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July 07, 2015 4:11 AM ET

Media

Company Overview of PRISA Televisión S.A.U.

Company Overview

PRISA Televisión S.A.U., through its subsidiaries, operates as an audiovisual company that provides content production, audiovisual rights acquisition and management, television broadcast, marketing, subscription management, and advertising sale services. The company provides various programming services, including television channels from various genres, HD channels, a 3D channel, and a range of interactive services. It also produces programs for various audiovisual genres, including entertainment, drama, documentaries, and advertising. In addition, the company offers a high capacity hard drive that allows users to record and play digital programs whenever they like, tune in to DTT, freeze ...

Avenida de los Artesanos, 6

Tres Cantos,  28760

Spain

Founded in 1989

Phone:

34 91 736 70 00

Fax:

34 91 736 89 11

Key Executives for PRISA Televisión S.A.U.

Chief Executive Officer, Director, Member of Executive Committee, Member of Business Management Committee and Chief Executive Officer of Digital+
Chairman, President and President of Digital+
Age: 54
Chief Financial Officer
Chief Operations Manager and Member of Business Management Committee
Chief Executive Officer of Mediacapital and Member of Business Management Committee
Compensation as of Fiscal Year 2015.

PRISA Televisión S.A.U. Key Developments

Update On Canal Plus Acquisition

Telefónica, S.A. (CATS:TEF) is reportedly nearing completion of a deal to acquire controlling interest in PRISA Televisión, S.A.U. for $1.1 billion, according to Bloomberg.

Canal Plus Sale Stalls

Promotora de Informaciones, S.A. (CATS:PRS) (Prisa) is finding it difficult to sell its 56% stake in PRISA Televisión, S.A.U (Canal Plus) for the expected €1 billion. None of the financial proposals have met its expectations and Prisa has decided to extend the initial January 31, 2014 deadline for binding offers to February 24, 2014. Several groups have expressed their interest in acquiring the stakes. The most likely candidate is Telefónica, S.A. (CATS:TEF), with a 22% stake in Canal Plus, whom Prisa is holding negotiations. The problem is that Telefonica would only be willing to pay between €500 million-€600 million for the majority of stakes. Other possible bidders are Societe d'Edition de Canal Plus S.A. (ENXTPA:AN), Rupert Murdoch, Liberty Global Ventures and Al Jazeera Finance, but none of them would offer €1 billion for Canal Plus as hoped for by Prisa. It is understood that Murdoch only offered €200 million for the stakes.

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