Prisa

prisa el pais

President of pro-government El País compares Sánchez to Franco for wanting to take total control of newspaper

Joseph Oughourlian, president of Grupo Prisa – a publicly traded company and owner of the newspaper El País and SER, the leading radio network in Spain – has publicly denounced the attempt by the President of the Government, Pedro Sánchez, to oust him from the presidency of the Group and seize the company, as he has already done with Indra and Telefónica. In an editorial unimaginable just a few weeks…


Mediaset and Netflix

Media Surrealism: Government offers TV channel to El País – which rejects it and dismisses executives promoting it – while setting up registry to disclose support each media outlet receives

José Miguel Contreras, media advisor to Pedro Sánchez and one of the executives of Prisa – the publishing company of El País – who was dismissed yesterday, already benefited from the granting of a television channel by another socialist president, José Luis Rodríguez Zapatero, almost 20 years ago. Contreras was one of the promoters of La Sexta, whose support for the current Government is unwavering. Yesterday, Contreras and Núñez, the…


Prisa

Government authorises Vivendi to increase stake in Prisa

The Council of Ministers has given Vivendi, Prisa’s second-largest stakeholder with a 9.94% holding, permission to convert all of its convertible subordinated debentures, increasing its ownership position in the company’s capital. The total amount of the issue was €130 million and the first conversion period started on 1 May and will end on the tenth. Vivendi’s conversion of the subscribed bonds will result, in the final scenario of a full…


Prisa sells capital media

Prisa negotiates sale of Media Capital, its Portuguese subsidiary

Bankinter | The media company Prisa is negotiating exclusively with Cofina the sale of Media Capital, its Portuguese subsidiary. In the past it negotiated the same sale with Altice for 440 Mn€, but the competition authorities did not approce the operation.


No Picture

Today’s market chatter in Spain

MADRID | By Jaime Santisteban | Moderate falls on European stock markets today as they assimilate this ‘hawkish’ message from the Fed.  In Spain, another operation adds to Prisa’s restructuring of its debt burden of over 3 billion euros.