TVN tuned in

Television broadcaster TVN increased its Q1 2006 net profit by 40 percent year-on-year to zł.49 million and grew its revenue by 22 percent to zł.236 million. The management is very optimistic about the annual results, expecting the company's EBITDA margin to exceed the planned 29-31 percent.

"I can confirm that 2006 revenues will increase 16-18 percent, but I am more optimistic about the EBITDA margin. We will fight to reach a better figure than planned," TVN CEO Piotr Walter told a news conference.

The broadcaster also registered a company-record prime-time audience share in the first three months of the year.

"In Q1 2006, our TVN channel for the first time in its eight-year history beat Polsat on an all-day basis. We achieved excellent audience-share results through our consistent programming strategy and increased investments in local production," Walter said.

The company will soon submit an application to launch of a new thematic channel to the National Broadcasting Council (KRRiTV) - the theme has not yet been revealed. In September this year TVN's medicine-related channel is due to start broadcasting.