Kevin Ho, chairman of KNJ Investment Limited, a Macau company that holds 35.25% of the capital of the Global Media Group (GMG), told Lusa that the group is “trying to restructure some of its main activities and focus more on digitalisation”.

“There will be some magazines and even some newspapers that are better on the digital side than the paper side,” Kevin Ho said.

“With the cost of paper reaching higher and higher levels”, added the businessman, GMG is “looking at different ways to, firstly, reduce costs, and, secondly, increase revenues”.

GMG, one of the largest Portuguese media groups, also owns TSF radio, among other titles such as O Jogo, as well as having a stake in Lusa news agency.

Stable recovery

The media sector in Portugal “has been recovering stably”, despite the impact of the Covid-19 pandemic and the “incident between Russia and Ukraine”, said Kevin Ho.

GMG's operations "are showing signs of improvement, with some positive results since the beginning of the year", added the businessman.