Press Releases

PRISA terminates deal with Altice for the sale of Media Capital


PRISA terminates deal with Altice for the sale of Media Capital
  • Whatsapp
  • Facebook
  • Twitter
  • Linkedin
  • Google+

Media Capital, the leading Portuguese media group, closed last year with a profit of EUR 19.7 million and an EBITDA of EUR 40.1 million

PRISA’s refinancing agreement is not affected by the failure of the operation

PRISA has informed Spain’s National Securities Market Commission (CNMV) that it has decided to terminate the contract with Altice to sell Media Capital. The agreement foresaw that Altice would obtain authorization from the Portuguese Competition Authorities for this operation before June 16. This has failed to happen. PRISA had fulfilled all the conditions specified in the sale agreement.

Media Capital is Portugal’s leading communication group, a powerful media holding with top brands in television, radio, audiovisual production and the Internet. Media Capital got last year a net gross 19.7 millions of euros with an EBITDA of 24.2% and revenue of 165.5 millions.

Media Capital Radios, the largest and most profitable radio group in Portugal (Radio Comercial, M80, Smooth, Cidade and Vodafone), has a market share of 50% and an EBITDA margin of 35%. It owns and operates a pioneering digital platform for music radio in Portugal.

In television, its flagship is TVI network, audience leader both round the clock and in prime time, with daily average shares of 22% and 26%, respectively. It encompasses 6 channels (TVI, the general-interest channel, and pay TV channels TVI24, TVI Ficção, TVI Reality, TVI Internacional and Africa TVI) and broadcasts in 16 countries on nearly 40 platforms.

The fact that the sale of Media Capital to Altice has fallen through does not alter the financing agreement signed by PRISA with its creditor bank, which extends the maturity of debt until the end of November 2022.

Back to news

It may interest you

Go to the top of the page