We delivered positive free cash flow in the first 6 months of 2011 and we are on target to deliver positive free cash flow for the full year. We also completed the acquisition of Bontonfilm, a leading theatrical and home entertainment company in the Czech Republic and Slovak Republic, which will have a positive impact on our operating results in the future.For the second half of the year, we foresee a growth trend in all our TV advertising markets based on continuing improvements in macroeconomic indicators. CME is best positioned in the region to take advantage of this trend and deliver growth in revenues, OIBDA and cash flow. And now, over to David who will review the macroeconomic situation in our region and our second quarter consolidated performance.
Central European Media Enterprises' CEO Discusses Q2 2011 Results - Earnings Call Transcript
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