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    PRS   ES0171743901

PROMOTORA DE INFORMACIONES, S.A.

(PRS)
  Report
Delayed Bolsas y Mercados Espanoles  -  11:38 2022-09-26 am EDT
0.4110 EUR   -0.96%
07/29Promotora De Informaciones S A : Announcement of general shareholders' meeting
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07/27Promotora De Informaciones S A : PRISA Media forges a new alliance with leading Latin American media to jointly target the US advertising market.
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07/27Transcript : Promotora de Informaciones, S.A., H1 2022 Earnings Call, Jul 27, 2022
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Promotora de Informaciones S A : PRISA Media forges a new alliance with leading Latin American media to jointly target the US advertising market.

07/27/2022 | 07:54am EDT
  • PRISA Media and its partners announce the creation of+MAS Audiences, the largest programmatic advertising alliance to target the US Hispanic market. Together they'll boast an audience of 19 million unique users.
  • PRISA Media, Clarín (Argentina), El Comercio (Peru), Milenio/Multimedios (Mexico), and El Tiempo (Colombia) sign a strategic agreement to connect agencies and advertisers with their audiences in the US.

PRISA Media, Clarín (Argentina), El Comercio (Peru), Milenio/Multimedios (Mexico) and El Tiempo (Colombia) have joined forces to launch +MAS Audiences, an innovative programmatic advertising platform that connects advertisers with the US Hispanic market. The initiative brings together the world's top Spanish-language news media groups with the common goal of revolutionizing the US advertising market.

This agreement is yet another testament to PRISA Media's commitment to expansion in the United States and comes after the recent appointment of Juan Varela to oversee its operations in the country and the recently announced strategic alliance with iHeartMedia to integrate the streaming services of PRISA Media's radio networks into the iHeartRadio catalog

A unique platform

PRISA Media will now be focusing on the new avenues made available by technology in the advertising market with the creation of +MAS Audiences. This innovative platform allows a range of programmatic advertising purchase models in a way that is transparent, based on data, and personalized depending on each client's needs.

With a reach of more than 19 million unique users, +MAS Audiences will market its digital media assets, both general interest and specialized, covering a wide range of reader and advertiser interests. The alliance's portfolio will include websites with a large audience and widespread recognition such as As, Cadena SER, Canal 13, Clarín, El Comercio, El País, El Tiempo, Depor, FutbolRed, Gestión, Los40, MedioTiempo, Milenio, Multimedios, Olé, Portafolio, Radio Caracol, Newscast, TodoNoticias, Trome and W Radio, among many others.

All the websites in the +MAS consortium are noted for their original, quality content, meaning advertisers will enjoy direct access to sites that are highly valued by audiences.

PRISA Media's executive chairman Carlos Núñez said: "Thanks to the operational support of the associate teams and the coordination of Grupo Prisa, +MAS Audiences represents a revolution in programmatic advertising targeting Latino audiences in the United States. In a market shaped by the intermediation of agents who fail to add value to the process, +MAS directly connects publisherswith agencies and advertisers who truly understand the importance of connecting with Hispanic audiences".

For Héctor Aranda, CEO of Grupo Clarín, the media leader in Argentina, "+MAS Audiences is a strategic initiative to better serve our readers in the United States."

Meanwhile, Mariano Nejamkis, CEO of Grupo El Comercio, a leader in Peru, said "media in the region have a significant Spanish-speaking audience in the US and this initiative will enable us to better connect with them."

Angel Cong, CEO of Grupo Milenio/Multimedios, a leading media company in Mexico, added: "This alliance of leading Spanish-language media will provide advertisers targeting US Hispanics with a clear and direct way to reach this public via websites with original and high-quality content"

For the Chief Digital Officer of El Tiempo Casa Editorial de Colombia, Diego Vallejo: "+MAS Audiences will allow advertisers in the US market to have the greatest possible reach among Hispanic audiences, within a secure environment that delivers premium content from very strong and reputable brands. This is something that would be impossible to match by a single network or publisher acting alone".

In short, +MAS Audiences is a project that will deliver access to Hispanic audiences in a way that is both programmatic and transparent, without intermediaries and via an inventory of the highest quality. It will be overseen by the PRISA Media Sales Team in the United States, led by Juan Varela, who will coordinate with the rest of the media heads in the alliance.

About PRISA Media

PRISA Media is the business unit that brings together all the company's news and entertainment media. With a clear international vocation, it is the number-one media company in the Spanish-speaking world. The group operates leading brands and titles in its sector such as El País, AS, Cinco Días, Cadena SER, LOS40, Cadena DIAL, Radio Caracol, W Radio, ADN Radio and HuffPost, among others.

Disclaimer

Grupo PRISA - Promotora de Informaciones SA published this content on 27 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2022 11:53:04 UTC.


© Publicnow 2022
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Financials
Sales 2022 793 M 765 M 765 M
Net income 2022 -34,3 M -33,1 M -33,1 M
Net Debt 2022 870 M 839 M 839 M
P/E ratio 2022 -8,81x
Yield 2022 -
Capitalization 290 M 280 M 280 M
EV / Sales 2022 1,46x
EV / Sales 2023 1,36x
Nbr of Employees 6 897
Free-Float 49,1%
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Number of Analysts 6
Last Close Price 0,41 €
Average target price 0,92 €
Spread / Average Target 123%
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Managers and Directors
Pilar Gil Chief Financial Officer
Joseph Marie Oughourlian Non-Executive Chairman
Béatrice de Clermont Tonnerre Lead Independent Director
María Teresa Ballester Fornes Independent Director
Rosauro Varo Rodriguez Non-Executive Deputy Chairman