Marinhos sell 3 Globo stations

Family offering stakes in 24 more webs

RIO DE JANEIRO — The Marinho family, owners of multimedia conglom Organizacoes Globo, has sold control of three TV stations in Sao Paulo state to Brazilian entrepreneur brothers Jose and Stefano Hawilla.

The Marinhos sold 90% stakes in Alianca, Modelo and Progresso, part of the leading network TV Globo, each serving average-sized towns.

Financial terms were not disclosed. However, the sale is part of the Marinhos’ effort to raise cash for the $135 million recapitalization, announced in May, of Globo holding company Globopar, a spokeswoman said.

The Marinhos are offering stakes in another 24 TV stations countrywide. Jose Hawilla is the controller of Traffic, South America’s largest sports marketing company.

U.S. investment fund Hicks, Muse, Tate & Furst used to be Hawilla’s partner in Traffic, but sold its stake to him last year. Traffic manages the sports programming of TV Record, Brazil’s third largest net. But Hawilla has no plans to change the stations’ affiliation.

“The stations will continue being part of TV Globo’s network,” a spokesman for Traffic said.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More TV News from Variety

Loading