Gazeta Wyborcza drops price to compete with new daily

Such a fall in price means a 32% drop in revenues. Assuming that the sales level of GW will remain the same as in 2005, the drop in annual revenues resulting from this decision will amount to around zł.60 million. Although this is a very rough estimate, investors have lost their trust in the publisher of the daily, due to which Agora's share price fell by 7.8%, while the capital decreased by zł.210 million. According to analysts, the new player's entrance means a zł.35-40 million fall in Agora's projected profits of zł.90 million. The publisher of the daily Super Express announced plans to turn to the Consumer and Competition Protection Office (UOKiK) to investigate whether Axel Springer is not using price dumping. (Parkiet, April 14-17, p. 1) A.K.