Bloomberg News

Vivendi ‘Interested’ in Poland’s TVN Network, CEO Levy Says

October 03, 2011

(Updates with additional bidders in second paragraph.)

Oct. 3 (Bloomberg) -- Vivendi SA Chief Executive Officer Jean-Bernard Levy said the French media company is “interested” in TVN SA, Poland’s largest television network.

TVN said July 7 that majority owner ITI Holdings SA may sell its 56 percent stake in the company. Time Warner Inc., the owner of CNN news channel, and RTL Group SA, Europe’s largest broadcaster, are interested in bidding, according to reports from Gazeta Wyborcza and Handelsblatt in August. Poland is one of Europe’s fastest-growing markets and was the only country in the European Union to avoid recession in 2009.

The Rzeczpospolita newspaper said today that Vivendi was looking for a partner with expertise in the Polish market to bolster its offer, citing an interview with Vivendi supervisory board Chairman Jean-Rene Fourtou.

Levy, who spoke to a Bloomberg reporter during a conference in Brussels today, confirmed Paris-based Vivendi’s interest in Warsaw-based TVN and declined to comment further.

Vivendi declined 1.1 percent to 15.17 euros in Paris trading as of 11:37 a.m. local time. TVN fell 2.2 percent to 14.03 zloty in Warsaw, extending its decline this year to 18 percent.

In addition to television operations including flagship channel TVN, the Polish company owns the country’s biggest Internet portal Onet.pl and satellite-television operator N.

--Editors: David Risser, Simon Thiel

To contact the reporters on this story: Matthew Campbell in Paris at mcampbell39@bloomberg.net; Amy Thomson in London at athomson6@bloomberg.net

To contact the editor responsible for this story: Simon Thiel at sthiel1@bloomberg.net


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