Content hungry TP Internet to increase stake in Parkiet

Telekomunikacja Polska's (TPSA) subsidiary TP Internet, is to boost its interests in Parkiet publishing house to 50-60% over the next year. According to Parkiet president Lukasz Zuk if TP Internet, which bought a 33% stake in the company late last month, decides on the move it will significantly help to improve and develop Parkiet's internet products. TP Internet is already planning to direct zl. 6 million to Parkiet's internet expansion such as the creation of the portal specializing in capital markets. The content would be provided by the editorial staff of the newspaper and may include paid online listings. TP Internet's own portal will be launched at the beginning of May. Parkiet shareholders have also revealed plans to turn the publishing house, at present a limited liability company, into a joint-stock company to be floated on the Warsaw Stock Exchange (WSE). This will not happen before Parkiet becomes a full multimedia enterprise, which it needs another two or three years to accomplish. However, TP Internet could be floated next year. (Gazeta Wyborcza, page 29) P.S.