CR Media needs more radio stations to stay in tune with investor's targets

After five years of operations, CR Media has managed to fulfill only half of this target. "Our investor has two more years to make a decision concerning the withdrawal from its investment. Therefore this year will be crucial for the project," said CR Media's president, Ryszard Wojciechowski. The group currently controls 19 radio stations and company representatives said they hope to increase this number by another five or six this year. "We are considering acquisitions as well as utilizing free frequencies," added Wojciechowski. It was also revealed that CR Media, which is still generating losses, has managed to negotiate with its investor another capital injection worth several million euros. (Puls Biznesu, p. 8) A.K.