According to HN daily, association of digital broadcasters (ADB) calls for temporary exclusion of TV Nova from digital broadcasting as it is blocking early switch from analogue to digital broadcasting. TV Nova could remain its analogue licence until 2017 and then to switch into digital one according to ADB.
Our view:
We see this effort as not possible given the equality of chances for all broadcasters. It is one of the tactics of ABD to reach sooner switch to digital and take its part from ad market. Moreover TV Nova has valid digital licence guaranteed by law. Therefore we believe this news to have neutral impact on today’s trading with CME.