According to Polish daily Puls Biznesu, TVN has opened a new regional division in Silesia yesterday. The new division is third in TVN network and will hire 35 employees
Our view: We see the news as positive as TVN from now on will be able to compete with regional divisions of the national TV. The region of Silesia counts approx. 4m of citizens. We expect slightly positive impact on the stock price of TVN today.