The management board of the company believes that H2 will be poorer than last year and advertising revenues in newspapers will fall by 3-5 percent in comparison with 2007.
"The situation on the financial markets and the macroeconomic situation are still unstable and thus we have no further information on this subject at present. Advertising revenue of Agora's journals will be delivered along with Q3 and Q4 results," said Urszula Strych, spokesperson of Agora.
Analysts also suggest that the firm will have to revise its financial forecasts for 2008.
Sources: Parkiet, Rzeczpospolita, Puls Biznesu (M.M.)
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