PRAGUE (Reuters) - Broadcaster Central European Media Enterprises (CME) (>> Central European Media Enterprises Ltd.)
Its free cash flow was negative $31.0 million (18.34 million pounds) at the end of the first half this year.
It said it had been making higher payments to suppliers of foreign programming after closing new financing deals with its main shareholder, Time Warner (>> Time Warner Inc). CME expected to continue reducing programming liabilities, it said.
"As a result, we expect free cash flow for the full year 2014 to be more negative than that of 2013," it said in a regulatory filing. "Following closing of the financing transactions, we believe we are positioned to be free cash flow positive beginning in 2015."
(Reporting by Jason Hovet, editing by Louise Heavens)