Scripps Networks Interactive has increased its stake in the Polish national commercial broadcaster TVN to 98.76%.
Quoting information provided by the brokerage house of Bank Handlowy, Wirtualne Media reports that this follows the acquisition of 43.63% of TVN shares through its subsidiary Southbank Media.
Scripps, which closed the acquisition of a 52.7% stake in TVN in July, has stated its intention of eventually securing 100% of the broadcaster and delisting it from the stock exchange.
