Increases in financial and broadcasting costs and financial losses have led to a slump in Polish media holding ITI Group’s net result from the 2001 first half profit of 3.56 million Euro to a sharp loss of 39.69 million Euro loss in this year’s first half, the company said Wednesday before last.
Operating in the TV broadcasting, entertainment and new media sectors, ITI incurred higher programming and broadcasting costs by 27 percent year-on-year to 46.62 million Euro. Costs related to the launc...
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