Prisa multiplies its losses by 2.5 to 33 million euros due to the cost of its debt. The media group, owner of El País and Cadena Ser, reduced its debt by 93 million euros to 832 million euros thanks to the issuance of convertible bonds for 100 million euros at the beginning of the year.
With this financial instrument, the group has increased capital to amortize 110 million of the so-called junior debt, the largest slab of the group.