Skip to content
Advertisement

Business

CR Media looks for ways to sell its radio stations

"We will consider any option, which will allow us to develop the company: acquiring an investor, or selling by selling the entities," said Rafal Oracz, managing director of CR Media Consulting. One of the most serious bidders might be Radio Eska. "It is not very likely that these stations will be sold to Radio Eska. First of all we received better offers. Second, we have obligations towards our church partners," said Oracz. Eska did not comment on this information, but it is a fact that last year Eska took over eight stations of former Radio Plus, while the remainder is owned by CR Media. From the business point of view such transaction would be the most feasible. In 2006 the company expects to post a net profit of zl.11 million on revenues of zl.80 million. (Puls Biznesu, pp. 1, 9) M.M.

More from Business All