Word: milmoe
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Counting revenues of some $3.5 billion a year, Televisa is headed by Emilio Azcarraga Jean, 40, who inherited the empire from his father Emilio Azcarraga Milmo, who was known as "El Tigre" because of his white-streaked hair and fierce character. The network catapulted onto the world stage by exporting its steamy telenovelas, which have been translated into more than 50 languages from Korean to Romanian. Critics lambasted the network for giving uncritical support to the government during decades of one-party rule. However, since the advent of multiparty democracy in 2000, Televisa has given fairly equal airtime to competing...
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...
...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...
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