Grupo Media Capital SGPS SA (Media Capital) is a Portugal-based company active in the media industry. The Company operates essentially in Portugal, Spain and Latin America. The structure adopted by Media Capital comprises six segments: Television, Audiovisual Production, Music and Entertainment, Cinema and Video, Radio, and Internet. Through its subsidiaries, Media Capital is engaged in the television (TV) broadcasting; production of TV programs, movies and audiovisual works; production and broadcasting of radio programs; music publishing; events production and provision of agency services to artists; distribution of movie rights; Internet advertising, and creation of Websites. As of December 31, 2011, the Company wholly owned Media Global SGPS SA, which was in possession of various subsidiaries, such as TVI Televisao Independente SA, MCP Media Capital Producoes SA, MCR II Media Capital Radios SA and MCME Media Capital Musica e Entretenimento, among others.