News tags: Corporate

• Martínez Ahrens is confirmed as Editor-in-Chief of EL PAÍS following a consultative vote by the newsroom, with nearly 70 % in favor.
• The new Editor-in-Chief emphasized his unwavering commitment to the Americas and to defending freedoms, human rights, and democracy. 
• “Pluralism and independence to seek the truth, combat misinformation, and win the battle for audiences and subscriptions.” 
• “We must be leaders,” said the Editor-in-Chief. He promised to achieve this by remaining faithful to the paper’s founding principles: “We are a progressive newspaper that supports equality and diversity of all kinds.” 
• “As Editor-in-Chief, I am committed to respect for readers, for the truth, and for independence,” he concluded in his address to the newsroom, also noting that he will continue to serve as Editor-in-Chief of EL PAÍS América.
• Pilar Gil, CEO of EL PAÍS and PRISA Media said: “Under Jan’s leadership, it’s finally time for us to be truly recognized for the excellence of our teams and the impact of our journalism.”

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• Martínez Ahrens is an outstanding reporter with proven leadership skills and a global vision.
• “Jan is one of our own, a superb reporter and a staunch practitioner of the true hallmarks of good journalism: rigor, independence, pluralism, and on-the-ground reporting,” said EL PAÍS Chair Joseph Oughourlian.
• The Board has expressed its gratitude to Pepa Bueno for these past four years: “Pepa leaves EL PAÍS with over 400,000 subscribers and six editions in the Americas. Her tenure has consolidated the newspaper’s strategic transformation.”
• Pilar Gil, CEO of EL PAÍS and PRISA Media: “We continue to move forward with our plan to be the global reference for Spanish-language news and entertainment for all generations, based on freedom and independence.”

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• Joseph Oughourlian: “My focus as Chair is stability, business performance, and, as I never tire of repeating, the integrity of this company,”
• Pilar Gil: “Financial stability is a superpower. We now have the solid foundation we need to move forward and continue growing.”
• Paco Cuadrado: “We see tremendous potential in integrating AI into our educational ecosystem.”

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• Revenues rose by 2% and EBITDA by 5%, excluding extraordinary and temporary effects impacting quarterly comparisons.
• Santillana reached 3.2 million subscriptions, achieving margin expansion and robust growth in countries in the Southern Region Campaign across Latin America.
• At Prisa Media, advertising revenue advanced by 4%, and El País surpassed 414,000 total subscribers, reinforcing the success of its paywall model.
• PRISA generated 41% more free cash flow (FCF) and completed a €40 million capital increase.
• PRISA secured a strategic refinancing agreement, pending formalization, that will enhance financial stability and enable the Group to focus on business development.

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• The Board of Directors of PRISA, following a proposal and a favorable report from the Appointments, Remuneration, and Corporate Governance Committee, has approved the appointment of Paloma Bravo as the Group’s new Chief of the Presidency and Communications.

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• PRISA has surpassed its market commitments for the 2024 fiscal year.
• The Group’s businesses saw strong growth: learning systems surpassed three million subscriptions, while EL PAÍS exceeded 400,000 subscribers.
• Operating cash flow generation rose by 6%, while net debt decreased by 10%, bringing the net debt/EBITDA ratio to 3.97x, its lowest level in 20 years.
• The Group maintained a strong liquidity position, reaching €223 million.
• Financial results improved by 17%.

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