Mediaset Espana Comunicacion SA (TL5.MC)
* Q1 net profit 60.6 million euros($65.87 million)versus 50.1 million euros year ago
* Said on Thursday will propose ordinary dividend of 0.4372 euro ($0.4632) per share against FY 2016 profit
* FY net sales 985.0 million euros ($1.04 billion) versus 957.9 million euros year ago
LONDON (Reuters Breakingviews) - Mediaset shares may be on the up bit of a big dipper. Silvio Berlusconi's group has soared in value on hopes of a takeover by Vivendi, controlled by Vincent Bollore. The French tycoon may still unlock a breakup value higher than the current share price. Yet the lack of clarity over his objectives means shareholders' ride could get rockier.