Prisa reports Portuguese TV gains

Spanish media group Prisa reported strong TV ad revenues in Portugal, but said that group ad revenues in Spain decreased in its third quarter earnings. Prisa said that for the first nine months of the year, ad revenues at Media Capital, its Portuguese division that includes TV and radio assets, grew by 14.1%, with the […]

EC passes Telefónica acquisition to local regulator as Vodafone chief raises objections

The European Commission is to leave a decision on the acquisition of Canal+ España by Telefónica to Spanish competition watchdog the CMNC. Meanwhile, the CEO of Vodafone Spain has warned of the risk of Telefónica gaining a dominant position in the pay TV market in the country. The CNMC’s chairman José María Marín Quemada has […]

Telefónica seals deal to take control of Canal+ Spain

Prisa and Telefónica have definitively agreed the sale of Prisa’s 56% stake in pay TV platform Canal+’s holding company to the Spanish telecom giant for €750 million. The agreement follows Prisa’s acceptance in principal of Telefónica’s offer to buy the majority stake in the platform on May 7. The deal will give Teleféonica, which already […]

Prisa accepts Telefónica’s offer for pay TV unit

Spanish media group Prisa has accepted Telefónica’s €725 bid for its 56% stake in pay TV platform Canal+’s holding company Distribuidora de Televisión Digital (DTS).  The deal gives DTS a market value of €1.295 billion and, if approved by regulators, will give the telecom company a controlling stake of 78%, leaving Italy’s Mediaset with a […]

Telefónica in €725 million bid for control of Digital+

Telefónica has made a €725 million bid for a controlling stake in Prisa-backed Spanish pay TV operator Digital+. According to a statement made to the Spanish stock market regulator yesterday, Telefónica is bidding for a 56% stake in Digital+’s holding company Distribuidora de Televisión Digital (DTS), in which it already holds a 22% stake. Telefónica’s […]

Magine appoints former Prisa exec as new chairman

Swedish cloud TV service Magine has appointed existing company board member and the former chief digital officer of Spanish operator Prisa, Kamal Bherwani, as its new chairman.  Bherwani, who has been on the Magine board since last September, replaces Michael Werner as chairman – though Werner retains a place on the board. “In his role […]

Telefónica closes in on Prisa, launches Movistar Fusión TV offering

Shares in Prisa have surged on reports that Telefónica is close to signing a deal to take a controlling stake in the media group’s pay TV arm for €800 million. Separately, the telco yesterday relaunched its TV offering under the Movistar Fusión TV brand. According to Bloomberg, Telefónica could take a 56% stake in Prisa’s […]

Prisa mulls Chapter 11 bankruptcy

Spanish pay TV operator Prisa is reportedly considering filing for Chapter 11 bankruptcy protection in the US. According to a Wall Street Journal report, which cites people familiar with the situation, the move would come as Prisa seeks to refinance some US$3 billion (€2.3 billion) of debt. The report said that while Chapter 11 is […]

TVI Internacional launches in US

Portuguese international channel TVI Internacional has launched in the US on the Dish Network platform. Prisa-owned TVI Internacional will be part of the Luso pack on Dish Network and is distributed in the US in association with SPT Newark. TVI Internacional is currently available on platforms in Angola, Luxembourg, Andorra, France, Mozambique, Monaco, Switzerland, Spain, […]

Canal Plus Spain in cinema OTT tie-up

Spanish cinema chain Cinesa has signed a deal with Canal Plus Spain’s online video service Yomvi to offers its customers exclusive on-demand movies and TV series. Under the deal, Odeon-UCI owned Cinesa’s registered customers can access exclusive content via a new Yomvi package called Cine y Series for €7.95 per month. This gives users unlimited […]