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Monday, March 16, 2015

U.S. media group Scripps may delist Poland's TVN, (NYQ: SNI)

U.S. media group Scripps Networks Interactive is considering delisting Polish broadcaster TVN from the Warsaw bourse, but has not taken the final decision yet, development director at Scripps Networks said on Monday. "We are weighing the pros and cons of keeping TVN public. For the time being we want to meet all regulatory requirements. We may delist TVN, but no decision has been made yet," Joseph NeCastro told Reuters.

Scripps Networks Interactive, Inc. is a developer of lifestyle-oriented content for television and the Internet with television and interactive brands. Shares of SNI fell by 0.77% or $-0.56/share to $71.91. In the past year, the shares have traded as low as $70.39 and as high as $86.48. On average, 950316 shares of SNI exchange hands on a given day and today's volume is recorded at 567580.