MEXICO CITY — Grupo Televisa has purchased the 35% stake in its publishing arm owned by Laura Diez Barroso de Lavaida, aunt of conglom CEO and chairman Emilio Azcarraga.
Move leaves the Mexican web with 100% ownership of Televisa Editorial, which has 41 titles and publishes 13 million magazines across Latin America each month.
In return for the shares, Diez Barroso de Lavaida has received 173 million shares, representing a 1.9% stake in Televisa. Her new holding is estimated to be worth around $178 million.
Meanwhile, moves are afoot for Televisa to launch its own national newspaper into the crowded Mexican market some time in the next 12 months, although no official confirmation has been given.
Ramon Alberto Garza, recently named VP of Televisa Editorial and the founding editor of Reforma, a respected daily that helped revolutionize the Mexican press, is overseeing the project.