You will be redirected back to your article in seconds

Quiero left lacking $ by Planeta

Problems underscore tough pay TV environment in Spain

MADRID — Spanish digital terrestrial pay TV operator Quiero is facing a crisis after media group Planeta revealed that it will not take part in a 12 billion peseta ($63.2 million) capital increase.

Planeta’s share looks likely to drop from 15% to 10% as a consequence. Planeta prexy Jose Manuel Lara Bosch resigned as prexy of Quiero in April.

Cuts introduced by Spanish telco Auna, a 49% shareholder, have also sparked other Quiero exec exits, including head of content/buyer Gino Nattaliccio and deputy director general-No. 2 exec Lluis Oliva.

A joint venture of Telecom Italia, and Spanish electricity groups Endesa and Union Fenosa, Auna launched DTT feevee Quiero in May 2000.

Service shocked pay rivals Sogecable and Via Digital by attracting a healthy 200,000 subs by January. But unease among investors soon followed. Endesa now wants to refocus on its core electricity business.

Quiero’s problems underscore the tough pay TV environment in Spain, which hosts three major digital platforms plus nascent cable TV systems.

(Emiliano de Pablos contributed to this report.)

More TV

  • Carrie Stein to Head Up Scripted

    Carrie Stein to Head Up Scripted TV at Kew Media

    MADRID — Spanish digital terrestrial pay TV operator Quiero is facing a crisis after media group Planeta revealed that it will not take part in a 12 billion peseta ($63.2 million) capital increase. Planeta’s share looks likely to drop from 15% to 10% as a consequence. Planeta prexy Jose Manuel Lara Bosch resigned as prexy […]

  • Thomas Ebeling to Step Down as

    Thomas Ebeling to Step Down as Head of Germany's ProSiebenSat.1

    MADRID — Spanish digital terrestrial pay TV operator Quiero is facing a crisis after media group Planeta revealed that it will not take part in a 12 billion peseta ($63.2 million) capital increase. Planeta’s share looks likely to drop from 15% to 10% as a consequence. Planeta prexy Jose Manuel Lara Bosch resigned as prexy […]

  • Diana RossAmerican Music Awards, Show, Los

    TV Review: The 2017 American Music Awards

    MADRID — Spanish digital terrestrial pay TV operator Quiero is facing a crisis after media group Planeta revealed that it will not take part in a 12 billion peseta ($63.2 million) capital increase. Planeta’s share looks likely to drop from 15% to 10% as a consequence. Planeta prexy Jose Manuel Lara Bosch resigned as prexy […]

  • Amazon Strikes International Output Deal With

    Amazon Strikes International Output Deal With AMC Studios

    MADRID — Spanish digital terrestrial pay TV operator Quiero is facing a crisis after media group Planeta revealed that it will not take part in a 12 billion peseta ($63.2 million) capital increase. Planeta’s share looks likely to drop from 15% to 10% as a consequence. Planeta prexy Jose Manuel Lara Bosch resigned as prexy […]

  • Charles Manson Hospitalized

    Charles Manson Dies at 83

    MADRID — Spanish digital terrestrial pay TV operator Quiero is facing a crisis after media group Planeta revealed that it will not take part in a 12 billion peseta ($63.2 million) capital increase. Planeta’s share looks likely to drop from 15% to 10% as a consequence. Planeta prexy Jose Manuel Lara Bosch resigned as prexy […]

  • Shawn MendesAmerican Music Awards, Show, Los

    American Music Awards 2017: Complete Winners List

    MADRID — Spanish digital terrestrial pay TV operator Quiero is facing a crisis after media group Planeta revealed that it will not take part in a 12 billion peseta ($63.2 million) capital increase. Planeta’s share looks likely to drop from 15% to 10% as a consequence. Planeta prexy Jose Manuel Lara Bosch resigned as prexy […]

More From Our Brands

Access exclusive content