UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
CENTRAL EUROPEAN MEDIA ENTERPRISES LTD.
---------------------------------------
(Name of Issuer)
Class A Common Stock, $.01 par value
------------------------------------
(Title of Class of Securities)
G 2004 5103
--------------
(CUSIP Number)
September 14, 1999
-------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Page 1 of 5 pages)
<PAGE>
SCHEDULE 13G
CUSIP No. G20045103 Page 2 of 6 Pages
---------
1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSONS
Mark A. Riely
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ] (b)[ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
5 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
VOTING POWER
123,000
6 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SHARED
VOTING POWER
819,200
7 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
DISPOSITIVE POWER
123,000
8 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SHARED
DISPOSITIVE POWER
819,200
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
942,200
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.1%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
page 2 of 5 pages
<PAGE>
Item 1(a). Name of Issuer:
Central European Media Enterprises Ltd.
Item 1(b). Address of Issuer's Principal Executive Offices:
Clarendon House, Church Street
Hamilton
HM CX Bermuda
Item 2(a). Name of Person Filing:
This statement is filed by:
Mark A. Riely ("Riely") with respect to the shares of Class A Common Stock,
par value $.01 per share ("Common Stock") of the Company which may be deemed to
be beneficially owned by Riely, including 81,000 shares of Common Stock owned of
record by Riely, 32,000 shares of Common Stock owned by an IRA F/B/O Riely (the
"Mark Riely IRA"), 10,000 shares of Common Stock owned by a SEP IRA F/B/O Riely
(the "Riely SEP IRA"), 693,900 shares of Common Stock owned by Media Group
Partners, L.P. which has a sole general partner, Media Group Management, Inc.,
of which Riely is a 75% shareholder, and 125,300 shares of Common Stock owned by
Media Group Investments, Ltd., which has as its investment advisor Vercingetorix
Corp., of which Riely is a 50% shareholder.
Item 2(b). Address of Principal Business Office, or, if None, Residence:
The address of Riely is 260 Broadway, Suite 2-D, New York, New
York 10013.
Item 2(c). Citizenship:
Riely is a United States citizen.
Item 2(d). Title of Class of Securities:
This statement relates to the Company's Class A Common Stock, par
value $.01 per share.
Item 2(e). CUSIP Number:
G20045103
Item 3. If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b)
or (c), check whether the person is a:
(a) [ ] Broker or dealer registered under Section 15 of the Act,
(b) [ ] Bank as defined in Section 3(a)(6) of the Act,
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act,
(d) [ ] Investment Company registered under Section 8 of the Investment
Company Act,
(e) [ ] Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E),
(f) [ ] Employee Benefit Plan or Endowment Fund in accordance with
Rule 13d-1(b)(1)(ii)(F),
(g) [ ] Parent Holding Company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G),
(h) [ ] Savings Association as defined in Section 3(b) of the Federal Deposit
Insurance Act,
(i) [ ] Church Plan that is excluded from the definition of an investment
company under Section 3(c)(14) of the Investment Company Act.
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
(Page 3 of 5 pages)
<PAGE>
If this statement is filed pursuant to Rule 13d-1(c) check this box. |X|
Item 4. Ownership.
(a) Amount beneficially owned: 942,200
(b) Percent of class: 5.1%
(c) (i) Sole power to vote or direct the vote: 123,000
(ii) Shared power to vote or direct the vote: 819,200
(iii) Sole power to dispose or direct the disposition: 123,000
(iv) Shared power to dispose or direct the disposition: 819,200
As of September 14, 1999, Riely has the sole power to vote and dispose of
81,000 shares of Common Stock owned of record by Riely, 32,000 shares of Common
Stock owned by Mark Riely IRA, 10,000 shares of Common Stock owned by Riely SEP
IRA. Riely has the shared power to vote and dispose of 693,900 shares of Common
Stock directly owned by Media Group Partners, L.P. and beneficially owned by
Media Group Management, Inc., of which Riely is a 75% shareholder, and 125,300
shares of Common Stock directly owned by Media Group Investments, Ltd., which
has as its investment advisor Vercingetorix Corp., of which Riely is a 50%
shareholder.
Item 5. Ownership of Five Percent or Less or a Class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
See Item 4.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Riely hereby makes the following certification:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
(Page 4 of 5 pages)
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: September 14, 1999
/s/ Mark A. Riely
-------------------------
Mark A. Riely
(Page 5 of 5 pages)
