New owner of TVN may be revealed in Q1

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The potential buyer of the controlling stake in broadcaster TVN should be chosen in the first quarter of 2015, the company’s CEO Markus Tellenbach was quoted as saying by the Polish Press Agency.

“As we said earlier, a group of some 12 entities in interested in the controlling stake in TVN,” he said. “Next week the second stage of the sale will be launched and then a smaller group of investors will be chosen.”

Asked whether Time Warner and Discovery were among the large group of interested entities, Tellenbach said “Yes of course.”

In mid October, ITI and Canal+ said they were considering a possible sale of its 51 percent stake in TVN.

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