TVN to be delisted before the end of the year

Scripps Networks Interactive (SNI), which purchased a controlling stake in TVN, announced that it is going to  delist the broadcaster before the end of the year. The company called the rest of the shareholders to sell the remaining shares at PLN 20 per share. SNI also said that it recorded a net profit of PLN 36.9 million in Q2 2015, compared with PLN 115.08 million in Q2 2014. The company suffered from FX effects with the estimated negative impact on the net profit of the potential 5 percent appreciation of € and USD against PLN.