You're reading: Bloomberg: Profits improve for east European broadcaster

Central European Media Enterprises, the east European broadcaster that sold a stake to Time Warner Inc., may say second-quarter profit jumped after it disposed of unprofitable assets in Ukraine and purchased a television station in Bulgaria.

Net income for the three months ended June 30 probably rose to $219.2 million from $24.1 million a year earlier, according to the median estimate of five analysts in a Bloomberg News survey. Revenue probably rose 4.5 percent to $194.6 million.

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