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Concept
PRISA
Summary
Promotora de Informaciones, S.A. (PRISA) is a Spanish media conglomerate headquartered in Madrid, Spain. It is one of the largest media companies in Spain and all of Latin America, producing a wide variety of educational, cultural and informative content. PRISA owns a portfolio of newspapers, magazines, radio stations, and television networks. The majority subsidiaries and brands of the company are El País, Cadena SER, and Santillana.
The PRISA group was founded in 1972 by Jesús de Polanco, who was the major shareholder and the president of the company until his death on 21 July 2007. The other founder was José Ortega Spotorno, the son of the philosopher Ortega y Gasset. The company was established as part of the Spanish transition towards democracy. The son of Jesús de Polanco, Ignacio Polanco, succeeded him as the president of PRISA.
The share of the group in the Spanish press market was 15.1% in 2006.
As of 2010 it was controlled by Nicolas Berggruen. At the end of 2010 the US hedge fund Liberty Acquisitions Holdings acquired 51% of the company.
In March 2014, Prisa sold part of the Santillana group, the Alfaguara publishing house, to Penguin Random House for 72 million euros.
In 2014, the Prisa group closed the sale of its 56% stake in the Digital+ channel marketed under the name Canal+ España to Telefónica for an estimated amount of 750 million euros.
In July 2017, Altice announced the acquisition of Media Capital, a Portuguese company dedicated to the media, which in particular owns TVI, Prisa, for approximately 440 million euros, but which shortly after refused to sell it to Altice.
In January 2021, Vivendi announced the acquisition of a stake in the capital of Prisa, amounting to 9.9%.
In January 2021, French conglomerate Vivendi acquired a 9.9 percent stake in Prisa.
As of 2012, the company holds a 50% interest in El Huffington Post, the Spanish-language version of the news source.
Newspapers
PRISA owns the following papers among the others
El País: Daily newspaper.
Diario AS: Sports newspaper.
Official source
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