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What is the media company owned by Cristiano Ronaldo?

What is the media company owned by Cristiano Ronaldo? - Portugal news
What is the media company owned by Cristiano Ronaldo? - Portugal Business News

Portugal investment news - What is the media company owned by Cristiano Ronaldo and what is the company’s investment value in 2023?

Cristiano Ronaldo is one of the new owners of Portuguese media company Cofina Media through the company Expressão Livre since October 26th, 2023.

What is the investment value of Cofina Media in 2023?

Cofina Media is a major Portuguese media company that is listed on Euronext Lisbon with a total number of shares admitted to trading amounting to 102,565,836. At the end of June 2023, Cofina Media shares closed at EUR 0.360/share, with a corresponding market capitalization of 37 million Euros.

The operating revenues of Cofina Media amounted to 36.9 million Euros for the first half of 2023. During that period, the EBITDA of Cofina Media reached 5.9 million Euros, representing a decrease of 10.3% compared to the first half of 2022.

Who are the new owners of Cofina Media?

The new owners of Cofina Media are a group of investors including Cristiano Ronaldo, Luís Santana, Ana Dias, Octávio Ribeiro, Isabel Rodrigues, Carlos Rodrigues, Luís Ferreira, Carlos Cruz, Domingos Vieira de Matos, Paulo Fernandes and João Borges de Oliveira, through Portuguese company Expressão Livre SGPS.

What is Cofina Media?

Cofina Media is a major Portuguese media company based in Porto. Cofina Media has 4 newspapers, 2 printed magazines, 2 online people magazines, and 1 cable television channel.

Cofina Media has 4 newspapers:

1 - "Correio da Manhã"

"Correio da Manhã" is a generalist daily newspaper in Portugal. For the period January to June 2023, "Correio da Manhã" remains in the lead as the best-selling daily newspaper in Portugal, registering an average of about 43 thousand copies sold per edition.

2 - Sports daily newspaper "Record"

3 - Economic newspaper "Jornal de Negócios"

4 - Free newspaper "Destak"

Cofina Media has 2 printed magazines:

1 - "Sábado"

"Sábado" is a generalist weekly magazine. In 2023 "Sábado" reached 22 thousand copies.

2 - " TV Guia"

"TV Guia" is a weekly television magazine.

Cofina Media has 2 online People magazines:

1 – Online People magazine "Flash!"

2 – Online People magazine " Máxima "

Cofina Media has 1 cable TV channel:

1 - Cable television channel CMTV

Cofina Media cable television channel “CMTV” is distributed on all cable platforms. “CMTV” is a market leader in the subscription channels segment with total revenues in 2023 amounting to around 11 million Euros, which corresponds to a growth rate of 13.6%.

The EBITDA of “CMTV” in 2023 was around 2.6 million Euros that is a slight decrease of 3.1% compared to the same period in 2022.

During the first half of 2023, Cofina Media’s cable television channel “CMTV” strengthened its position as the 4th largest generalist channel in Portugal, with a share of 5.1% in the Free to Air market segment and a share of 9% in the Cable Channels market segment.

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