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Poland's ITI: No Frontrunners For TVN Yet, In Talks With Many Parties

WARSAW -(Dow Jones)- Polish entertainment group ITI Holdings SA doesn't currently have a preferred buyer for its 56% stake in broadcaster TVN SA (TVN.WA) and is in talks with many interested parties, ITI Chief Executive Wojciech Kostrzewa said Thursday. ITI said in July it was considering a possible sale of its entire stake in TVN. "In the end, the main factor deciding on the choice of buyer will be the price," Kostrzewa added. Earlier Thursday, Polish daily Puls Biznesu reported media firms Time Warner Inc. (TWX) and Vivendi (VIV.FR) are frontrunners to win the auction for TVN, citing anonymous sources. According to Puls Biznesu, Bertelsmann AS isn't among the potential buyers, but the daily added that private equity funds are looking for strategic partners to jointly purchase TVN and then divide up its various businesses. In late August, Vivendi Chief Executive Jean-Bernard Levy said the company is looking for small to medium-sized acquisitions to boost its presence in emerging markets. He declined to comment on suggestions the group may be interested in TVN. "We never comment on any particular rumor," Levy said, but added the company is "very attentive" to what is happening in Poland where it already has operations. -By Marynia Kruk, Dow Jones Newswires; +48 22 447-2431; marynia.kruk@dowjones.com

Stock News for B R T Realty Trust (BRT)
DateTimeHeadline
01/23/201403:50:06Pearson Flags Tough Trading
10/02/201312:36:16Bertelsmann Offers 1.3% Stake in RTL for Sale
08/22/201302:32:12RTL Group 1st Half Profit Surges Despite Ad Revenue Declines
07/10/201310:20:08Judge Finds Apple Colluded on E-Book Pricing
07/02/201304:41:48Bertelsmann Set for Further Acquisitions - Report
07/01/201305:17:11Bertelsmann, Pearson Complete Penguin Random House Merger
06/28/201314:00:41Hachette Agrees to Acquire Hyperion
06/26/201312:34:14RTL Invests in North American Online Video Company
05/16/201303:56:34Bertelsmann's 1Q Net Profit Surges After Acquisitions
04/29/201322:10:13Bertelsmann Raises Gross Proceeds of EUR1.4 Billion With RTL...
04/19/201311:40:07Penguin Makes Bid to Settle E-Book Case With EU
04/05/201311:00:14EU Gives Green Light to Penguin, Random House Merger
03/26/201306:33:55Bertelsmann Sees Revenue Growth Due to Acquisitions
03/08/201313:26:16RTL Group Considers Further Acquisitions in Southeast Asia
03/04/201304:54:18Bertelsmann Seeks Rapid Music Sales Growth
02/25/201307:50:11Pearson Plans Shake-Up
02/14/201312:37:52Pearson: Justice Department Closes Penguin, Random House Merger...
02/08/201311:40:07DOJ Settles With Macmillan in E-Books Case
01/21/201305:15:10Correction to Pearson Warns on 2012 Earnings Story
01/21/201305:00:03Pearson Warns on Earnings, Flags Tough Year

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