Type
Merger/Acquisition
Country
Spain
Region
Location of affected unit(s)
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Programming And Broadcasting Activities
60 - Programming and broadcasting activities

390 jobs
Number of planned job losses
Job loss
Announcement Date
25 July 2003
Employment effect (start)
1 September 2003
Foreseen end date

Description

Antena 3, Spanish broadcasting entreprise, has been acquired to Telefonica by Planeta. Planeta is the third broadcast network in Spain with 20% of shares.

Last year, Antena 3 had a loss of 31 millons euros.


Sources

  • 25 July 2003: Expansión
  • 23 July 2003: El País

Citation

Eurofound (2003), Antena 3, Merger/Acquisition in Spain, factsheet number 59315, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59315.