You will be redirected back to your article in seconds

Prisa to bid for remaining MC shares

Spanish giant requests auditor to look at price

LISBON — In the wake of Prisa’s acquisition of RTL’s holding in Media Capital (Variety, Feb. 5), giving the Spanish media group 73.7% of its Portuguese counterpart, it has now launched a bid to acquire the outstanding 26.3%.

The share price is to be set by the Portuguese authorities, which is likely to oblige Prisa to pay the average share price recorded by Media Capital over the past six months, Euros 8.30 ($10.75). Prisa paid Euros 7.40 ($9.60) a share for RTL’s holding.

Prisa has filed a request to the Portuguese Securities Market Commission for the appointment of an external auditor to determine a fair share price for Media Capital, since Prisa claims that the six month average has been inflated by speculatory pressures and does not reflect a fair value given the company’s performance, in comparison with other European media companies.

Notwithstanding these complications, Prisa’s chairman, Juan Luis Cebrian, announced in a press conference Wednesday that he plans to maintain the existing top management at MC and considers that the main growth area for the group in the near future will be audiovisual and digital services.

More TV

  • Saban Community Clinic Dinner Gala

    Ted Sarandos Wants a 'Love, American Style' Reboot for Netflix (EXCLUSIVE)

    LISBON — In the wake of Prisa’s acquisition of RTL’s holding in Media Capital (Variety, Feb. 5), giving the Spanish media group 73.7% of its Portuguese counterpart, it has now launched a bid to acquire the outstanding 26.3%. The share price is to be set by the Portuguese authorities, which is likely to oblige Prisa […]

  • Mark Steines Hallmark Channel 'Home &

    Hallmark Channel Host Says He Was Fired for Backing Harassment Claims

    LISBON — In the wake of Prisa’s acquisition of RTL’s holding in Media Capital (Variety, Feb. 5), giving the Spanish media group 73.7% of its Portuguese counterpart, it has now launched a bid to acquire the outstanding 26.3%. The share price is to be set by the Portuguese authorities, which is likely to oblige Prisa […]

  • TV News Roundup: Netflix Announces 'Daredevil'

    TV News Roundup: Netflix Announces 'Daredevil' Season 3 Premiere Date

    LISBON — In the wake of Prisa’s acquisition of RTL’s holding in Media Capital (Variety, Feb. 5), giving the Spanish media group 73.7% of its Portuguese counterpart, it has now launched a bid to acquire the outstanding 26.3%. The share price is to be set by the Portuguese authorities, which is likely to oblige Prisa […]

  • Michael Winship, President, Writers Guild of

    Former WGA East President Michael Winship Elected to Council Seat

    LISBON — In the wake of Prisa’s acquisition of RTL’s holding in Media Capital (Variety, Feb. 5), giving the Spanish media group 73.7% of its Portuguese counterpart, it has now launched a bid to acquire the outstanding 26.3%. The share price is to be set by the Portuguese authorities, which is likely to oblige Prisa […]

  • Kelly Ripa arrives at the Oscars

    Kelly Ripa to Guest Star on 'American Housewife' (EXCLUSIVE)

    LISBON — In the wake of Prisa’s acquisition of RTL’s holding in Media Capital (Variety, Feb. 5), giving the Spanish media group 73.7% of its Portuguese counterpart, it has now launched a bid to acquire the outstanding 26.3%. The share price is to be set by the Portuguese authorities, which is likely to oblige Prisa […]

More From Our Brands

Access exclusive content