Telewizja Familijna to encourage investment as Prokom moves for dissolution
Three media companies are interested in investing in Telewizja Familijna
(TF), claims the company's management, but says that more help from sh
areholders and a green light from the state are necessary to encourage them.
Meanwhile Prokom Investments, which holds 9.61% in TF, motioned at Sat
urday's shareholders' meeting to dissolve the company, claiming that it had
failed to fulfill its business plan. The company's revenues were to reach
zl. 6 million in 2001, while they actually amounted to just zl. 2.4 million.
Piotr Ciompa from the managing board of TF responded to the charges by
saying that higher revenues would be possible if shareholders provided the
financing they had initially pledged. Ciompa also said that the management
is holding talks with three potential investors, but they would not risk
millions of dollars without being assured of the government's neutrality
towards the station, particularly considering that its license is up for
renewal in 2004. (Rzeczpospolita, p.B4) T.J.