Media News - Thursday, July 03, 2008

Axel Springer interested in Polish newspaper group

German media group Axel Springer has contacted the Polish treasury about buying its 49-percent stake in Presspublica, which publishes Poland's number three non-tabloid daily, a company spokesman said on Thursday. Poland holds 49 percent of Presspublica through PW Rzeczpospolita. The remaining stake is held by London-listed European newspaper group Mecom, which declined to comment. The German group publishes Poland's top tabloid newspaper, Fakt, but its other newspaper, Dziennik, has struggled in its battle with Gazeta Wyborcza, published by Agora AGOD.WA. Reuters reported in March that Springer and Mecom had also shown some interest in Agora. Poland's centre-right government and Mecom have been at odds over the direction for Presspublica, which publishes Rzeczpospolita daily, along with business newspaper Parkiet. Rzeczpospolita newspaper has struggled financially in recent years, but has regained some ground in recent months as circulation of other dailies dropped. (Reuters)

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