ITI posts 2003 profit of $40 million, thanks to TV stations

The rise in revenues of 21% to $206.8 million is largely due to the results of companies focusing on TV broadcasting which now constitutes 87% of the group's overall revenues. This refers in particular to news television TVN24 which doubled its sales to $11.1 million. In the first quarter of this year the channel is to be integrated with TVN and the merged company will soon be traded on the WSE, as, according to a comment by Jan Wejchert, the president of the group, "The markets are anxiously awaiting the assets of TVN to be listed." (Rzeczpospolita, p. B4) M.K.