In addition, among other groups, Global Media, which owns Diário de Notícias, Jornal de Notícias and TSF (more than two million euros of negatives), Observador (877 thousand negatives) and Público (almost 2.1 million euros). negative) returned to showing accounts in the negative.
On the other side of the “barricade” are Cofina (owns Correio da Manhã, CMTV, Negócios, Record, Flash and TV Guia), Impresa (owner of SIC and Expresso), RTP and Rádio. Renascença still has good accounts, although only Cofina increased profits compared to the previous year. Let us also mention Trust in News (the company that owns Visão, Caras, Activa and TV Mais, among other publications), which kept its net result very close to zero.
Bauer Media Group, which acquired radio stations Comercial, M80, Cidade FM and Smooth FM from Media Capital, already appears in a document published this year by the media regulator, having recorded profits of more than $4.7 million in 2022.
MORE DATA
in red
Since 2014, the net results of Global Media, Observador and Público have always been negative. The scenario repeated (and worsened) in 2022.
loss of leader
Media Capital continues to be the group with the largest accumulation of losses over the past nine years: almost 70 million euros. Next comes Global Media (exceeded 60 million).
income
In 2022, 53% of companies experienced revenue growth and 61% positive net results, which is less than in 2021, the ERC noted.
TO LEARN MORE
GLOBAL MEDIA ISSUES IN BRUSSELS
Businessman Mario Galinha, through the Bel group, recently sold part of Global to the Swiss fund Union Capital Group. The company’s new shareholder structure has raised doubts that have already reached the European Commission.
COFFIN SALE IS COMPLETED
Cofina shareholders approved on Thursday the sale of Cofina Media to a Management Buy Out (MBO) company led by Luis Santana, Octavio Ribeiro and a group of group employees joined by footballer Cristiano Ronaldo.
Author: Duarte Faria
Source: CM Jornal
I am Michael Melvin, an experienced news writer with a passion for uncovering stories and bringing them to the public. I have been working in the news industry for over five years now, and my work has been published on multiple websites. As an author at 24 News Reporters, I cover world section of current events stories that are both informative and captivating to read.