Agora wants to buy 2.5% of its shares

WSE-listed media group Agora wants to buy up to 1.19 million (2.5 percent stake) of its shares for PLN 20 apiece, the company said in a market filing, adding that it is ready to spend up to PLN 23.83 million on the buyback program.

Locked content Discovery buys TV station from Agora

WSE-listed media group Agora will sell its remaining 51.06 percent stake in its terrestrial TV station Metro for PLN 19.5 million to Discovery Polska. After the transaction, Discovery will hold a 100 percent stake in Green Content, the company which owns the station. Agora expects that the transacti...

Locked content Discovery buys 21.5% shares in Agora’s Metro TV

Discovery Poland, which runs the popular television channel Discovery, has purchased a significant number of shares from Agora, the parent company of TV station Metro, Gazeta Wyborcza reported Friday. The deal, which will see Discovery obtain a 21.5 percent stake in the recently launched over-the-ai...

Locked content Agora to fire 135 employees, closes daily paper

WSE-listed media group Agora will lay off up to 135 of its employees (6.8 percent of the staff) by the end of the year, the company wrote in a market filing. The company explained that it has made such a decision because of the negative trends on the press market. “Stabilization of financial results...

Locked content Ad market to grow by 3-5% in 2016 – Agora

Media group Agora expects Poland’s ad market to grow by 3-5 percent y/y in 2016, the company said in its 2015 financial report. Poland’s ad market increased by 4.5 percent in Q4 2015 and by 4.5 percent in FY 2015, Agora said. The company posted a consolidated net profit of PLN 15.7 milli...

Locked content Agora net loss down to PLN 0.23 mln

Media company Agora posted a consolidated net loss of PLN 0.23 million in Q1 2015, compared with a net loss of PLN 9.61 million in Q1 2014, the company informed in a financial statement. The company’s operating loss amounted to PLN 2.53 million, versus a loss of PLN 9.57 million y/y Q1. Sales ...

Locked content Agora reported net loss in 2014

Media company Agora posted a consolidated net loss of PLN 12.57 million in 2014, compared with a net profit of PLN 0.46 million in 2013, the company informed in a financial statement. The company’s operating loss amounted to PLN 18.30 million, versus a loss of PLN 7.38 million. Sales revenues ...

Locked content Agora to invest PLN 100 million in 2015

Polish media company Agora is set to invest as much as PLN 100 million this year, mainly in bus and tram shelters, as well as in the openings of four new cinemas. Apart from that, Agora has some PLN 135 million of external financing, including a credit line worth PLN 100 million, which expires in...