Media Capital (MC) is a Portuguese media corporation founded in 1992[1] and the owner of TVI, the most watched TV channel in Portugal.[2] MC also owns MCM (Media Capital Multimedia) which includes IOL, Plural Entertainment, Farol and Castello Lopes Multimedia.
History
Media Capital group was established as a publisher of print media in 1992. In the following years, the Group acquired a number of publications that included the weekly newspaper that covered major political and business news “O Independente”.
In 1997, the group expanded its activity with the acquisition of two radios: Rádio Comercial and Nostalgia. It is in 1998 that the group acquires 30% of TVI and in 2000 creates its internet business: IOL.
The acquisition of NBP in 2001 consolidated the Group’s position in the television market as a whole, with a strong investment on the production of fictional contents in Portuguese. In 2003, Media Capital entered the movie distribution business (activity discontinued in the end of 2011) and, after acquiring Farol Música, became one of the major players in the music editing and record distribution business in Portugal.
The year of 2004 was marked by the preparation of the company for public quotation and subsequent listing of the company’s shares on Euronext Lisbon (closed on 30 March 2004).