Vivendi buys 7.6% stake in Prisa to extend Spanish interest

Vivendi has agreed to buy a 7.6% stake in Spanish media conglomerate Prisa. Vivendi said that the acquisition forms part of its ongoing strategy “to become a global leader in content, media and communications, while extending its access to the Spanish-speaking markets in Europe, Latin America and US Hispanics.” Prisa is a leader in Spanish-speaking […]

Madrid court orders Prisa to pay ‘football war’ damages to Mediapro

A Madrid court has ordered publishing group Prisa to pay €51 million in damages to Mediapro over the ‘football war’ between the pair that dates back over a decade. The damages relate to a ban on Mediapro exploiting audiovisual rights of the matches of a number of football clubs to that Mediapro had signed deals […]

Altice to acquire Portugal’s Media Capital for €440 million

Altice is to acquire leading Portuguese commercial broadcaster Media Capital Group from Prisa for an enterprise value of €440 million. The agreement, which comes after the pair admitted they were in ‘exploratory discussions’ last month, will give Altice, which owns the leading Portuguese telco, PT Telecom/Meo, control of leading commercial channel TVI, news channel TVI24 […]

Altice in talks to buy Portugal’s Media Capital

Cable and telecom group Altice is in ‘exploratory discussions’ with Iberian media group Prisa to take over Portugal’s Media Capital. Confirming the talks following a request by the Portuguese Securities Market Commission, the Commissão do Mercado de Valores Mobiliários, Altice said that it was discussion the potential acquisition of Prisa’s stake in Media Capital. Lisbon-based […]

CNBC and Prisa strike content deal

CNBC and Prisa have struck a content deal whereby the former’s news content will be distributed across the websites of Prisa-owned newspapers El Pais and Cinco Dias. NBCUniversal-owned news net CNBC will seed its short form business and current affairs video across the sites. It will appear in its original English-language form with Spanish subtitles. […]

Telefónica closes Canal+ Spain acquisition

Telefónica has closed its acquisition of Prisa’s 56% stake in pay TV outfit Canal+ España following approval of the deal by the country’s competition watchdog, the CNMV.  Telefónica will pay €706.8 million for the stake, giving it 100% control of the operation. The operator has already transferred 80% of the total, or €565.4 million. The […]

CNMC approves Canal+ acquisition

Spanish competition regulator the CNMC has, as expected, approved the acquisition of Canal+ by Telefónica with conditions, according to local press. The move clears the way for Telefónica to acquire the 56% of Canal+ that it does not already own from Prisa.  According to newspaper Expansión, the CNMC will require Telefónica to make 50% of […]

Prisa reports Spanish, digital gains

Spanish media group Prisa reported strong advertising revenues in in its home market and said that digital revenues also improved.  Reporting its fist quarter results, Prisa said that group adjusted advertising revenues in Spain increase by 10.2% in 1Q 2015 to €59.2 million. “Digital transformation revenues” also increased by 51% and reach €56.3 million. Prisa […]

Telefónica reportedly ready to make concessions to secure Canal+

Telefónica is likely to secure the approval of the Spanish competition regulator, the CNMC, for its acquisition of pay TV service Canal+, thanks to a series of voluntary concessions that are likely to head of the latter’s concerns, according to local reports. Telefónica has reportedly offered to make half of its premium content, including from […]

Prisa executives withdraw from Mediaset board

Juan Luis Cebrián and Manuel Polanco, the president and vice-president respectively of Spanish media group Prisa, have resigned as directors of Mediaset España as a result of the reduction of Prisa’s stake in Mediaset’s Spanish operation to 5.1%.  Polanco has withdrawn from the group’s excutive committee and nomination and remuneration committee, while Cebrián has withdrawn […]

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