TVN, which trades on the Warsaw stock exchange, saw a drop of almost 20% since the beginning of of 2009, and estimated losses of PLN 95 million (€21 million) in 2008. TVN owns a 25% stake in 'n'.
Ad revenues for TVN, however, rose in January by 6%, to €28 million. Other stations posting strong advertising gains include TVP1 and TVP2, with €21 million and €14 million each,