Agora chief: 'I know nothing' of controlling stake sale
By Leah McBride Mensching, Friday 7 March 2008 at 19:25 :: Media Ownership :: #1374 :: rss
The chief executive of Polish media group Agora has said he does not know anything about the company attempting to find a buyer for its majority 35 percent stake, as Reuters had reported, based on unnamed sources.
“I know nothing of this. I do not comment on market speculation. Again, I know nothing of this,” Marek Sowa, chief executive of Agora, told Thomson Financial.
Reuters had reported that the company was feeling out buyers, possibly German groups Passauer and Axel Springer or the UK's Mecom, for the 35 percent share held by veterans of the company, dating back to when Agora began, as communist-era opposition newspaper Gazeta Wyborcza.
The stake referred to in the Reuters report was held by a group of 12 or so senior members of the company's editorial operation, Agora insiders told Thomson Financial.
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