Cyfra+ at last begins to show a profit, but has yet to fully cover past losses

"We looked through and renegotiated all contracts with our supplies - film producers, football league etc," said Robert Raczkowski, financial director of Cyfra+. After three quarters the company posted a net profit of zł.73 million, but company representatives refused to reveal the expected full year figure. According to unofficial sources, the total debts of Canal+ in Poland, owner of Cyfra+, amount to EUR 130 million. There is speculation that the owner of Canal+, French Vivendi Universal, is planning to dispose of the digital platform. Arnaud de Villeneuve, president of Canal+ Cyfrowy, denied the allegations and said, "This is a long-term investment and currently the French shareholder is analyzing options of further development in Central Europe". (Gazeta Wyborcza, p. 23) M.M.