The holding company Imagina, owned by Juame Roures and Juan Abelló, finished the fiscal year with its worst results ever, losing five times more than in 2012.
Shareholders withdrew investments, operational costs increased and capital requirements rose. These factors left the media company in a tough position. The company hopes to turn a profit during the next several years in order to put some money back in the bank.
But this will be a tough goal, because its latest debt refinancing agreement makes the big media companies Mediapro, Globomedia and GolTV its backers. If this risky deal does not turn out well, then Imagina's future will be in trouble.