SPANISH LANGUAGE MEDIA SHAKEUP

Announcement
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Latinos are very surprised after dozens have been reportedly fired from the nation's largest Spanish language newspaper company. For years, El Diario, La Prensa has been known as The Champion of Hispanics, but the oldest Spanish-language daily newspaper in the United States has seen plenty of unrest and today, the parent company ImpreMedia has fired dozens in NY and La Opinion its LA newspaper, according to informed sources.

The Newspaper Guild of New York filed an unfair labor practice charge against ImpreMedia, the paper's parent company, over their loyalty to the union.

City Island Images reached out to Newspaper Guild officials, but they have failed to comment.

El Diario, La Prensa, over 100 years old, is a news outlet in sore need of recovery. The tabloid's newspaper's circulation has been declining for years. Argentinian paper La Nación bought a majority stake in El Diario's and La Opinion's parent company, ImpreMedia, in 2012.

impreMedia delivers news and information content to U.S. Hispanic audience and is among some of the most respected and trusted online brands.

Meanwhile, Univision TV, one of the world's largest Spanish language networks has reportedly held preliminary talks with CBS and with Time Warner for a possible surprise sale.

The leading Spanish broadcaster seeks $ 20 billion dollars, well above the amount paid by the current owners, an investment group led by Haim Saban. Mr.Saban is a television and movie producer who paid $ 13.700 million for Univision seven years ago.

These negotiations involve a surprise in the media market for media, because it was expected that Univision would be totally acquired by Mexico's Grupo Televisa, which already owns a minority share of the company and also produces most programming like telenovelas prime-time schedule of Univision.

http://www.impremedia.com/

http://www.univision.com/