Zycie Warszawy sold to Kielce tycoon Michal Solowow

Zbigniew Jakubas the founder and president of the Multico group is rumored to have sold off the daily Zycie Warszawy to Kielce businessman Michal Solowow, the owner of Echo Investment. According to unofficial sources, the daily could have been sold for $9 million. Solowow already controls two other dailies, Echo Dnia and Slowo Lud besides the weekly Przekroj. He is also owner of the Kielce-based Radio Tak. Analysts did not expect the latest transaction, as Jakubas had earlier declared he would never leave the media business. It is probably due to an unexpected transaction he was involved in with Bank Rozwoju Eksportu (BRE) and Optimus which caused Jakubas to thoroughly restructure his group. He has nonetheless, kept some presence in the media through three papers he still owns, Kurier Lubelski, Zycie Czestochowa and Kulisy. Additionally he controls some printing presses in Lublin and Warsaw. (Puls Biznesu, page 7) S.M.