Scripps subsidiary calls for TVN shares

Southbank Media Limited, a subsidiary of Scripps Networks Interactive called for 45.63 percent stake in Polish media group TVN, the ISBnews agnecy reported on Monday. The price stands at PLN 20 a share. Subscriptions will be collected between July 24 and August 24. Southbank Media Limited said it will acquire all the shares. The stake accounts for 45.63 percent of the equity capital of the firm's and for the same amount of votes at the general shareholders meeting. The owner of TVN plans to decrease its equity capital, as a result, the stake will account for 47.3 percent of the votes.