Spain's Recoletos, 80% owner of Meximerica Media, publisher of the Rumbo newspaper network, is planning to spinoff some of its print media assets, including financial daily Expansion (circ. 40,000) which Pearson is looking into buying. According to some analysts, Recoletos might even sell Marca, currently the leading Spanish sports newspaper. Recoletos intends to concentrate its efforts on the daily tabloid Qué! and on television ventures. Grupo Godó, publisher of Barcelona based paper La Vanguardia, recently bought a 30 % stake in Que!. The free tabloid employs an editorial staff of 137 journalists and is given away at 7,500 distribution points in Madrid, Barcelona, Valencia, Alicante, Zaragoza, Palma de Mallorca, Bilbao, Oviedo, Gijón, La Coruña, Vigo, Sevilla and Málaga. Edward Schumacher-Matos, CEO and editorial director of the Rumbo-Meximerica Media papers, said recently that Recoletos is considering the sale of a minority stake in Rumbo-Meximerica Media.
Recoletos to divest media assets in Spain
- June 1, 2005
-
Editorial Staff @portada_online
Editorial Staff @portada_online
Portada’s mission is to help business and marketing professionals understand and reach consumers in the U.S. and Latin America. Our team members are based in New York City, Los Angeles, Miami, Mexico City, and Buenos Aires, Argentina. Credibility is our biggest asset: The Portada team is passionate about producing high-quality, independent content that helps drive forward Business and Marketing throughout the Americas.
The Latest
- Blue Diamond Growers, Bosch, Hyundai, Levi’s…
- New Survey Finds Chatbots Are Still Falling Short of Consumer Expectations
- Portada Live CDMX: Unilever, Anheuser-Busch, Lululemon, 3M, The Coca Cola Company Join
- 73% of Consumers Believe AI can have a Positive Impact on their Customer Experience
- Amazon Falls to H-E-B after Two Years as Top U.S Grocery Retailer, dunnhumby Retailer Preference Index Concludes
Partner News
- John Deere Compact Tractor Dealers Ranked First for Responding to Website Customers, Industry Survey Shows
- “Baraye” by Shervin Hajipour Honored With First-Ever Best Song For Social Change Special Merit Award
- Folloze Receives Top Honors in ABM Category from TrustRadius Underscoring its Unparalleled No-code Buyer Experience Solution for Marketers
- Sinclair to Report Fourth Quarter 2022 Results on February 22, 2023 at 7:30 A.M. (Eastern Time)
Boost Your Sales
Meet & Learn
|
|
U.S. |
LatAm |
2023 |
2023 |
|
Who is Moving Now
- Yahoo Receives 25% Stake in Taboola, Dollar Tree and More…
- Changing Places: Playmaker Acquires JuanFutbol, Franklin Madison, Latin2Latin Marketing …
- LMN Gets US$80 million Funding; Buys Radio Stations, MoEngage, Emigdio Rojas, Jessica Ricaurte…
- Show Heroes Group Buys smartClip Latam, TelevisaUnivision, Chemistry Cultura, Playmaker Buys Cracks…