The story
Media Capital group was established as a publisher of print media in 1992. In the following years, the Group acquired a number of publications that included the weekly newspaper that covered major political and business news “O Independente”.
In 1997, the group expanded its activity with the acquisition of two radios: Rádio Comercial and Nostalgia. It is in 1998 that the group acquires 30% of TVI and in 2000 creates its internet business: IOL.
The acquisition of NBP in 2001 consolidated the Group’s position in the television market as a whole, with a strong investment on the production of fictional contents in Portuguese. In 2003, Media Capital entered the movie distribution business (activity discontinued in the end of 2011) and, after acquiring Farol Música, became one of the major players in the music editing and record distribution business in Portugal.
The year of 2004 was marked by the preparation of the company for public quotation and subsequent listing of the company’s shares on Euronext Lisbon (closed on 30 March 2004). In November 2005, Grupo Prisa became the largest shareholder of Grupo Media Capital.
In 2008, Media Capital sold its press business unit to Progresa (also owned by Grupo Prisa) and, at the end of the year, acquired Plural Espanha that, along with NBP, originated Plural Entertainment, one of the major content producers in Portuguese and Spanish, thus reinforcing its investment in the production and distribution of differentiated quality contents.
In 2020, Prisa sells 30,22% of its participation to Mário Ferreira’s Pluris Investments for 10,5 million. Later that year, Prisa Group announces the selling of the rest of the company leaving MC.
In 2021, MC and CNN signed an agreement that leads to the creation of CNN Portugal.
In 2022, MC sold all its radios (Rádio Comercial, M80, Cidade FM, Smooth FM and Vodafone FM) for 69,6 million to Bauer Media Group. The main focus is now on the TV Broadcast market. This operation would reduce the MC debt from 79,9M to 21,2M and even a profit of 36,7M after a loss of 4,1M in the previous year.
From Wikipedia’s article on Media Capital, shared under CC BY-SA 4.0.4