Televisa shuts down Puerto Rico publications

What: Magazine publisher Televisa is pulling the plug on its Puerto Rico operations as of December 5 leaving about 50 workers jobless.
Why it matters: Puerto Rico is a major media and advertising  market. Having a major publisher like Televisa fold the local Puerto Rican editions of many of its magazines  is a significant and telling move.

descarga (1)Televisa’s editorial management from the Mexico-based company has taken employees , who work in local publications of that company, by surprise after announcing the closure of operations in Puerto Rico, effective December 5.

Approximately 50 workers will be left jobless after the closing of the offices that produce the publications locally. These magazines include Caras, TV y Novelas and Vanidades Puerto Rico. These magazine are also published digitally.

Executives from Televisa Publishing and Digital offices in Mexico gathered all employees to notify them of the closure..The news came as a surprise as nothing like that was expected, especially because of Televisa's recent promotional activities related to Caras magazine's 25th anniversary, a celebration that took place at  El Convento en Viejo San Juan hotel.

No local personnel were authorized to issue official statements on the closure of Televisa Publishing's Puerto Rico operations.


Editorial Staff (@portada_online)

Portada is the leading source of news and analysis on the Latin Marketing and Media space. Credibility is our biggest asset: The Portada team is very passionate about producing high-quality independent content that helps drive forward the Latin Marketing and Media space.
El equipo editorial de Portada se apasiona por elaborar contenidos de alta calidad. La credibilidad es nuestro mayor activo. La misión de Portada es ayudar a profesionales de negocios y medios a comprender y alcanzar a consumidores latinoamericanos, del mercado hispano de EE UU y España.

MORE FROM PORTADA

#Portada16: Are Multicultural Media Buying Agencies Necessary?

#Portada16: Are Multicultural Media Buying Agencies Necessary?

One of the key highlights of the many sessions of #Portada16, co-produced with MediaPost last week, was the panel "Do Multicultural Media Buying Agencies have a Reason to Exist? The panelists argued passionately on a topic that is at the very crux of Multicultural Marketing and Media.


Lionsgate & Univision Launch Spanish-Language Movie Streaming Service 

Lionsgate & Univision Launch Spanish-Language Movie Streaming Service 

Lionsgate, the next generation global content leader, and Univision Communications Inc. are teaming to launch a premium subscription video on demand (SVOD) service for the booming Hispanic movie-going audience in the U.S.The new premium on demand movie service will tap base of more than 50 million hispanic consumers in the U.S.


IPG Mediabrands and Innovid Announce Partnership, New Technology to Improve OTT Video Experience

IPG Mediabrands and Innovid Announce Partnership, New Technology to Improve OTT Video Experience

IPG Mediabrands and Innovid have launched a partnership and set of products that could make waves in the video advertising world.