MercoPress. South Atlantic News Agency
Buenos Aires Herald falls in the hands of a group close to Cristina Fernandez
Cristobal Lopez’s family originally from Spain and established in Patagonia where they mounted an economic group which got involved in different activities The Indalo Media group which according to Argentine media belongs to businessman Cristobal Lopez, very close to the Kirchner family has purchased 60% of the Ambito editorial group which includes among others the financial daily Ambito, the Buenos Aires Herald and El Ciudadano from Rosario.
The takeover was confirmed by Orlando Vignatti, the previous owner of the group that now becomes partner of gambling tycoon Lopez, and who will remain as General Manager and member of the board.
Fabian de Sousa becomes the next president of the acquired group and Mariano Frutos, vice-president.
The operation apparently was closed last 13 February and the acquisition includes printing plants in Chaco, Cordoba and Rosario. The amount and/or conditions of the transaction were not disclosed.
Indalo Media already controls cable channel C5N, Radio 10; FMs Pop and Mega and the studio Ideas del Sur, among other companies.
The Indalo Group is also involved in the oil business, banking, food, construction, finance, casinos and originally started in Comodoro Rivadavia, Patagonia, where contacts with the Kirchner family became allegedly with time turned into strong business links.
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Read all commentsAnd so it begins...
Feb 19th, 2015 - 05:43 am 0Venezuela 2:0
Look what happened to the venerable El Universal...
Same thing in Vnzla....
They said that editorial independence would remain but soon the satirical cartoonists went, certain journalists were no longer welcome, hard-hitting commentors were quietly 'lost'...
Only govt-aligned business men could get access to the preferential dollar rates, certain people got very rich in a few years, other respectable business people were starved and hounded out.
Argentineans, look to Caracas to see your future.
1 ilsen
Feb 19th, 2015 - 06:26 am 0and, “The Dark Country” becomes just a little darker...
Predictable. And the transaction passes the rotting roadkill sniff test in all its stinking glory. But wait - isn't the new partner in violation of the media concentration law? No! They have a K partisan waiver, obviously. One law for you and me and another for them. LOL. Funny thing is: Their equity will ultimately be absorbed in the final self destruction of perronism in the coming local economic armagedon.
Feb 19th, 2015 - 10:22 am 0Commenting for this story is now closed.
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