Reports link BOA with search for new investor in Telewizja Familijna

Telewizja Familijna, producer of the TV Puls channel, is said to have appointed an investment adviser, with unofficial reports suggesting that Bank of America has been chosen, and charged with finding the television company a western financial investor. According to Puls Biznesu, time is of the essence since several days ago Wieslaw Kaczmarek, the new Treasury Minister, announced an imminent halt to financing for Telewizja Familijna. The Treasury, through a number of State-owned companies, is a key investor in the TV company. Telewizja Familijna board member Piotr Ciompa said shareholders are bound by agreements guaranteeing the company's financing and that it should have sufficient funds to keep going until a new investor is found. (Puls Biznesu, p. 6) P.J.