13D Filing: TCS Capital Management and Central European Media Enterprises Ltd (CETV)

C.

Mr. Semler

(a)

Mr. Semler, as the managing member of TCS Management, may be deemed the beneficial owner of the 10,250,884 Shares owned by TCS Advisors, including 1,113,861 Shares underlying the Warrants.

Percentage: Approximately 7.0%

(b)

1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 10,250,884 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 10,250,884

(c)

Mr. Semler has not entered into any transactions in the Shares since the filing of Amendment No. 5 to the Schedule 13D. Other than the Internal Transfer on November 1, 2017, TCS Advisors has not entered into any transactions in the Shares since the filing of Amendment No. 5 to the Schedule 13D.

The Reporting
Persons, as members of a “group” for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended,
may be deemed the beneficial owner of the Shares directly owned by the other Reporting Persons.  Each Reporting Person
disclaims beneficial ownership of such Shares except to the extent of his or its pecuniary interest therein.

Item 6.

Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

Item 6 is hereby amended to add the following:

On November 3, 2017, the
Reporting Persons entered into a Joint Filing Agreement in which the Reporting Persons agreed to the joint filing on behalf of
each of them of statements on Schedule 13D with respect to securities of the Issuer, to the extent required by applicable law.
A copy of this agreement is attached as exhibit 99.1 hereto and is incorporated herein by reference.

Other than as described
herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting
Persons and any other person, with respect to the securities of the Issuer.

Item 7.

Material to be Filed as Exhibits.

Item 7 is
hereby amended to add the following exhibit:

99.1

Joint Filing Agreement between TCS Capital Advisors, LLC, TCS Capital Management, LLC and Eric Semler, dated November 3, 2017.