Christmas might come early for TV4 in the shape of an investor
"We received an offer from a foreign investor which our advisors are now examining," said Mariusz Walkiewicz, financial president at Polskie Media, owner of TV4. According to unofficial sources, advising company Trigon is in talks with German Bertelsmann on behalf of the station. However, the news has not been confirmed by Zygmunt Solorz-Żak, the owner of Polsat, nor the German company. Meanwhile, Polskie Media, headed by Mariusz Walkiewicz, desperately need a cash injection. In 2004 the company recorded a net loss of zł.12.2 million on revenues of zł.68.7 million. The company will soon complete the process of increasing its equity from zł.105 million to zł.125 million. According to Walkiewicz, however, the capital will still be very low in comparison with the firm's competitors. (Puls Biznesu, p. 9) A.F.