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ZON Multimédia is a Portuguese media holding company whose main assets include a satellite, cable operator and ISP, a movie distributor (Lusomundo) and a virtual carrier of mobile phone services. Its services include cable television, cable internet and VOIP. ZON Multimédia (formerly PT Multimédia) is the spun-off media arm of Portugal Telecom. ZON Multimédia produces several premium channels for the ZON TV platform, which include SportTV (joint-venture with Controlinveste) and TVCine. ZON Lusomundo is also the home-video distributor of Walt Disney Pictures, Warner Bros., DreamWorks and Paramount Pictures releases in the Portuguese market, alongside of launching several independent and European titles.


ZON was founded in 1994, and was the second cable operator to be founded in Portugal (the first was the regional Cabo TV Madeirense, which was founded in 1992).
The company might be considered a Portuguese dot-com. In the PT Multimédia days, it brought Portugal Telecom SAPO (a successful web portal and search engine, sold to its parent company in 2005), Lusomundo (a successful movie distributor, movie theater operator included in the spun off company and, formerly, the owner of the Diário de Notícias newspaper and the TSF radio, which were sold to Controlinveste the same year as SAPO was sold) and several TV channels such as SportTV, CNL (now SIC Notícias) and TVCine (MOV was only created after the spin-off).
On 17 January 2008 ZON announced it would acquire TVTEL, its main competitor in both cable and satellite broadcasting in Porto region. Thus, ZON is strengthening its position due to the appearance of a new significant rival, meo from Portugal Telecom, using IPTV and satellite broadcasting systems, and there remains one other more cable television and internet operator in Portugal, Cabovisão.
On 29 September 2008 ZON Multimédia announced the new mobile product ZON Mobile (MVNO), the first real quad play operator in Portugal.
In November 2008, ZON announced that it would enter the contest for the fifth channel that will be created at the same time as Digital Terrestrial Television is introduced in Portugal.
On 17 March 2010 ZON renamed its cable and satellite television service as ZON TV, dropping the 16-year-old TVCabo name.
Benfica TV is available since 1 July 2013.