Private investors set to save catholic mainstay Radio Plus from bankruptcy

The shareholders of Spolka Producencka Plus, consisting of local radio stations from 28 dioceses, have announced that Radio Plus will continue to operate rather than be declared bankrupt, as was feared. During the meeting, in which Cardinal Jozef Glemp was present, all the shareholders voted against filing the radio station for bankruptcy. By the end of November, a special commission is to prepare the program of personnel and financial restructuring in the radio station. According to Rzeczpospolita, unofficial sources indicate that international investment fund Dresdner Kleinwort Benson and Prokom Investments are willing to invest in the radio station. Additionally the shareholders appointed priest Rafal Markowski as Radio Plus president. (Rzeczpospolita, p. A3) A.Z.