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All indications are that Televisa will definitively leave the radio sector, the cornerstone of the construction of Emilio Azcárraga Vidaurreta's warehouse, now headed by Emilio Azcárraga Jean. Although the company did not make it official, the decision to leave the radio was suggested two weeks ago by Alfonso de Angoitia, co-president of Televisa, and "unofficially confirmed" by almost every national newspaper on Monday. , which, citing "high-level sources in society," released that the consortium "began trading to sell its assets on the radio."
Non-strategic
On July 10, De Angoitia said in a conference with financial analysts that Televisa "is moving forward in its strategy of selling non-core assets, including betting and radio, to focus on its core market" (https://lta.reuters.com/article / internetNews / idLTAKBN1K02J9-OUSLI) The main market of Televisa, as it is called, is the production of audiovisual content and the distribution of these (and others purchased from commercial partners) to through different platforms: open television, pay (cable and DTH) and Internet. that he hopes to grow over the next few years.
The radio is no longer "strategic" for Televisa; in fact, it was not during the Azcárraga Jean period at the head of the company. The third of the dynasty decided, almost since he took over the management of Televisa, to operate his radio business in partnership with a partner.
Radio Centro
In May 2000, Televisa agreed with Radio Centro of a concentration in which it would have a majority stake – by purchasing securities in this group – but Francisco Aguirre Gómez, President of Radio Centro, would lead the board of directors and assume the executive chairmanship of the resulting company. The alliance would have meant the creation of a huge radio conglomerate with more than 100 stations in the country, of which 12 would be in CdMx.
Unofficially, the Federal Competition Commission (CFC) suggested to both companies that before sending the merger application, they get rid of "some" of their stations located in the Federal District of l & # 39; era. Against this Televisa and Radio Centro preferred to cancel the project.
Grupo ACIR
Televisa insisted. In September 2000, with Grupo Acir, he announced the signing of the following agreement: a) Televisa would acquire 27.8% of the shares of Acir; b) a conglomerate called Acir-Radiópolis would be formed with 194 radio stations in the country (the largest in the republic) and a 50.01% stake for Televisa and 49.99 for Acir; d) Francisco Ibarra López, of Acir, would chair the new company, he would have a place on the board of directors of Televisa, and his son, Antonio Ibarra Fariña, would be the director general of Acir- Radiópolis.
The companies officially submitted the merger proposal to the CFC, which decided not to approve it. Televisa filed legal challenges to challenge the decision but was not successful.
Prisa
Until 2001, Televisa was able to partner with another company to manage its radio business. In October of the same year, he signed with Grupo Prisa, of Spain, the purchase of 50% of the radio division by the Spanish group. According to the agreement, Televisa Radio would be managed in a shared way: the managing director would be appointed by Televisa's board of directors on the proposal of Prisa, while the financial part would be entrusted to a person appointed by the Mexican consortium. . That is, Prisa would control Televisa's content definition and finances. The CFC approved the concentration because it did not involve any risk to "competition and free competition" in the Mexican radio market.
Televisa, therefore, will sell 50% of the radio division, consisting of 17 stations. The other 50 would remain in the hands of Prisa, who should negotiate new rules with the buyer (or the approval of those agreed with Televisa), or sell their stake. The question is only just beginning: the Federal Telecommunications Institute – based on its legal powers for economic competition in the areas of broadcasting and telecommunications – should monitor the process.
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