166 Wiertnicza St.
02-952 Warsaw, Poland tel. +48 22 856 60 60
fax. +48 22 856 66 66 www.investor.tvn.pl www.tvn.pl www.onet.pl
TVN S.A. AND RINGIER
AXEL SPRINGER MEDIA AG
IN EXCLUSIVE NEGOTIATIONS ON ONET
TARGET TO CREATE STRATEGIC ALLIANCE
Warsaw 13th April 2012. - TVN S.A. ("TVN") the
leading Polish Media Group announces that, as part of its
comprehensive strategy review, it has decided to enter into
exclusive negotiations with Ringier Axel Springer Media AG.
The process envisages entry into a strategic partnership in
The Company has granted Ringier Axel Springer Media AG
exclusivity to negotiate the terms and conditions of the
partnership for a definite period until May 31, 2012 and
approved the preliminary terms of the partnership. TVN
expects to retain a minority stake in Onet and is expected to
continue to be involved in the joint development.
Markus Tellenbach, President & CEO of TVN S.A. said: "Onet is
ideally positioned to expand the scope of its operations and
engage in new projects benefitting from the fast paced
evolution of the Polish media landscape as well as the
rapidly expanding online market whilst creating significant
value for its shareholders. A future partnership with Ringier
Axel Springer Media AG would allow Onet to dynamically
develop it's existing business as well as benefit from
complementary strength of a new ownership structure."
TVN is the leading Polish television broadcaster owning and
operating ten television channels, the digital pay-TV
platform "n" and Onet.pl, Poland's largest and most popular
Ringier Axel Springer Media AG is a leading integrated
multimedia company in Central and Eastern Europe, managing an
extensive portfolio of over 70 print titles and more than 60
digital offerings in the expanding markets of Poland, the
Czech Republic, Slovakia and Serbia.
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