Q2 Revenues at CME up 38 Percent

HAMILTON, August 2: Central European Media Enterprises has
reported its results for the second quarter, with revenues up 38 percent to
$216.3 million and a net income of $34.6 million, triple the $8.5 million
recorded in Q2 last year.

For the six months ended June 30, 2007, meanwhile, revenues
increased 32 percent to $364.2 million, with net income of $34.3 million, as
compared with the loss of $9.7 million recorded last year.

In the quarter, the greatest contribution came from TV Nova
in the Czech Republic, where revenues grew to $80.5 million. Nova TV in Croatia
saw its revenues almost triple to $10.5 million. Romanian revenues were $52.2
million, while Markiza in the Slovak Republic contributed $29.7 million. Pop TV
and Kanal A in Slovenia brought in $20.1 million. In the Ukraine, Studio 1+1’s
revenues were flat at $22.7 million, while Kino and City brought in $654,000.