Prisa profits, revs drop off

Spain's second largest media group reports $66 mil for 2001

MADRID — Prisa, Spain’s second largest media group, is riding Spain’s recession well, reporting net profits of 76.7 million euros ($66 million) for 2001, just 17.2% down on a year earlier.

But hit by the country’s ad slump, Prisa saw ad revenues drop 16% at its flagship daily newspaper El Pais.

Earnings decline was held in check by a strong 25% rise in revenues to $336.5 million at its book publishing company Santillana, which specializes in educational texts.

Spanish pay TV leader Sogecable, in which Prisa holds a 21% stake, recorded net profits of $2.4 million.

More Biz

  • Kevin Durant LeBron James

    Kevin Durant Praises LeBron James' Lakers Move

    MADRID — Prisa, Spain’s second largest media group, is riding Spain’s recession well, reporting net profits of 76.7 million euros ($66 million) for 2001, just 17.2% down on a year earlier. But hit by the country’s ad slump, Prisa saw ad revenues drop 16% at its flagship daily newspaper El Pais. Earnings decline was held […]

  • Kevin Durant Rich Kleiman

    Kevin Durant Shares His Media Biz Playbook at Variety Sports & Entertainment Breakfast

    MADRID — Prisa, Spain’s second largest media group, is riding Spain’s recession well, reporting net profits of 76.7 million euros ($66 million) for 2001, just 17.2% down on a year earlier. But hit by the country’s ad slump, Prisa saw ad revenues drop 16% at its flagship daily newspaper El Pais. Earnings decline was held […]

  • David-Zaslav-Discovery Sun Valley Conference

    A Look at Key Trends Facing Media and Tech Companies Ahead of Q2 Earnings

    MADRID — Prisa, Spain’s second largest media group, is riding Spain’s recession well, reporting net profits of 76.7 million euros ($66 million) for 2001, just 17.2% down on a year earlier. But hit by the country’s ad slump, Prisa saw ad revenues drop 16% at its flagship daily newspaper El Pais. Earnings decline was held […]

  • Spotify logo is presented on a

    Spotify Launches Feature to Help Artists, Labels Submit Music to Playlists

    MADRID — Prisa, Spain’s second largest media group, is riding Spain’s recession well, reporting net profits of 76.7 million euros ($66 million) for 2001, just 17.2% down on a year earlier. But hit by the country’s ad slump, Prisa saw ad revenues drop 16% at its flagship daily newspaper El Pais. Earnings decline was held […]

More From Our Brands

Access exclusive content