You will be redirected back to your article in seconds

Telfonica Media taps Rios as prexy

Former GLA CEO to o'see Spanish telco

MADRID — Respected TV vet Jose Antonio Rios, the former CEO of Latin American satcaster Galaxy Latin America (GLA), will replace Arturo Baldesano as president of Telefonica Media on Oct. 1.

Rios joined Spanish telco giant Telefonica in May, taking up an interim appointment as prexy of a newly formed Telefonica unit, Telefonica Media Internacional y de Contenidos.

Consolidated effort

Under Rios, Telefonica Media (which may adopt a different brand name) will group all of Telefonica’s powerful film and TV interests in Spain and Latin America.

In Spain these assets include stakes in Spanish satcaster Via Digital, top film producer/distrib Lolafilms and free-to-air commercial net Antena 3 TV. In Argentina, Telefonica co-owns cable operator Cablevision and top broadcasters Telefe and Azul Television.

Telefonica wields huge clout: Profits for the Telefonica group as a whole rose 73% in the first half of 1999 to $1 billion. In May it claimed a $650 million budget for film and TV investment in Latin America.

Dual hurdles

The challenges facing Rios include how to create true synergies in the new company and how to resolve whether Telefonica Media will continue its TV and telco partnership in Latin America with U.S. investor Hicks, Muse, Tate & Furst.

Telefonica Media will be officially presented at October’s Mipcom TV market. Stock in part of the restructured company will be offered on Spain’s stock exchange in the first half of 2000, Telefonica prexy Juan Villalonga announced in July.

More Biz

  • David Glasser Fired by the Weinstein

    Weinstein Co. Board Fires COO David Glasser for Cause

    MADRID — Respected TV vet Jose Antonio Rios, the former CEO of Latin American satcaster Galaxy Latin America (GLA), will replace Arturo Baldesano as president of Telefonica Media on Oct. 1. Rios joined Spanish telco giant Telefonica in May, taking up an interim appointment as prexy of a newly formed Telefonica unit, Telefonica Media Internacional […]

  • Rules Don't Apply review

    Warren Beatty Sought Wider 'Rules Don't Apply' Release Despite Grim Test Screenings

    MADRID — Respected TV vet Jose Antonio Rios, the former CEO of Latin American satcaster Galaxy Latin America (GLA), will replace Arturo Baldesano as president of Telefonica Media on Oct. 1. Rios joined Spanish telco giant Telefonica in May, taking up an interim appointment as prexy of a newly formed Telefonica unit, Telefonica Media Internacional […]

  • Oh Seok-geun Korean Film Council

    New Leader Promises Reforms at Korean Film Council

    MADRID — Respected TV vet Jose Antonio Rios, the former CEO of Latin American satcaster Galaxy Latin America (GLA), will replace Arturo Baldesano as president of Telefonica Media on Oct. 1. Rios joined Spanish telco giant Telefonica in May, taking up an interim appointment as prexy of a newly formed Telefonica unit, Telefonica Media Internacional […]

  • SOUTH KOREA OUTMandatory Credit: Photo by

    Actress Choi Hee-seo Looks Forward to a Promising Career

    MADRID — Respected TV vet Jose Antonio Rios, the former CEO of Latin American satcaster Galaxy Latin America (GLA), will replace Arturo Baldesano as president of Telefonica Media on Oct. 1. Rios joined Spanish telco giant Telefonica in May, taking up an interim appointment as prexy of a newly formed Telefonica unit, Telefonica Media Internacional […]

  • The Prison Korean Cinema

    Korea's Box Office Faces a Drop in Admissions as Streaming Services Compete

    MADRID — Respected TV vet Jose Antonio Rios, the former CEO of Latin American satcaster Galaxy Latin America (GLA), will replace Arturo Baldesano as president of Telefonica Media on Oct. 1. Rios joined Spanish telco giant Telefonica in May, taking up an interim appointment as prexy of a newly formed Telefonica unit, Telefonica Media Internacional […]

  • Andy Lo Hong Kong Writer Director

    Ambitious Filmmaker Andy Lo Wants Success in Both Hong Kong and China

    MADRID — Respected TV vet Jose Antonio Rios, the former CEO of Latin American satcaster Galaxy Latin America (GLA), will replace Arturo Baldesano as president of Telefonica Media on Oct. 1. Rios joined Spanish telco giant Telefonica in May, taking up an interim appointment as prexy of a newly formed Telefonica unit, Telefonica Media Internacional […]

  • Tomorrow Is Another Day Hong Kong

    Hong Kong Films Face Challenges in Mainland China

    MADRID — Respected TV vet Jose Antonio Rios, the former CEO of Latin American satcaster Galaxy Latin America (GLA), will replace Arturo Baldesano as president of Telefonica Media on Oct. 1. Rios joined Spanish telco giant Telefonica in May, taking up an interim appointment as prexy of a newly formed Telefonica unit, Telefonica Media Internacional […]

More From Our Brands

Access exclusive content