According to today’s press reports, the post of the head of public TV, currently occupied by Law & Justice nominee Mr. Wildsztajn, has been traded to ruling coalition junior partner LPR party, in exchange for LPR support for Mr. Skrzypek to become the new head of the central bank.
Our view: The resulting instability to public TV key management posts could undermine the preparations for the launch of new programming schedule in public television channels TVP1 and TVP2, which have been losing audience share in favor of TVN lately. We might see a positive market impact on TVN, as bad news for public TV, which is still the biggest TV station in terms of all day audience share, is good news for its commercial rivals.