Pretesa gets $10 mil investment boost

Local TV company no. 1 in Spain

MADRID — Spanish investor Fingalicia and regional radio company Agrupacion Radiofonica have taken 10% and 4% stakes respectively in Promotora de Emisoras de Television (Pretesa), the local TV subsid of Prisa, Spain’s biggest media company.

The two companies will subscribe a €10.2 million ($9.7 million) capital increase to Pretesa this September.

While advertising is stagnating at Spain’s nationwide broadcsasters, the local TV advertising market is regarded as a significant growth sector in Spain.

Launched in 2000 under the brand name Localia, Pretesa is Spain’s local TV leader, owning, operating or holding programming pacts with 63 local TV operators.

More TV

  • catastrophe

    Number of Female Writers in British Film and TV at ‘Abjectly Low Levels’

    MADRID — Spanish investor Fingalicia and regional radio company Agrupacion Radiofonica have taken 10% and 4% stakes respectively in Promotora de Emisoras de Television (Pretesa), the local TV subsid of Prisa, Spain’s biggest media company. The two companies will subscribe a €10.2 million ($9.7 million) capital increase to Pretesa this September. While advertising is stagnating […]

  • Richard Gere to Return to TV,

    Richard Gere to Return to TV After Nearly 30 Years, in BBC Drama ‘MotherFatherSon’

    MADRID — Spanish investor Fingalicia and regional radio company Agrupacion Radiofonica have taken 10% and 4% stakes respectively in Promotora de Emisoras de Television (Pretesa), the local TV subsid of Prisa, Spain’s biggest media company. The two companies will subscribe a €10.2 million ($9.7 million) capital increase to Pretesa this September. While advertising is stagnating […]

  • Pose Sharp Objects

    Poll: Which New Summer Show Are You Most Excited to Watch?

    MADRID — Spanish investor Fingalicia and regional radio company Agrupacion Radiofonica have taken 10% and 4% stakes respectively in Promotora de Emisoras de Television (Pretesa), the local TV subsid of Prisa, Spain’s biggest media company. The two companies will subscribe a €10.2 million ($9.7 million) capital increase to Pretesa this September. While advertising is stagnating […]

  • Clint Walker Dead

    Clint Walker, Star of TV Western 'Cheyenne,' Dies at 90

    MADRID — Spanish investor Fingalicia and regional radio company Agrupacion Radiofonica have taken 10% and 4% stakes respectively in Promotora de Emisoras de Television (Pretesa), the local TV subsid of Prisa, Spain’s biggest media company. The two companies will subscribe a €10.2 million ($9.7 million) capital increase to Pretesa this September. While advertising is stagnating […]

  • The Watchman Book Cover

    Damon Lindelof Gives 'Watchmen' Update: 'This New Story Must Be Original'

    MADRID — Spanish investor Fingalicia and regional radio company Agrupacion Radiofonica have taken 10% and 4% stakes respectively in Promotora de Emisoras de Television (Pretesa), the local TV subsid of Prisa, Spain’s biggest media company. The two companies will subscribe a €10.2 million ($9.7 million) capital increase to Pretesa this September. While advertising is stagnating […]

  • Peter Lenkov

    Peter Lenkov Renews Overall Deal With CBS Television Studios

    MADRID — Spanish investor Fingalicia and regional radio company Agrupacion Radiofonica have taken 10% and 4% stakes respectively in Promotora de Emisoras de Television (Pretesa), the local TV subsid of Prisa, Spain’s biggest media company. The two companies will subscribe a €10.2 million ($9.7 million) capital increase to Pretesa this September. While advertising is stagnating […]

  • AMERICAN IDOL - "119 (Grand Finale)"

    'American Idol' Finale: The 11 Best Moments, From Kermit the Frog to Ada Marmalade

    MADRID — Spanish investor Fingalicia and regional radio company Agrupacion Radiofonica have taken 10% and 4% stakes respectively in Promotora de Emisoras de Television (Pretesa), the local TV subsid of Prisa, Spain’s biggest media company. The two companies will subscribe a €10.2 million ($9.7 million) capital increase to Pretesa this September. While advertising is stagnating […]

More From Our Brands

Access exclusive content