Onet to remain independent within TVN

Now TVN is preparing to buy out the remaining small shareholders. According to Karen Burgess, the deputy president of TVN, the broadcaster is not going to absorb Onet as the company does not want to merge the two entities. According to Burgess, the difference in activity of two companies is still apparent and their merger will only be on paper. Both companies will remain separate, but TVN will work on building a joint new offer of two companies. The company is planning to launch TVN's news portal by early 2007. The company expects that income from this project will be similar to those of TVN Turbo, which had H1 revenues of zł.7 million. TVN will spend around zł.130-150 million on investments and the signs are that Onet will have the lions share of this budget as it intends to  invest in Kraków's Special Economic Zone. (Parkiet, October 14-15, p. 6) M.M.