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Advertising market shows encouraging signs and appears to be returning to growth, Chief Executive Markus Tellenbach told a teleconference on Thursday.expect our TV advertising revenue to show low single digit rise in the second quarter, while full year TV advertising income should grow in the low to mid single digits.TVN, as other broadcasters in the region and around the world, has seen advertising income drop due to the economic slowdown last year, weighing on 2009 results. [ID:nLDE64321F]TVN shares showed little reaction to its results, edging 0.4 percent higher, in line with the Polish market. The group had pre released its operating results last month.It earned 64 million zlotys ($20.53 million) in the first quarter compared to 79 million expected by analysts, who said the difference was related to higher taxes and amortisation.statement about revenue dynamics seen in the second quarter and all 2010 is alarming, said Piotr Janik, analyst at KBC Securities.not good news especially that the base is lower.

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