Reported 3 days ago
Joseph Oughourlian, founder of Amber Capital, is battling to retain control of Prisa, Spain's leading media group, after a decade of shareholder activism. Relations between Oughourlian and pro-government Spanish businessmen have deteriorated, especially following his opposition to a new government-backed TV channel. As the conflict escalates ahead of an impending shareholder meeting, Oughourlian seeks to secure support from key investors while facing criticism regarding foreign ownership of local media.
Source: YAHOO