Markus Tellenbach steps down as CEO of TVN

Markus Tellenbach has stepped down from the position of the CEO of media group TVN. He will be replaced by Jim Samples, head of Scripps Network International, who until now was the chair of TVN's supervisory board, the company said in a statement. Samples' tasks will be to further integrate TVN and Scripps Networks, find a new director general and broaden the offer of lifestyle tv programs. In 2015, US media company Scripps Network Interactive (SNI) completed the acquisition of a 52.7 percent stake in Polish broadcaster TVN from local holding ITI and Vivendi's Canal+ Group for €584 million. Subsequently, it raised its stake in TVN from 52.7 to 98.76 percent, allowing for a mandatory squeeze-out of the left-over shareholders.