Press Releases

Talos Partners Invests in Media Giant PRISAWednesday, August 26th 2009

NEW YORK, Aug. 26, 2009 (GLOBE NEWSWIRE) -- Talos Partners, a Merchant Bank headquartered in New York City that provides capital to firms that have shown consistent operating profitability with a management team capable of capitalizing on opportunities, announced that it would purchase up to 10 million shares of PRISA's treasury stock, representing a 4.5% stake in the media giant and a warrant for up to 1 million shares at a 6 euro strike price.

Robert Brazell, Talos Partner's Chairman who has been openly critical of traditional media companies in books and articles, said, "PRISA is the first intelligent, diversified, customer centric, device agnostic, media group I have seen in ten years. PRISA has successfully transitioned in the new media model and will continue to dominate the modern Spanish speaking media for the next twenty years."

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