You will be redirected back to your article in seconds

Televisa to form radio network

Mexican co. allying with Grupo Acir, Clear Channel

MEXICO CITY — Televisa has unveiled plans to form Mexico’s largest radio network in an alliance with leading radio chain Grupo Acir and U.S. media player Clear Channel Communications.

The Mexican web will buy 28% of Acir for $101 million and merge it with its own Radiopolis network. The new chain will control nearly 200 stations and affiliates across the country.

Televisa will have 50% of the group, Acir 26%; the remainder will belong to Clear Channel, which owns 1,096 radio stations in the U.S. and has been a shareholder in Acir since the 1970s.

Televisa chairman Emilio Azcarraga said the new group hoped to broadcast in Spanish into the U.S. as well as in Latin America territories outside Mexico.

Move, subject to regulatory approval, follows an attempt by Televisa to acquire another Mexican radio chain, RadioCentro, which broke down following due diligence.

More Biz

  • This, photo shows the 21st Century

    Comcast, Disney Keep Focus on 21st Century Fox Assets Despite AT&T-Time Warner Battle

    MEXICO CITY — Televisa has unveiled plans to form Mexico’s largest radio network in an alliance with leading radio chain Grupo Acir and U.S. media player Clear Channel Communications. The Mexican web will buy 28% of Acir for $101 million and merge it with its own Radiopolis network. The new chain will control nearly 200 […]

  • Scorpion-cbs TV Show

    How Scooter Braun Turned Luck With First Series 'Scorpion' Into Prolific TV Business

    MEXICO CITY — Televisa has unveiled plans to form Mexico’s largest radio network in an alliance with leading radio chain Grupo Acir and U.S. media player Clear Channel Communications. The Mexican web will buy 28% of Acir for $101 million and merge it with its own Radiopolis network. The new chain will control nearly 200 […]

  • Peter Thiel

    Billionaire Peter Thiel Sells Majority of Facebook Stake, Pocketing $29 Million

    MEXICO CITY — Televisa has unveiled plans to form Mexico’s largest radio network in an alliance with leading radio chain Grupo Acir and U.S. media player Clear Channel Communications. The Mexican web will buy 28% of Acir for $101 million and merge it with its own Radiopolis network. The new chain will control nearly 200 […]

  • Scooter Braun Team

    Meet the Six Key Execs Who Help Scooter Braun Care for Roster of Clients

    MEXICO CITY — Televisa has unveiled plans to form Mexico’s largest radio network in an alliance with leading radio chain Grupo Acir and U.S. media player Clear Channel Communications. The Mexican web will buy 28% of Acir for $101 million and merge it with its own Radiopolis network. The new chain will control nearly 200 […]

  • New Media old media shakeup

    Murdoch Sale Talks Underscore Digital's Effect in Disrupting Hollywood

    MEXICO CITY — Televisa has unveiled plans to form Mexico’s largest radio network in an alliance with leading radio chain Grupo Acir and U.S. media player Clear Channel Communications. The Mexican web will buy 28% of Acir for $101 million and merge it with its own Radiopolis network. The new chain will control nearly 200 […]

  • John Oliver Net Neutrality

    What the Repeal of Net Neutrality Will Mean for Hollywood

    MEXICO CITY — Televisa has unveiled plans to form Mexico’s largest radio network in an alliance with leading radio chain Grupo Acir and U.S. media player Clear Channel Communications. The Mexican web will buy 28% of Acir for $101 million and merge it with its own Radiopolis network. The new chain will control nearly 200 […]

More From Our Brands

Access exclusive content