RCS Mediagroup considers options for Spanish TV channels
RCS Mediagroup is considering options with regards to the two television channels owned by its Spanish unit Unidad Editorial, reported El Confidencial, citing market sources. According to the Spanish-language item, the Spanish media group Secuoya has made the highest offer - EUR 61m - for the assets comprising Veo Television and the frequency left by its former channel 13 Television.
In the past few weeks, RCS has begun to consider other options that would boost its EBITDA, such as a leasing arrangement with a third-party operator or a partial sale to Discovery Networks, the report said. Discovery could acquire 25% of Veo TV for EUR 25m, according to El Confidencial.
RCS has put a price tag of EUR 70m on the two television channels, the report noted.
An offer presented by the Spanish entrepreneur Blas Herrero of the radio station Kiss FM worth EUR 30m has been passed over, the report said.
RCS Mediagroup was expected to define and execute a plan to maximize its Spanish assets in 2016, it was previously