El Financiero Explained

El Financiero
Type:Daily newspaper
Owners:Grupo Multimedia Lauman, S.A.P.I. de C.V.
Founder:Rogelio Cárdenas Sarmiento
Language:Spanish
Circulation:91,230 (2021)[1]
Issn:2007-7262

Spanish; Castilian: El Financiero (pronounced as /es/, "The Financial") is a Mexican national daily newspaper covering business and the financial markets. It is owned by Grupo Multimedia Lauman, S.A.P.I. de C.V. and has offices in the Miguel Hidalgo borough of Mexico City.

History

Spanish; Castilian: El Financiero began publication on October 15, 1981. It was founded by Rogelio Cárdenas Sarmiento, whose father, Rogelio Cárdenas Pérez Redondo, had also worked in the newspaper business for Últimas Noticias and Excélsior, and originally had a staff of 35.[2] It was the country's first daily financial newspaper.[3] Considered one of just two truly independent dailies in Mexico City in the late 1980s and early 1990s (alongside La Jornada), in the 1988 Mexican general election, it uncovered fraud in the general election and was subject to advertising boycotts by the administration of Carlos Salinas de Gortari; in addition to losing all its advertising from state-owned banks, the newspaper was barred for several years from having a reporter on the presidential press plane, as the administration did not like its reporting on foreign debt negotiations.[4] At one time, French business magazine L'Expansion rated Spanish; Castilian: El Financiero the world's fifth-best financial newspaper.[5] By the time of Cárdenas's death of cancer in 2003, the newspaper had a circulation of 140,000 during the week and a staff of 1,200.[6] At that time, his son, Rogelio Cárdenas Estandía, and his widow, María del Pilar Estandía González Luna, took control of the business.[7]

In 2012, the Cárdenas family, having struggled to improve the publication's finances in the years after Rogelio Cárdenas's death,[8] sold Spanish; Castilian: El Financiero to Grupo Multimedia Lauman, controlled by Manuel Arroyo, who also owns the audiovisual production business Comtelsat.[9] The sale price was reported as US$5 million.[10] The next year, the newspaper partnered with Bloomberg L.P. to launch a new business news TV channel in Mexico and Central America.[11] Grupo Lauman then purchased the Mexican operation of Fox Sports in 2021.[12]

See also

Notes and References

  1. Web site: Circulación. Agencia CGM. Padrón Nacional de Medios Impresos, Secretariat of the Interior. 2021. es. 2022-07-20. 2022-07-20. https://web.archive.org/web/20220720191510/https://pnmi.segob.gob.mx/descargas/circulacion_archivo/2823. live.
  2. News: Fundador de diario El Financiero fallece víctima de cáncer. Associated Press. es. Founder of newspaper El Financiero dies of cancer. July 24, 2003. Laredo Morning Times. July 20, 2022. July 20, 2022. https://web.archive.org/web/20220720191512/https://www.lmtonline.com/lmtenespanol/article/Fundador-de-diario-El-Financiero-fallece-v-ctima-10389313.php. live.
  3. News: DIARIO EJECUTIVO: Préstamos a El Financiero o a banco. Roberto. Fuentes Vivar. September 11, 2020. EXECUTIVE Diary: Loans to El Financiero or to bank. es. Al Momento. July 20, 2022. July 20, 2022. https://web.archive.org/web/20220720191515/https://almomento.mx/diario-ejecutivo-prestamos-a-el-financiero-o-a-banco/. live.
  4. News: Media: Mexico Press Is Still Far From Free. October 22, 1991. H/4. Marjorie. Miller. The Los Angeles Times. Los Angeles, California. Newspapers.com. July 20, 2022.
  5. News: El Universal. Notimex. Muere el director general de El Financiero. El Financiero director general dies. July 25, 2003. es. July 20, 2022. July 1, 2018. https://web.archive.org/web/20180701052124/http://archivo.eluniversal.com.mx/notas/159900.html. live.
  6. News: Murió Rogelio Cárdenas Sarmiento, director y fundador de El Financiero. La Jornada. Rogelio Cárdenas Sarmiento, director and founder of El Financiero, dies. July 24, 2003. July 20, 2022. November 1, 2018. https://web.archive.org/web/20181101104859/http://www.jornada.com.mx/2003/07/26/017n3pol.php?printver=1&fly=. live.
  7. News: https://web.archive.org/web/20200702210809/https://www.dineroenimagen.com/2012-11-16/11088. Venden a diario especializado, El Financiero. July 2, 2020. November 16, 2012. Dinero en Imagen. Specialty newspaper El Financiero sold. es. dead.
  8. News: Deuda fiscal hizo insalvable a El Financiero: Cárdenas. November 18, 2012. SE. Monitor Económico de Baja California. Fiscal debt made El Financiero impossible to save: Cárdenas. es. July 20, 2022. July 20, 2022. https://web.archive.org/web/20220720191529/https://monitoreconomico.org/noticias/2012/nov/18/deuda-fiscal-hizo-insalvable-el-financiero-cardenas/. live.
  9. News: Se concreta venta de El Financiero. El Financiero sale firmed up. es. Expansión. November 16, 2012. July 20, 2022. July 20, 2022. https://web.archive.org/web/20220720191513/https://expansion.mx/economia/2012/11/16/se-concreta-venta-de-el-financiero. live.
  10. News: El diario "El Financiero" pasa a manos de Comtelsat. November 16, 2012. Proceso. es. The newspaper "El Financiero" sold to Comtelsat. July 20, 2022. July 20, 2022. https://web.archive.org/web/20220720191532/https://www.proceso.com.mx/nacional/2012/11/16/el-diario-el-financiero-pasa-manos-de-comtelsat-110901.html. live.
  11. Bloomberg and El Financiero to Launch Spanish-Language HD Channel in Mexico and Central America. March 20, 2013. Business Wire. July 20, 2022. July 20, 2022. https://web.archive.org/web/20220720191514/https://www.businesswire.com/news/home/20130320005424/en/Bloomberg-and-El-Financiero-to-Launch-Spanish-Language-HD-Channel-in-Mexico-and-Central-America. live.
  12. News: IFT aprueba a Grupo Lauman la compra de Fox Sports. El Financiero. Grupo Lauman approved by IFT to buy Fox Sports. June 9, 2021. es. July 20, 2022. November 7, 2021. https://web.archive.org/web/20211107231322/https://www.elfinanciero.com.mx/empresas/2021/06/08/ift-aprueba-a-grupo-lauman-la-compra-de-fox-sports/. live.

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