Overall revenues were down 1per cent, to 718 m PLN compared to Q2 2011, while TV revenues fell 8 per cent to 444 m PLN. The results were softened by growth of the pay TV ‘n’ platform, up 19 per cent over Q2 2011, at 215 m PLN and subscriber numbers up by 17,000. Results were attributed to a weak TV advertising market. TVN owns and operates ten TV channels in Poland. In a statement, CEO Markus Tellenbach said, ““TVN Group results clearly reflect the condition of Polish advertising market. Following its worse than expected evolution in the second quarter, no improvement in July-August and continued low visibility going forward, our outlook for full year TV advertising market dynamics is a decline in a range of 6-9 per cent.” TVN trades on the Warsaw Stock Exchange. Stocks dropped from 8.49 PLN on 9 August 2012, ending the day on 10 August at 8.06 PLN.
The Film New Europe (FNE) Association is the networking platform for film professionals in the CEE/SEE/Baltics region. The webportal and FNE newswire was chosen as the MAIN TOOL to achieve the network’s objectives of the sharing of know how, visibility of regional cultural diversity and finally the VOICE of the region.
FNE’s objectives include VISIBILITY for the region and AUDIENCES for films by providing a special focus on the region.