TVN turns financial corner

By Chris Dziadul
November 7, 2008 10.50 UK

The Polish commercial broadcaster TVN has posted a net profit of €1.469 million for Q3, as opposed to a loss of €22.981 million in the same quarter in 2007.

At the same time, its net revenues amounted to €103.811 million (€87.009 million) and EBITDA €27.802 million (€16.558 million).

TVN, which operates a national and over a dozen thematic/branded channels, also saw its share of the net TV ad market grow from 30.7% to 32.6% year-on-year.

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