Agora may beat new media law by moving its investments abroad

The Agora media giant, which owns Gazeta Wyborcza, may seek to invest on foreign markets rather than in Poland if changes in the media laws proposed by government are implemented, believes Deutsche Bank (DB) and BDM analysts. The DB analysts also note in their report that the target price of Agora's shares should be zl. 49. The government's proposals concerning limiting media ownership would force Agora to cut its planned investments in local radio stations and terrestrial television. Agora could turn its attention to the Czech and Hungarian markets. (Rzeczpospolita, p. B3) A.D.