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.

More TV

  • Loveless Movie Wild Bunch

    Once-Powerful Indie Player Wild Bunch Seeks a White Knight

    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 […]

  • Guillaume de Posch Exiting RTL, Bert

    Guillaume de Posch Stepping Down as RTL Co-CEO; Bert Habets to Lead European TV Giant

    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 […]

  • Netflix placeholder

    Netflix Fires Executive Over Danny Masterson Comment

    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 […]

  • SMILF Master of None Dirks Gently

    Fresh Voices in TV Who Broke Out in 2017

    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 […]

  • The Good Fight

    TV News Roundup: 'The Good Fight' Sets Season 2 Premiere Date on CBS All Access

    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 […]

  • Morning Joe MSNBC Joe Scarborough

    Cable News Ratings: MSNBC Posts Biggest Percentage Gains of 2017, Fox News Stays on Top

    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 […]

  • SATURDAY NIGHT LIVE: WEEKEND UPDATE --

    'SNL' Names Michael Che, Colin Jost Co-Head Writers

    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 […]

More From Our Brands

Access exclusive content