Prisa buys into Televisa radio arm

Spain's media group nabs 50% of Radiopolis

MADRID — Spain’s biggest media company, the Prisa Group, has purchased 50% of the Radiopolis radio group, owned by Mexican media giant Televisa. Prisa paid Televisa $50 million and injected another $10 million into Radiopolis to increase its working capital.

Underscoring Prisa’s international ambitions in the Spanish-speaking world, the move coincides with the creation of Prisa’s first international media division. It will be directed by Jaime Polanco, former Prisa general manager, North America. Polanco will be based out of New York and Madrid.

The Televisa-Prisa radio alliance is a long-term strategic bet, aimed at allowing the companies’ radio interests to grow in Mexico and beyond. Radiopolis is the fifth-largest radio network in Mexico.

At a Madrid press conference Monday, Prisa prexy Jesus de Polanco stressed that the Televisa-Prisa deal was the first step in creating “a pan-Latin American (radio) group” also operating in the Hispanic U.S.

(Mary Sutter in Miami contributed to this report.)

More News

  • Jamie Lee Curtis Embraces Sobbing Fan,

    Jamie Lee Curtis Embraces Sobbing Fan, 'Halloween' Saved His Life

    MADRID — Spain’s biggest media company, the Prisa Group, has purchased 50% of the Radiopolis radio group, owned by Mexican media giant Televisa. Prisa paid Televisa $50 million and injected another $10 million into Radiopolis to increase its working capital. Underscoring Prisa’s international ambitions in the Spanish-speaking world, the move coincides with the creation of […]

  • Frances McDormand Oscar theft

    Amazon Showrunners Panel: Frances McDormand Will Star as God in 'Good Omens'

    MADRID — Spain’s biggest media company, the Prisa Group, has purchased 50% of the Radiopolis radio group, owned by Mexican media giant Televisa. Prisa paid Televisa $50 million and injected another $10 million into Radiopolis to increase its working capital. Underscoring Prisa’s international ambitions in the Spanish-speaking world, the move coincides with the creation of […]

  • Amazon Studios SDCC Roundup: Teaser Trailers,

    Amazon Studios SDCC Roundup: Teaser Trailers, Casting, Release Dates

    MADRID — Spain’s biggest media company, the Prisa Group, has purchased 50% of the Radiopolis radio group, owned by Mexican media giant Televisa. Prisa paid Televisa $50 million and injected another $10 million into Radiopolis to increase its working capital. Underscoring Prisa’s international ambitions in the Spanish-speaking world, the move coincides with the creation of […]

  • Glass trailer

    M. Night Shyamalan's 'Glass' Trailer Debuts at Comic-Con

    MADRID — Spain’s biggest media company, the Prisa Group, has purchased 50% of the Radiopolis radio group, owned by Mexican media giant Televisa. Prisa paid Televisa $50 million and injected another $10 million into Radiopolis to increase its working capital. Underscoring Prisa’s international ambitions in the Spanish-speaking world, the move coincides with the creation of […]

  • Buffy the Vampire Slayer

    'Buffy the Vampire Slayer' TV Reboot in Development From Joss Whedon, Monica Owusu-Breen

    MADRID — Spain’s biggest media company, the Prisa Group, has purchased 50% of the Radiopolis radio group, owned by Mexican media giant Televisa. Prisa paid Televisa $50 million and injected another $10 million into Radiopolis to increase its working capital. Underscoring Prisa’s international ambitions in the Spanish-speaking world, the move coincides with the creation of […]

  • Iron Fist

    TV News Roundup: Marvel's 'Iron Fist' Gets Season 2 Premiere Date on Netflix

    MADRID — Spain’s biggest media company, the Prisa Group, has purchased 50% of the Radiopolis radio group, owned by Mexican media giant Televisa. Prisa paid Televisa $50 million and injected another $10 million into Radiopolis to increase its working capital. Underscoring Prisa’s international ambitions in the Spanish-speaking world, the move coincides with the creation of […]

  • Jon Schnepp and Holly Payne g

    'Metalocalypse' Writer-Director Jon Schnepp Dies at at 51

    MADRID — Spain’s biggest media company, the Prisa Group, has purchased 50% of the Radiopolis radio group, owned by Mexican media giant Televisa. Prisa paid Televisa $50 million and injected another $10 million into Radiopolis to increase its working capital. Underscoring Prisa’s international ambitions in the Spanish-speaking world, the move coincides with the creation of […]

More From Our Brands

Access exclusive content