            |   | Slovenia                                          |   | Subsidiary                                                   |
| POP                  TV d.o.o. (“Pop TV”)                                                                                                                                                                                                                                                                               |   | 100.0%                                            |   | Slovenia                                          |   | Subsidiary                                                   |
| Kanal                  A d.o.o. (“Kanal A”)                                                                                                                                                                                                                                                                             |   | 100.0%                                            |   | Slovenia                                          |   | Subsidiary                                                   |
| Euro                  3 TV d.o.o                                                                                                                                                                                                                                                                                                    |   | 42.0%                                             |   | Slovenia                                          |   | Equity-Accounted                  Affiliate                  |
| MTC                  Holding d.o.o.                                                                                                                                                                                                                                                                                                 |   | 24.0%                                             |   | Slovenia                                          |   | Equity-Accounted                  Affiliate (in liquidation) |
|                                                                                                                                                                                                                                                                                                                                |   |                                              |   |                                              |   |                                                         |
| International                  Media Services Ltd. (“IMS”)                                                                                                                                                                                                                                                              |   | 60.0%                                             |   | Bermuda                                           |   | Subsidiary                                                   |
| Innova                  Film GmbH (“Innova”)                                                                                                                                                                                                                                                                            |   | 60.0%                                             |   | Germany                                           |   | Subsidiary                                                   |
| Foreign                  Enterprise “Inter-Media” (“Inter-Media”)                                                                                                                                                                                                                                           |   | 60.0%                                             |   | Ukraine                                           |   | Subsidiary                                                   |
| TV                  Media Planet Ltd.                                                                                                                                                                                                                                                                                               |   | 60.0%                                             |   | Cyprus                                            |   | Subsidiary                                                   |
| Studio                  1+1 LLC (“Studio 1+1”)                                                                                                                                                                                                                                                                          |   | 18.0%                                             |   | Ukraine                                           |   | Consolidated                  Variable Interest Entity       |
|                                                                                                                                                                                                                                                                                                                                |   |                                              |   |                                              |   |                                                         |
| Ukrainian                  Media Services LLC                                                                                                                                                                                                                                                                                       |   | 99.0%                                             |   | Ukraine                                           |   | Subsidiary                                                   |
| Ukrpromtorg                  -2003 LLC                                                                                                                                                                                                                                                                                              |   | 65.5%                                             |   | Ukraine                                           |   | Subsidiary                                                   |
| Gravis                  LLC                                                                                                                                                                                                                                                                                                         |   | 60.4%                                             |   | Ukraine                                           |   | Subsidiary                                                   |
| Delta                  JSC                                                                                                                                                                                                                                                                                                          |   | 60.4%                                             |   | Ukraine                                           |   | Subsidiary                                                   |
| Nart                  LLC                                                                                                                                                                                                                                                                                                           |   | 65.5%                                             |   | Ukraine                                           |   | Subsidiary                                                   |
| TV                  Stimul LLC                                                                                                                                                                                                                                                                                                      |   | 49.1%                                             |   | Ukraine                                           |   | Equity-Accounted                  Affiliate                  |
|                                                                                                                                                                                                                                                                                                                                |   |                                              |   |                                              |   |                                                         |
| CME                  Media Enterprises B.V.                                                                                                                                                                                                                                                                                         |   | 100.0%                                            |   | Netherlands                                       |   | Subsidiary                                                   |
| CME                  Czech Republic II B.V.                                                                                                                                                                                                                                                                                         |   | 100.0%                                            |   | Netherlands                                       |   | Subsidiary                                                   |
| CME                  Romania B.V.                                                                                                                                                                                                                                                                                                   |   | 100.0%                                            |   | Netherlands                                       |   | Subsidiary                                                   |
|                                                                                                                                                                                                                                                                                                                                |   |                                              |   |                                              |   |                                                         |
| Central                  European Media Enterprises N.V.                                                                                                                                                                                                                                                                            |   | 100.0%                                            |   | Netherlands                  Antilles             |   | Subsidiary                                                   |
| Central                  European Media Enterprises II B.V.                                                                                                                                                                                                                                                                         |   | 100.0%                                            |   | Netherlands                  Antilles             |   | Subsidiary                                                   |
|                                                                                                                                                                                                                                                                                                                                |   |                                              |   |                                              |   |                                                         |
| CME                  SR d.o.o.                                                                                                                                                                                                                                                                                                      |   | 100.0%                                            |   | Serbia                                            |   | Subsidiary                                                   |
| CME                  Ukraine Holding GmbH                                                                                                                                                                                                                                                                                           |   | 100.0%                                            |   | Austria                                           |   | Subsidiary                                                   |
| CME                  Cyprus Holding Ltd.                                                                                                                                                                                                                                                                                            |   | 100.0%                                            |   | Cyprus                                            |   | Subsidiary                                                   |
| CME                  Development Corporation                                                                                                                                                                                                                                                                                        |   | 100.0%                                            |   | Delaware                                          |   | Subsidiary                                                   |
| (1)                  All subsidiaries have been consolidated in our Financial Statements.                  All                  equity-accounted affiliates have been accounted for using the equity                  method. All cost investments have been accounted for using the                  cost                  method. |

----