You will be redirected back to your article in seconds

Portuguese body stops MC stake sale

Prisa must find new buyer for media shares

LISBON — Portugal’s anti-trust body has nixed Spanish media conglom Prisa’s sale of a 35% stake in Media Capital, which owns Portuguese net TVI, to Ongoing Media for Euro122 million ($164 million).

The authority based its decision on a previous ruling by the country’s media regulatory, which had cited Ongoing’s failure to sell its 23% stake in Portugal’s other key media group Impresa, which owns rival net SIC.

TVI continues to dominate primetime viewing — with a 34% share — but cash-strapped Prisa will be keen to find an alternative buyer for Media Capital in order to trim its $5.4 billion debt.

More TV

  • Canneseries to Open With 'The Truth

    First Canneseries to Open With 'The Truth About the Harry Quebert Affair'

    LISBON — Portugal’s anti-trust body has nixed Spanish media conglom Prisa’s sale of a 35% stake in Media Capital, which owns Portuguese net TVI, to Ongoing Media for Euro122 million ($164 million). The authority based its decision on a previous ruling by the country’s media regulatory, which had cited Ongoing’s failure to sell its 23% […]

  • Wowow Acquires ‘The Good Doctor’ for

    Wowow Acquires ‘The Good Doctor’ for Japan

    LISBON — Portugal’s anti-trust body has nixed Spanish media conglom Prisa’s sale of a 35% stake in Media Capital, which owns Portuguese net TVI, to Ongoing Media for Euro122 million ($164 million). The authority based its decision on a previous ruling by the country’s media regulatory, which had cited Ongoing’s failure to sell its 23% […]

  • IT Crowd

    NBC Developing 'IT Crowd' Remake With Original Series Creator Graham Linehan (EXCLUSIVE)

    LISBON — Portugal’s anti-trust body has nixed Spanish media conglom Prisa’s sale of a 35% stake in Media Capital, which owns Portuguese net TVI, to Ongoing Media for Euro122 million ($164 million). The authority based its decision on a previous ruling by the country’s media regulatory, which had cited Ongoing’s failure to sell its 23% […]

  • Hasan Minhaj

    TV News Roundup: Hasan Minhaj Joins NBC's 'Champions' in Guest Role (EXCLUSIVE)

    LISBON — Portugal’s anti-trust body has nixed Spanish media conglom Prisa’s sale of a 35% stake in Media Capital, which owns Portuguese net TVI, to Ongoing Media for Euro122 million ($164 million). The authority based its decision on a previous ruling by the country’s media regulatory, which had cited Ongoing’s failure to sell its 23% […]

  • Sony's Tony Vinciquerra: Disney-Fox 'Creates Opportunities'

    Sony's Tony Vinciquerra: Disney-Fox 'Creates Opportunities'

    LISBON — Portugal’s anti-trust body has nixed Spanish media conglom Prisa’s sale of a 35% stake in Media Capital, which owns Portuguese net TVI, to Ongoing Media for Euro122 million ($164 million). The authority based its decision on a previous ruling by the country’s media regulatory, which had cited Ongoing’s failure to sell its 23% […]

  • Mayweather McGregor fight

    Floyd Mayweather-Conor McGregor Fight Is Second Biggest Pay-Per-View of All Time

    LISBON — Portugal’s anti-trust body has nixed Spanish media conglom Prisa’s sale of a 35% stake in Media Capital, which owns Portuguese net TVI, to Ongoing Media for Euro122 million ($164 million). The authority based its decision on a previous ruling by the country’s media regulatory, which had cited Ongoing’s failure to sell its 23% […]

  • What Disney Bought in the Fox

    What Disney Bought: A Billion-Dollar Breakdown of Assets

    LISBON — Portugal’s anti-trust body has nixed Spanish media conglom Prisa’s sale of a 35% stake in Media Capital, which owns Portuguese net TVI, to Ongoing Media for Euro122 million ($164 million). The authority based its decision on a previous ruling by the country’s media regulatory, which had cited Ongoing’s failure to sell its 23% […]

More From Our Brands

Access exclusive content