TVN plans first acquisitions in Europe next year

opublikowano: 13-12-2007, 11:22

Warsaw (Puls Biznesu) – TVN plans foreign acquisitions. It wants to become Europe’s sixth largest TV broadcaster.


TVN, Poland’s biggest commercial TV broadcaster wants to go abroad.

“I would like TVN to become serious player in Europe. Poland is Europe’s sixth biggest advertising market so I hope TVN will be European sixth largest TV broadcaster within 5-10 years”, Karen Burgess, TVN deputy CEO said.

TVN which has 14 channels, and owns portal, wants to acquire both TV and internet companies.


TVN says there will be no problems with financing the acquisitions. Next to a credit, the company may issue shares. TVN is checking 4-5 companies. The first transaction may be concluded in the first quarter of next year.

This year, TVN forecasts to have PLN 1.4bn (EUR 390.6m) of sales and 33-35 percent of EBITDA margin.

(PLN 1 = EUR 0.279)

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Podpis: MG