El Financiero

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This article is about the Mexican daily newspaper. For El Financiero, a financial newspaper in Costa Rica, see La Nación (San José).

El Financiero
TypeDaily newspaper
Owner(s)Grupo Multimedia Lauman, S.A.P.I. de C.V.
Founder(s)Rogelio Cárdenas Sarmiento
FoundedDecember 15, 1981; 42 years ago (1981-12-15)
LanguageSpanish
Circulation91,230 (2021)[1]
ISSN2007-7262
Websiteelfinanciero.com.mx

El Financiero ([el finanˈsjeɾo], "The Financial") is a Mexican national daily newspaper covering business and the financial markets. It is owned by Grupo Multimedia Lauman, S.A.P.I. de C.V. and has offices in the Miguel Hidalgo borough of Mexico City.

History[edit]

El Financiero began publication on October 15, 1981. It was founded by Rogelio Cárdenas Sarmiento, whose father, Rogelio Cárdenas Pérez Redondo, had also worked in the newspaper business for Últimas Noticias and Excélsior, and originally had a staff of 35.[2] It was the country's first daily financial newspaper.[3] Considered one of just two truly independent dailies in Mexico City in the late 1980s and early 1990s (alongside La Jornada), in the 1988 Mexican general election, it uncovered fraud in the general election and was subject to advertising boycotts by the administration of Carlos Salinas de Gortari;[3] in addition to losing all its advertising from state-owned banks, the newspaper was barred for several years from having a reporter on the presidential press plane, as the administration did not like its reporting on foreign debt negotiations.[4] At one time, French business magazine L'Expansion rated El Financiero the world's fifth-best financial newspaper.[5] By the time of Cárdenas's death of cancer in 2003, the newspaper had a circulation of 140,000 during the week and a staff of 1,200.[6] At that time, his son, Rogelio Cárdenas Estandía, and his widow, María del Pilar Estandía González Luna, took control of the business.[7]

In 2012, the Cárdenas family, having struggled to improve the publication's finances in the years after Rogelio Cárdenas's death,[8] sold El Financiero to Grupo Multimedia Lauman, controlled by Manuel Arroyo, who also owns the audiovisual production business Comtelsat.[9] The sale price was reported as US$5 million.[10] The next year, the newspaper partnered with Bloomberg L.P. to launch a new business news TV channel in Central America.[11] Grupo Lauman then purchased the Mexican operation of Fox Sports in 2021.[12]

See also[edit]

References[edit]

  1. ^ Agencia CGM (2021). "Circulación" (in Spanish). Padrón Nacional de Medios Impresos, Secretariat of the Interior. Archived from the original on July 20, 2022. Retrieved July 20, 2022.
  2. ^ "Fundador de diario El Financiero fallece víctima de cáncer" [Founder of newspaper El Financiero dies of cancer]. Laredo Morning Times (in Spanish). Associated Press. July 24, 2003. Archived from the original on July 20, 2022. Retrieved July 20, 2022.
  3. ^ a b Fuentes Vivar, Roberto (September 11, 2020). "DIARIO EJECUTIVO: Préstamos a El Financiero o a banco" [EXECUTIVE Diary: Loans to El Financiero or to bank]. Al Momento (in Spanish). Archived from the original on July 20, 2022. Retrieved July 20, 2022.
  4. ^ Miller, Marjorie (October 22, 1991). "Media: Mexico Press Is Still Far From Free". The Los Angeles Times. Los Angeles, California. p. H/4. Retrieved July 20, 2022 – via Newspapers.com.
  5. ^ "Muere el director general de El Financiero" [El Financiero director general dies]. El Universal (in Spanish). Notimex. July 25, 2003. Archived from the original on July 1, 2018. Retrieved July 20, 2022.
  6. ^ "Murió Rogelio Cárdenas Sarmiento, director y fundador de El Financiero" [Rogelio Cárdenas Sarmiento, director and founder of El Financiero, dies]. La Jornada. July 24, 2003. Archived from the original on November 1, 2018. Retrieved July 20, 2022.
  7. ^ "Venden a diario especializado, El Financiero" [Specialty newspaper El Financiero sold]. Dinero en Imagen (in Spanish). November 16, 2012. Archived from the original on July 2, 2020.
  8. ^ "Deuda fiscal hizo insalvable a El Financiero: Cárdenas" [Fiscal debt made El Financiero impossible to save: Cárdenas]. Monitor Económico de Baja California (in Spanish). SE. November 18, 2012. Archived from the original on July 20, 2022. Retrieved July 20, 2022.
  9. ^ "Se concreta venta de El Financiero" [El Financiero sale firmed up]. Expansión (in Spanish). November 16, 2012. Archived from the original on July 20, 2022. Retrieved July 20, 2022.
  10. ^ "El diario "El Financiero" pasa a manos de Comtelsat" [The newspaper "El Financiero" sold to Comtelsat]. Proceso (in Spanish). November 16, 2012. Archived from the original on July 20, 2022. Retrieved July 20, 2022.
  11. ^ "Bloomberg and El Financiero to Launch Spanish-Language HD Channel in Mexico and Central America" (Press release). Business Wire. March 20, 2013. Archived from the original on July 20, 2022. Retrieved July 20, 2022.
  12. ^ "IFT aprueba a Grupo Lauman la compra de Fox Sports" [Grupo Lauman approved by IFT to buy Fox Sports]. El Financiero (in Spanish). June 9, 2021. Archived from the original on November 7, 2021. Retrieved July 20, 2022.
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