FORM 4
[ X ] 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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

TCS CAPITAL MANAGEMENT LLC 		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)

_____ Director                      _____ 10% Owner
_____ Officer (give title below)      __ X __ Other (specify below)
See Footnote 1
(Last)          (First)          (Middle)

888 SEVENTH AVENUE, SUITE 1504 		3. Date of Earliest Transaction (MM/DD/YYYY)

7/10/2017
(Street)

NEW YORK, NY 10019
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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, $0.08 par value   (1) 7/10/2017     S    3960928   D $4.0500   13137023   I   By TCS Global Equity Master Fund, L.P.   (2)
Class A Common Stock, $0.08 par value   (1) 7/10/2017     S    1039072   D $4.0500   0   I   By Managed Account of TCS Capital Management, LLC   (3)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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
Common Stock Warrants (right to buy)   (1) $1                    5/2/2016   5/2/2018   Class A Common Stock, $0.08 par value   1113861     1113861   I   By TCS Global Equity Master Fund, L.P.   (2)
Common Stock Warrants (right to buy)   (1) $1                    5/2/2016   5/2/2018   Class A Common Stock, $0.08 par value   65583     65583   I   By Managed Account of TCS Capital Management, LLC   (3)

Explanation of Responses:
(1)  This Form 4 is filed jointly by TCS Global Equity Master Fund, L.P. ("TCS Global"), TCS Capital GP, LLC ("TCS GP"), TCS Capital Management, LLC ("TCS Management"), and Eric Semler (collectively, the "Reporting Persons"). Each Reporting Person may be deemed to be a member of a Section 13(d) group that previously owned more than 10% of the Issuer's outstanding shares of Common Stock. As of July 10, 2017, the Reporting Persons ceased to own in the aggregate more than 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
(2)  Securities held directly by TCS Global. TCS Management, as the investment manager of TCS Global, may be deemed to beneficially own the securities held directly by TCS Global. TCS GP, as the general partner of TCS Global, may be deemed to beneficially own the securities held directly by TCS Global. Mr. Semler, as the Managing Member of each of TCS GP and TCS Management, may be deemed to beneficially own the securities held directly by TCS Global.
(3)  Securities held directly in a certain managed account (the "Managed Account"). TCS Management, as the investment manager of the Managed Account, may be deemed to beneficially own the securities held in the Managed Account. Mr. Semler, as the Managing Member of TCS Management, may be deemed to beneficially own the securities held in the Managed Account.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
TCS CAPITAL MANAGEMENT LLC
888 SEVENTH AVENUE
SUITE 1504
NEW YORK, NY 10019


See Footnote 1
TCS Global Equity Master Fund, L.P.
GARDENIA COURT, SUITE 337
45 MARKET STREET, P.O. BOX 896GT
CAMANA BAY, E9 KY1-1103


See Footnote 1
TCS Capital GP, LLC
888 SEVENTH AVENUE
SUITE 1504
NEW YORK, NY 10019


See Footnote 1
SEMLER ERIC
C/O TCS CAPITAL MANAGEMENT, LLC
888 SEVENTH AVENUE, SUITE 1504
NEW YORK, NY 10019


See Footnote 1

Signatures
TCS Capital Management, LLC, By: /s/ Eric Semler, Managing Member 7/12/2017
** Signature of Reporting Person Date

TCS Global Equity Master Fund, L.P., By: TCS Capital GP, LLC, By: /s/ Eric Semler, Managing Member 7/12/2017
** Signature of Reporting Person Date

TCS Capital GP, LLC, By: /s/ Eric Semler, Managing Member 7/12/2017
** Signature of Reporting Person Date

/s/ Eric Semler 7/12/2017
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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