22-02-2009

TVN posts profits, but sees 4th quarter decline

By FNE Staff
Poland's leading commercial broadcaster TVN posted a 22% increase in revenues in 2008, but saw fourth quarter losses of over 30%.

Net profits were 88 million PLN in the fourth quarter, and 364 million PLN for the year.However, revenues for the quarter, at 529 million PLN, were up 13% over 2007's numbers.

Reuters reports that analysts are predicting small ad revenue growth at most in 2009.