Bauer Media completed the acquisition of Media Capital Radios for $79m.

Bauer Media, a German multimedia conglomerate, completed the acquisition of Media Capital Radios, a radio group, for $79m. “We have tremendous admiration and respect for the quality of the brands we have acquired and truly believe in the potential of Media Capital Rádios – now trading as Bauer Media Audio Portugal - and the Portuguese Radio market in general, today and in the future. Radio played such a vital role throughout the pandemic and we expect it to remain highly valued by listeners and advertisers going forward, who value it for its trust, flexibility and effectiveness,” Richard Dawkins, Bauer Media Group President.