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UPDATE: RTL confirms Prisa sale

February 2, 2007 13.41 Europe/London By Julian Clover

RTL has confirmed that it is selling its holding in Portugese media company Grupo Media Capital to Grupo Prisa in a deal that will net the Luxembourg media operator proceeds of over €206 million. Last October, Prisa announced it was launching a takeover bid for all of Media Capital.There is speculation that RTL will use its windfall to buy into Impressa, but the company denied talks with RTL. Impresa’s free-to-air channel SIC is closing the gap on Media Capital’s TVI. Its audience daily audience share is up 2.4% year-on-year and now stands at 27.1%.

Other possibilities include investments in Turkey and Poland.

Rumours of a sale first surfaced in the German press in early January, but gathered pace in Portugal yesterday (Thursday) after a report in Journal de Negocios.

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Filed Under: Newsline Edited: 2 February 2007 18:43

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on X @julianclover, or by email at jclover@broadbandtvnews.com.

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