PANAMA: Sold the radio station and fired the journalists. But the former director does not agree

Sold the radio station and fired the journalists
The former director of Radio Panamá, Edwin Cabrera, in an interview with La Prensa, talks about the sale of the station and the ongoing tug-of-war with the owners
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We reported (March 2021) on the sale of several foreign holdings by the Prisa group (see here). The company, which is present in 24 countries, owns brands such as Santillana (prints 106.5 million books that reach 34 million students in Latin America every year), El País (Spain’s largest daily newspaper), Los40 (founded in 1966 as a programme of Cadena Ser, since 1979 a network in Spain, it is present in several Latin American countries), and Cadena Ser (the radio network listened to by four out of ten Spaniards).

In Central America, the elimination of the editorial staff of Radio Panamá (27 people, including the staff of Los40) and the consequent suspension of broadcasting is not going unnoticed. The former director of information services Edwin Cabrera told the Panamanian newspaper La Prensa that the owners had wanted to get rid of the journalists for some time and had challenged the dismissal. He doubts the reasons for the opaque operation and speculates that behind the economic issues there may be an exchange of favours with political power to silence an uncomfortable voice.

Details here.

SPAIN: The Prisa Group divests abroad

The Prisa Group divests abroad
Prisa, Spain’s leading media group, is present in 24 countries. The radio brands are Cadena Ser, Los 40 Principales and Cadena Dial
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Before splitting its activities into two branches, the company with the largest number of radio stations in Spain divests abroad. If in the domestic market the Grupo Prisa refuses offers, abroad it has divested three radio and television companies. After Panama, with Los 40 Principales, the divestments continued in Portugal with the Media Capital group, which in addition to radio stations (Comercial and M80) owns a TV chnnel (TVI), an audiovisual production company (Plural) and a portal for digital natives (Iol.pt). In Argentina, instead, it has sold two radio stations in the capital: Radio Continental (104.3) and Los 40 Principales (105.5).

More details in the article of Economia Digital.