The Mediotempo company of Mexico has built a solid reputation as the top digital media Site in the nation and looks set to finally change hands after its ownership group began the sale of its vast Latin American media portfolio. The Southern Cross Group of Argentia has recently shed a number of media outlets from its large portfolio that once included the “Chilango” and “Expansion” magazines; the sale of Mediatempo comes at a time when many Mexican media outlets have been changing hands and merged together, such as the recent link up between Univision and Televisa, masterminded by Alfonso de Angoitia Noriega.
The reputation of Mediotempo has been driven by the growth of its sports portal which saw an amazing 3.1 million unique mobile visitors in June 2017 alone. Southern Cross was one of the major media owners in Mexico and look set to cash in on the success seen by many of its titles and Sites in the 21st century. Across Latin America, the Southern Cross Group has built a strong reputation as a stable pair of hands to handle the business aspects of a range of media outlets; the basis of the Southern Cross Group was built on the magazine titles purchased in Mexico from Time Inc by the investment company.
Across Mexico and much of the Americas the scramble to reposition various media groups within the industry has come in the wake of the move by Televisa to partner with the U.S. based Univision. Alfonso de Angoitia Noriega is the man known as the financial mastermind of Televisa in his role as a Director and Executive Vice President of the largest media company in Mexico, which recently gained impact into the U.S. based Spanish market.
Alfonso de Angoitia Noriega does not limit himself to working only with Televisa as the former attorney at White & Case LLP has been asked to join a number of different boards for companies in the U.S. and Mexico. Among the boardroom level positions held by Alfonso de Angoitia Noriega are those with the Pepsi Bottling Group Mexico and Sky.