One of Mexico’s most competitive media firms is the Grupo Televisa, S.A. It dominates all other media firms through its investments and coverage. The media firm, like all other Mexican media firms, communicates mainly in Spanish. Its competition is mostly intrinsic even though ideally, media firms are supposed to exist in close competition for the sake of impartiality and independence. Grupo Televisa, S.A. dominates other media firms regarding viewership because of its impeccable reputation for professionalism, consistency, aggressive coverage and entertainment. The majority of Mexicans prefer the media firm to any other for daily news updates.
Grupo Televisa, S.A. enjoys a reach of over 90 percent of all the people of Mexico and is followed loyally by over 70 percent of the total Mexican viewership. The reach is mainly attributed to Grupo Televisa, S.A.’s overreaching presence. It owns over 225 television stations which are broadcasted by four networks which are all owned by the company. Apart from television stations, the media firm also owns a publishing arm which coincidentally, happens to be the biggest Spanish-language publishing firm in the world. Therefore, other than just treating its viewership to over 50,000 hours of telenovelas annually, its Editorial Televisa serves Spanish readers across all of America.
The firm is reportedly as successful as it is because of the concerted efforts of the board and particularly the indispensable advice that the company’s Executive Vice President has been giving to the firm’s founder. Mr. Alfonso de Angoitia Noriega has been a member of the Televisa Board since 1997. He was installed as the company’s chairperson of its finance committee back in 2009.
Alfonso de Angoitia Noriega was just a corporate expert working for the White & Case LLP before he joined Televisa. He had also been a founding partner of the Mijares, a successful Mexican law firm. He had been such a good attorney that he won his law firm a client as big as the CEO of the Grupo Televisa, Emilio Azcárraga.
Mr. Emilio Azcárraga was shrewd enough to convince Angoitia to work for the media giants. Once on board, Mr. Angoitica went on to display his financial prowess by piecing up a 1.2 billion dollar deal that saw Univision and Televisa unite for profit and growth.