Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
LAUDER RONALD S
   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)
(Last)
(First)
(Middle)
C/O RSL INVESTMENTS CORPORATION, 767 FIFTH AVENUE, SUITE 4200		 3. Date of Earliest Transaction (Month/Day/Year)
12/31/2009
(Street)

NEW YORK, NY 10153		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: 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 B Common Stock $ 0 (1) 12/31/2009   J(2)(3)     63,729   (4)   (4) Class A Common Stock 63,729 $ 0 0 I By: RSL Investment LLC
Class B Common Stock $ 0 (1)               (4)   (4) Class A Common Stock 2,885,705   2,885,705 (2) (3) I By: RSL Investments Corporation
Class B Common Stock $ 0 (1)               (4)   (4) Class A Common Stock 105,231   105,231 (2) (3) I By: RAJ Family Partners, L.P.

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LAUDER RONALD S
C/O RSL INVESTMENTS CORPORATION
767 FIFTH AVENUE, SUITE 4200
NEW YORK, NY 10153		   X   X    

Signatures

 Jacob Z. Schuster, Attorney-in-fact for Ronald S. Lauder   01/05/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The Class B Common Stock is convertible into Class A Common Stock at the option of the holder at any time without payment of additional consideration.
(2) The Reporting Person is the sole shareholder of RSL Investments Corporation ("RIC"). RIC is the sole member of RIL. On December 31, 2009, RIL distributed 63,729 shares of Class B Common Stock par value $0.08 per share ("Class B Common Stock") of the Issuer to RIC for no consideration in a transaction that effected only a change in the Reporting Person's form of beneficial ownership of, without changing the Reporting Person's pecuniary interest in such securities.
(3) At December 31, 2009, after giving effect to the transfer, RSL has indirect beneficial ownership of 2,990,936 shares of Class B Common Stock as follows: (a) 2,885,705 shares of Class B Common Stock held directly by RIC and (b) 105,231 shares of Class B Common Stock held directly by RAJ, in which a majority of the partnership interests are held directly or indirectly by RSL, who is Chairman and President of the corporate managing general partner of RAJ. RSL disclaims beneficial ownership of the shares in clause (b) to the extent he does not have a pecuniary interest in such securities. The foregoing does not include (x) 14,500,000 shares of Class A Common Stock and 4,500,000 shares of Class B Common Stock with respect to which RSL shares voting power with RSL Savannah LLC ("RSLS"), but in which neither RSL nor RSLS have any pecuniary interest or (b) options held by RSL to acquire 90,000 shares of Class B Common Stock, of which options to acquire 78,500 shares are currently exercisable.
(4) Shares of Class B Common Stock may be immediately converted by the holder into shares of Class A Common Stock on a one-for-one basis and will automatically convert into shares of Class A Common Stock on a one-for-one basis when the number of issued and outstanding shares of Class B Common Stock is less than 10% of the issued and outstanding shares of Common Stock of the Issuer. Shares of Class B Common Stock do not have an expiration date.

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