Bauer invests in radio, avoids internet superhighway

"We are not planning to change the format of the radio, layoff employees, or move the company's seat from Kraków to Warsaw," said Bauer's president in Poland, Witold Wozniak. It has been deduced from Wozniak's announcements that Bauer has sufficient funds for further acquisitions, although it is not currently interested in the internet sector. "This sector is beginning to heat up and evaluations are growing to huge amounts," added Wozniak. "In one to two years history may repeat and the internet bubble could burst." This skepticism could relate to the company's shares in Interia.pl, 40.9% of which are owned by Broker FM, recently acquired by Bauer. "We are not planning to increase our engagement in this company," said Wozniak. (Puls Biznesu, pp. 1, 12) A.K.