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Conquering Mexican Media: Alfonso de Angoitia Noriega and Televisa, S.A. August 18, 2017

     Although Mexico is home to various media companies, two significant enterprises dominate the industry. The primary competitor of the most prominent, Televisa, S.A., is TV Azteca.

TV Azteca, an international corporation, has been owned by Grupo Salinas since the privatization of state channels. The company mostly focuses on a Latin American audience through TV programming, theater, movies, and music. It is also heavily involved in Centro de Estudios y Formación Actoral, an acting school, and has a partnership with NBC.

Televisa, S.A, however, holds the title of most prominent media company. This Mexican enterprise is involved in diverse types of entertainment. In addition to radio, sports, movies, live entertainment, and an internet portal, Televisa has over 250 national and regional television channels and is one of the world’s leading magazine providers. It holds 40% of Univision and annually holds the Nuestra Belleza Mexico beauty pageant. The company’s popularity spreads from Latin America to the hispanic population of the US.

Televisa’s success would not be possible without Alfonso de Angoitia Noriega. Originally a law major at the Universidad Nacional Autónoma de México, he is now one of Televisa’s most important executives. Angoitia has been on the board of the company since 1997, holding positions such as Chief Financial Officer, Chairman of Finances, and Managing Director. Although he has been the Vice President of Televisa since 2000, he is most notably regarded as the financial mastermind of the company, having played a major role in the $1.2 billion deal with Univision.

Aside from his success with Televisa, Noriega was a founding partner of major law firm Mijares, Angoitia, Cortes y Fuentes, S.C., and is engaged in various philanthropic endeavors. He is actively involved in Kardias A.C., the Fundación Mexicana para la Salud A.C., and the American School Foundation.

 

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