Scripps to Buy Majority Stake in Polish Network TVN

Bloomberg: Scripps Networks Interactive has agreed to buy a 52.7% stake in Poland’s TVN for $614 million to expand its television broadcasting businesses in Europe. The stake is being bought from Vivendi and ITI Group. TVN has free-to-air and pay TV assets, including a 24-hour news channel, and its broadcasting business captured 22% of Polish viewing last year, Scripps said.