Radiópolis

Radiópolis (incorporated as Sistemas Radiópolis, S.A. de C.V.) is a Mexican radio broadcast company that owns AM and FM radio stations in Mexico and syndicates music and talk formats. It is the former radio division of Televisa, which spun its stake off to Corporativo Coral, S.A. de C.V., in 2020 to focus on its core television and telecommunications businesses. Since 2001, Radiópolis has been a joint venture with Spanish media conglomerate Grupo PRISA.

History

Radiópolis got its start with the establishment of each of the Mexico City stations in the 1930s and 1940s. XEW-AM, founded by Emilio Azcárraga Vidaurreta, came on air September 18, 1930 and immediately became the country's most important broadcaster. XEQ-AM was established eight years later, and in 1947, XEX-AM joined the stable. Several repeaters of XEW were built in the late 1940s and early 1950s,[1]:54 including XEWK-AM in Guadalajara, two XEWA-AM stations in Monterrey and San Luis Potosí, and XEWB-AM in Veracruz. In 1975, Grupo Radiópolis was officially formed, including XEW, XEQ and XEX as well as their FM counterparts.

1992 saw the acquisition of the former Radio Comerciales de Jalisco stations in Guadalajara owned by Francisco Javier Díaz Romo, including XEBA-AM-FM, XEHL-AM-FM, XELT-AM and XEZZ-AM. These were the first Radiópolis stations outside of Mexico City,[2]:97 excluding the repeaters which no longer rebroadcast XEW. The group also expanded into Mexicali with XHMOE-FM.

The 1990s saw several notable leaders head up Radiópolis. The first, journalist Ricardo Rocha, had been tapped in 1995 to revive the radio station division but was seen to be using Radiópolis as a "trampoline" into the television industry. After he left for Grupo ACIR in 1998, Eugenio Bernal took his place. Bernal renamed Radiópolis to Televisa Radio and reorganized XEW-AM and XEQ-AM into two similar "networks", the Cadena Azul y Plata (with a more traditional format) and Cadena Verde y Oro (focusing on a male audience).[3]

In May 2000, Televisa attempted to buy Grupo Radio Centro, a major competitor in the Mexico City radio market and the country's leading radio broadcaster.[4] The two announced an agreement in principle for a merger. The Federal Competition Commission recommended that Televisa sell some stations,[5] and ultimately, three months after the announcement, talks ended, in a surprise to markets. Analysts suggested regulatory hurdles, dissent within the Aguirre family which owned Radio Centro, and a dispute over GRC's valuation as reasons for the sale falling apart.[6] Another roadblock was that newscaster José Gutiérrez Vivó, who hosted the Monitor newscasts on Radio Red, refused to work with Televisa.[7]

With its bid to buy GRC frustrated, Televisa next targeted another of its main rivals, Grupo ACIR, which at the time was Mexico's largest owner and operator of radio stations.[8] In September 2000, Televisa announced it had spent $101 million to purchase 27.82 percent of the company and combine its operations with Radiópolis to form Grupo ACIR-Radiópolis, which would have controlled 116 stations serving 95 percent of the country.[9] Three months later, however, the Federal Competition Commission unanimously denied the bid, saying that the combination of ACIR-Radiópolis with the nation's dominant television broadcaster would have given Televisa an unfair advantage in securing advertisers.[10] The antitrust authority cited that ACIR-Radiópolis would have controlled 174 stations—12.44 percent of the national total.[2]:112

With both of its bids to acquire another broadcaster thwarted, Televisa turned to Grupo PRISA of Spain. In October 2001, PRISA bought half of Sistema Radiópolis, a $50 million investment for the company.[11] PRISA put its expertise in radio, as owner of the successful Cadena SER, to work. In 2002, XEW was relaunched as "W Radio" and XEX-FM flipped from a pop format known as Vox FM to PRISA's Los 40 Principales format, which entered Mexico for the first time. Televisa Radio, in turn, signed a deal with Radiorama in order to syndicate the W Radio and Los 40 Principales formats along with its own Ke Buena grupera concept across the country. Other local and regional broadcasters, including Radio Núcleo of Chiapas and Grupo Chávez Radio in Sinaloa, carry Ke Buena and Los 40 formats on some of their stations.

In 2007, Televisa considered cutting ties with PRISA due to stagnant sales revenue.[12]

Televisa Radio added two stations and sold two in 2017 and 2018. The IFT-4 radio auction saw Televisa victorious in Puerto Vallarta, where it launched XHPTOJ-FM in May 2019, and Ensenada, where it holds the concession for XHPSEN-FM 96.9. However, Televisa also sold two stations, XEBA-AM[13] and XEHL-AM,[14] to TV Zac, S.A. de C.V.

On July 17, 2019, Televisa announced the sale of its 50 percent share in Sistemas Radiópolis, S.A. de C.V., to companies controlled by Miguel Alemán Magnani, owner of the Interjet airline.[15] Televisa had previously announced its plans to sell its stake, citing a desire to divest non-core business assets and focus on its television and telecommunications businesses. The Federal Telecommunications Institute approved the sale in August.[16] However, the deal collapsed on September 30, 2019, due to an inability to secure credit.[17] After a court ordered Coral to pay Televisa,[18] the deal was renewed, and the acquisition was completed on July 2, 2020.[19]

Stations and formats

Radiópolis primarily syndicates the Ke Buena grupera format and Los 40, PRISA's pop format, which was introduced in Mexico when PRISA bought half of Televisa Radio. In 2015, including its 17 owned-and-operated stations, it had 98 affiliates reaching 28 of Mexico's 32 states.[20]:62 It also syndicates W Radio, a talk format still featured on XEW-AM/FM, to a smaller stable of stations. The remaining AM stations generally carry other formats, ranging from sports to Catholic radio.

List of stations owned by Radiópolis

Radiópolis holds the concessions for the following 17 stations:[20]:61

Mexico City

Guadalajara

Monterrey

Interior Mexico

References
  1. Edgar Rogelio Ramírez Solís, "La Cultura Tiene Permiso: XEJB y la Política Cultural del Estado de Jalisco, 1941-1992", ITESO thesis, 1993
  2. Alán René Coronado Ponce, "La radiodifusión familiar en México y su inserción en la dinámica de concentración de medios: un estudio de caso en Guadalajara", UDG thesis, 2004
  3. D'Olvera, Claudia (2000-09-22). "En el Aire: La joven ACIR W". Reforma.
  4. Watling, John (1999-08-15). "Radio Centro airs stock delisting". Hollywood Reporter.
  5. Osterroth, María (2000-07-28). "Sugieren vender estaciones". Reforma.
  6. Watling, John (2000-08-10). "Televisa-Radio Centro off air". Hollywood Reporter.
  7. Tricks, Henry (2000-08-10). "Televisa deal with Radio Centro collapses". Financial Times.
  8. "Antitrust Commission rules against Televisa". LatinFinance. February 2001.
  9. Watling, John (2000-09-19). "Televisa-Acir deal forms radio giant". Hollywood Reporter.
  10. Chen, I-Chun (2000-12-05). "Televisa-Acir merger tuned out". Hollywood Reporter.
  11. Lauria, Peter (2001-10-16). "Grupo Televisa, Grupo Prisa in joint venture". The Daily Deal.
  12. Aguilar, Alberto (2007-08-06). "Analiza Televisa disolver su alianza con Prisa en Radiópolis tras magros resultados en seis años". El Universal. Retrieved 2016-05-20.
  13. RPC: #029922 Concession Transfer — XEBA-AM
  14. RPC: #034085 Concession Transfer — XEHL-AM
  15. Rodríguez, Karla (2019-07-17). "Familia Alemán acuerda comprar el negocio de Televisa en la radio por un monto total de 1,448 mdp". El Financiero (in Spanish). Retrieved 2019-07-17.
  16. Martínez, Carla (2019-08-30). "IFT autoriza venta de Radiópolis a Grupo Alemán". El Universal. Retrieved 2019-08-31.
  17. Lucas, Nicolás (2019-09-30). "Se cae la venta de Radiópolis; familia Alemán no consiguió créditos para pagar a Televisa". El Economista. Retrieved 2019-09-30.
  18. Navarro, Andrea (2020-02-28). "Interjet's Aleman Is Ordered to Pay $32 Million to Televisa". Bloomberg. Retrieved 2020-07-03.
  19. "La familia Alemán concluye la compra de Radiópolis a Televisa". El Economista. 2020-07-02. Retrieved 2020-07-03.
  20. Televisa Annual Report for 2015
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.