Prisa Media CEO Carlos Núñez Plans Television Launch Amid €450 Million Offer for 'El País' and Cadena SER, Stock Rises 5.64%

Carlos Núñez, the CEO of Prisa Media, has announced plans to launch a television network, emphasizing that the company's audiovisual development makes this step a natural progression. He stated that the move is reasonable due to Prisa Media's strong brands and talented professionals. This announcement comes amid reports that Spanish shareholders are offering €450 million for the media division, which includes 'El País' and 'Cadena SER'. Following this news, Prisa Media's stock rose by 5.64%. Additionally, the company is expected to hold a minority stake in the new television channel, which is still pending adjudication.