Mediaset España (Spanish pronunciation: [meðjaˈset esˈpaɲa]), full name Mediaset España Comunicación, S.A., is a Spanish media company, controlled by the Italian company Mediaset S.p.A. Its divisions include the generalist free-to-air TV channels Telecinco and Cuatro, thematic channels and a film production subsidiary, Telecinco Cinema.
Headquarters in Madrid
|Formerly||Gestevisión Telecinco, S.A.|
|Founded||10 March 1989|
|Alejandro Echevarría, Chairman|
Paolo Vasile, CEO
|Products||Television and online content|
|Revenue||€957.89 million (2015)|
|€766.74 million (2015)|
|€205.18 million (2015)|
|Total assets||€1.386 billion (2015)|
|Total equity||€1.069 billion (2015)|
|Owner||Mediaset S.p.A. (50.2%)|
Number of employees
|Subsidiaries||Sogecuatro, Grupo Editorial Tele 5, Telecinco Cinema, Publiespaña, Conecta 5 Telecinco|
Created in 1989 as Gestevisión Telecinco, it was then granted one of the first licenses for private free-to-air analogic terrestrial TV broadcasting in Spain. In 2009, already in the TDT transition era, Gestevisión agreed with PRISA's Sogecuatro to merge their businesses (most notably their flagship channels Telecinco and Cuatro), with Gestevisión absorbing Sogecuatro in exchange of a minor participation of PRISA as shareholder of Gestevisión. In 2011, the media conglomerate was renamed to Mediaset España Comunicación S.A. PRISA eventually sold its remaining shares in 2015.
1989–1993: The early yearsEdit
Gestevisión Telecinco was established on 10 March 1989, to participate in the government auction of broadcasting licenses announced by Felipe González's government following the Ley de Televisión Privada (Law of Commercial Television). Its first president was Germán Sánchez Ruipérez and, with a capital of 250 million pesetas, its shareholding was distributed as follows:
- Fininvest, presided by Silvio Berlusconi (25%);
- Divercisa, belonging to the Organización Nacional de Ciegos de España (ONCE), presided by Miguel Durán (25%);
- Sociedad Europea de Comunicación e Información (CECISA), belonging to Ediciones Anaya, presided by Germán Sánchez Ruipérez (25%);
- Juan Fernández Montreal, owner of Chocolates Trapa (15%);
- Promociones Calle Mayor, of the property developer Ángel Medrano Cuesta (10%).
On 25 August 1989 Gestevisión Telecinco, along with Antena 3 Televisión and PRISA TV, were issued a 10-year broadcasting license to operate a national, free-to-air, commercial television channel. On 3 March 1990 Tele5 (as it was known then) began its initial broadcast.
The main director of Atlas, Chema Baptist, added maximum responsibility of Telecinco's internet area and new business multiplatform to his duties. This decision was part of the company's policy of harnessing content creation and management in new technologies, and it took place immediately after the repurchase of 50% of his internet branch was finalised by Orange in 2001.
In 1998, after the arrival of Paolo Vasile as Chief executive officer, Telecinco became more prominent in Spain. On 10 March 2000, the Spanish government renewed the concession for a further 10 years.
Gestevisión Telecinco was listed on the stock exchange on 24 June 2004.
2009–present: Telecinco-Cuatro mergerEdit
On December 18, 2009, Mediaset, the controlling shareholder of Gestevisión Telecinco, and PRISA, parent company of Sogecable, presented an agreement to merge their television operations (Telecinco and Cuatro). Following this merger, Cuatro would be purchased in full by Telecinco. As part of the deal, PRISA would buy newly issued shares of Gestevisión Telecinco, giving it an 18% stake in the company.
This agreement made Gestevisión Telecinco the largest television network in Spain by audience share. In total the group would operate eight free-to-air channels: Telecinco, Cuatro, LaSiete, FactoríaDeFicción, LaNueve, CNN+ and CincoShop.
The board of directors of the enlarged Gestevisión Telecinco (which will keep the brands and editorial structure of both Telecinco and Cuatro) has Alejandro Echevarria as a chairman and Juan Luis Cebrián as a vicechairman, both non-executives; with two CEOs, Paolo Vasile (programming) and Giuseppe Tringali (advertising). PRISA also has two CEOs and nominates the vice-chairman of the operator.
On 11 March 2011 following the purchase of Cuatro and the creation of its newest channel, Divinity, the company informed the Comisión Nacional del Mercado de Valores to amend the corporate name of the company from Gestevision Telecinco to Mediaset España Comunicación.
Mediaset is a supporter of the Hybrid Broadcast Broadband TV (HbbTV) initiative that is promoting and establishing an open European standard for hybrid set-top boxes for the reception of broadcast TV and broadband multimedia applications with a single user interface, and has run pilot HbbTV services.
It is currently owned by Mediaset Investimenti (41.22%), PRISA (17.34%) and free-float (39.87%). In 1997, the corporate identity was changed from Tele 5 to the current Telecinco, dropping Berlusconi's flower logo in the process.
- Grupo Editorial Tele 5, S.A.U. (Spain)
- Agencia de Televisión Latino-Americana de Servicios y Noticias España, S.A.U. (Spain)
- Telecinco Cinema, S.A.U. (Spain)
- Publiespaña, S.A.U. (Spain)
- Cinematext Media, S.A. (Spain)
- Conecta 5 Telecinco, S.A.U. (Spain)
- Mediacinco Cartera, S.L. (Spain)
- Canal Factoría de Ficción, S.A.U. (Spain)
- Atlas Media, S.A.U. (Spain) - News agency responsible for providing news content for Telecinco's daily news bulletins.
- Agencia de Televisión Latino-Americana de Servicios y Noticias País Vasco, S.A.U. (Spain)
- MiCartera Media, S.A.U. (Spain)
- Publimedia Gestión, S.A.U. (Spain)
- Advanced Media, S.A.U. (Spain)
- Cinematext Media Italia, S.R.L. (Italy)
- Telecinco Factoría de Producción, S.L.U. (Spain)
- Sociedad General de Televisión Cuatro, S.A. (Spain) - Defunct subsidiary responsible for operating Cuatro.
- Compañía Independiente de Noticias de Televisión, S.A. (Spain) - News agency responsible for providing content for the now defunct CNN+ news channel.
- Sogecable Media, S.L. (Spain)
- Telecinco, Telecinco HD
- Cuatro, Cuatro HD
- Factoría de Ficción
- Boing (50% with Turner Broadcasting System)
- Be Mad
- "XMCE:TL5 Annual Report Filling". quote.morningstar.com. Retrieved 15 April 2018.
- "Gestevisión Telecinco pasa a ser Mediaset España Comunicación". prnoticias.com. 13 April 2011.
- Forcada, D. (21 April 2015). "Prisa pujará por un nuevo canal tras sacar 550 millones por la venta de Cuatro". El Confidencial.
- "History of Mediaset SpA – FundingUniverse". www.fundinguniverse.com. Retrieved 15 April 2018.
- "Inversores - Mediaset" (PDF). Mediaset. Retrieved 15 April 2018.
- Telecinco y Cuatro se fusionan para liderar la televisión en España El País, 18 de diciembre de 2009
- Telecinco y Cuatro fusionarán sus operaciones Archived 2011-09-27 at the Wayback Machine Telecinco, 18 de diciembre de 2009
- David Del Valle. Spain selects HbbTV standard. Advanced Television 25 November 2011. Retrieved 27 March 2012