Vocento’s international ambitions

Spanish publishing group Vocento, formerly Grupo Correo-Prensa Española, and publisher of the Madrid based daily ABC, is looking to invest in print media properties outside of Spain. It is in a strong position to do so after the recent sale of its 12% stake in Spanish TV network Tele 5 to the Italian media group Mediaset for 276 million euros.

Vocento is interested in acquiring the Portuguese newspapers Jornal de Noticias and Diario de la Mañana from Sapo, a Portuguese company which is owned by Portugal Telecom and Lusomundo. Vocento has expressed its interest to Sapo, but no formal negotiations have taken place.

If acquired, Jornal de Noticias and Diario de la Mañana would join Vocento's international group, which has a 33.3% stake in Cimeco. Cimeco was created in 1996 through a partnership between Argentinean groups Clarin and La>Nacion. Its mission is to build a network of regional newspapers in Argentina. Cimeco has majority stakes in La Voz del Interior (Córdoba) and Los Andes (Mendoza), two of Argentina's largest regional newspapers.


Trackback from your site.

Editorial Staff

Portada Staff

MORE FROM PORTADA

BRAND MARKETING RESEARCH: 41% of Consumers Have Switched Brands Due to Poor Personalization

BRAND MARKETING RESEARCH: 41% of Consumers Have Switched Brands Due to Poor Personalization

A summary of the most exciting recent research in brand marketing in the U.S., U.S.-Hispanic and Latin American markets. If you're trying to keep up, consider this your one-stop shop.


Hispanic Mobile Network AdsMovil Provides Advertisers with Viable Alternative to Duopoly

Hispanic Mobile Network AdsMovil Provides Advertisers with Viable Alternative to Duopoly

Could Adsmovil be the long-awaited viable alternative to the Facebook/Google duopoly?


Meredith Corporation Buys Time Inc. for US$2.8 billion

Meredith Corporation Buys Time Inc. for US$2.8 billion

Meredith Corporation has entered into a binding agreement to acquire all outstanding shares of Time Inc. for US$18.50 per share in an all-cash transaction valued at us$2.8 billion.Meredith adds leading media brands to already strong portfolio of National and Local Media Properties, creating media powerhouse with US$4.8 Billion in Revenues, Including US$2.7 billion of advertising revenues.