4Media buys Prawo i Gospodarka from Infor and advances zl. 20 million

Publicly traded company 4Media has signed a preliminary deal to purchase the Prawo i Gospodarka (PiG) daily from Infor publishing. The final deal will be concluded before April 30 and cost around zl. 6 million. PiG will be p ublished by Dom Wydawniczy "Wolne Slowo" which is also the publisher of Zycie daily. 4Media representatives declared they will keep the current profile of the newspaper. "It's too early to decide what steps we are going to take to develop the paper," said 4Media spokesperson Monika Sarnecka. PiG's journalists unofficially said they are afraid of the new publisher. Rumors are circulating that DWWS's owes employees up to three months s alaries. "Salaries are overdue, but not by three months," said Sarnecka. On Monday 4Media decided to advance DWWS zl. 20 million. 4Media intend to launch DWWS on the Warsaw Stock Exchange that's why they decided to clear the firm's liabilities. 4Media declared that from April DWWS will start showing a profit. (Gazeta Wyborcza, p.17) A.Z