Bloomberg News

Portugal Sale of RTP To Ruin Competitors’ Revenues, Impresa Says

October 26, 2011

Oct. 26 (Bloomberg) -- Portugal’s planned sale of state- owned broadcaster RTP-Radio Televisao de Portugal, as advertising revenue is dropping, may cause a potencial decline of about 60 percent in the revenue of its rivals, said Francisco Pinto Balsemao, chairman of broadcaster Impresa SGPS SA.

Balsemao spoke at a conference in Lisbon. The Portuguese government plans to sell RTP as part of the country’s external bailout plan.

To contact the editor responsible for this story: Anabela Reis at areis1@bloomberg.net


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