Word: azcarraga
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Dates: during 1990-1999
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DIED. EMILIO AZCARRAGA MILMO, 66, aggressive Mexican broadcasting magnate who built the $1.5 billion Televisa radio, TV, publishing and music conglomerate into the Spanish-speaking world's largest media empire; of cancer; in Miami. Known as "El Tigre," he dominated Mexican television news for decades, steering coverage to support the longtime governing party...
Like a brash rookie slugger who can't handle big-league curves, the National sports daily struck out last week. The flashy tabloid, owned by Mexican media mogul Emilio Azcarraga Milmo, never really connected with readers and advertisers, and it lost $100 million in just 17 months of publication. Its problems were compounded by "an economic climate that was getting worse and worse," said editor and publisher Frank Deford. Declaring WE HAD A BALL on its final front page, the first U.S. daily devoted entirely to sports printed its final edition last Thursday...
...copy in an effort to reduce its losses. "The National was founded in the belief that it could feed off the soaring interest in sports," said John Morton, a newspaper analyst in Washington. But local newspapers, all-sports TV channels and other media already saturate sports events, Morton said. Azcarraga, whose holdings include Televisa, Mexico's largest private TV network, will now focus on expanding its Spanish- language programming...
...Mexico's President Carlos Salinas de Gortari made sure all the stops were pulled out for this exhibit. The country's biggest media mogul, Emilio Azcarraga, put up the money. An unprecedented tonnage of basalt, clay, obsidian, jade, gilt, inlaid wood and painted canvas has been moved out of Mexican churches, museums and private collections -- sometimes over protests by local communities that resent having their saints or gods borrowed by the government. On view are 365 objects, starting in l000 B.C. with a five-ton stone Olmec head and finishing in 1949 with Frida Kahlo's The Love-Embrace...
...National is financed by Mexican media tycoon Emilio Azcarraga Milmo, who dominates his country's TV production. He also counts a pro soccer team among an estimated $1 billion in holdings. The new daily's publisher, Peter Price, erstwhile publisher of the New York Post, says the start-up cost $25 million and predicts losses of only $100 million more during the expansion. Price says the paper should break even, at a circulation of 750,000 a day, within two years. USA Today president Tom Curley is skeptical. Says he: "$100 million doesn't square with our experience...