Amber Capital founder Joseph Oughourlian gained control of Spain's leading media group through a shareholder activism campaign ten years ago. However, he is currently facing a threat of being ousted by pro-government Spanish businessmen involved with media company Promotora de Informaciones SA, which owns El Pais newspaper. Tensions arose due to Oughourlian's strained relationship with the Socialist party and his obstruction of plans for a new pro-government TV station. The struggle at Prisa reflects a clash between a hedge fund manager supported by French billionaire Vincent Bollore and Spain's political establishment and poses a test for foreign ownership of media assets. Oughourlian has accumulated a significant stake in Prisa since 2015, attracting opposition led by Jose Miguel Contreras, a former Prisa executive. The conflict is intensifying as both parties vie for shareholder support before an upcoming general meeting. Oughourlian is working to secure Bollore's backing and garner support from other major shareholders, while the opposing group aims to exploit the relationship between Telefonica and Bollore's advertising business. Discussions involving various stakeholders are ongoing, and recent reports suggest potential government involvement, although officials have denied any connection to the Prisa matter.