Televisa would complete the sale of its radio business in November

The sale of the radio division of Grupo Televisa "Radiópolis" could take place between October and November this year, a process that is in the initial phase, according to El Financiero revealed sources close to the process .

"Since the process is in progress, the number and names of potential bidders are still unknown, but there is still no negotiation with anyone," said one sources.

In this regard, he pointed out that in this first stage will be defined who are the interested parties as well as the investigations on the amounts and participations but denied that up to Grupo Acir or another radio group that made an offer for Televisa's radio division, as reported in some media.

According to the source, this sale is part of the series of disposals of non-strategic badets announced by the new management after the issuance of the first financial report of the year, a plan that began with the sale of the stake of 19 percent that the television station belonged to the Spanish group Imagina.

Radiópolis operates as part of a joint venture with Grupo Prisa, of which Grupo Televisa holds 50%. The group owns and operates 17 radio stations in Mexico, including three AM and three FM stations in Mexico, five AM and two FM stations in Guadalajara, one AM station in Monterrey, one FM station in Mexicali, one AM / combination Station FM in San Luis Potosí and an FM radio station in Veracruz.

Among the stations of the group is KE BUENA, W Radio, W Deportes and Los 40.