Mexican radio conglomerate Grupo Acir has told Televisa that it would not be interested in purchasing its radio chain Radiopolis, for which the television giant is asking at least US$170 million.
José Antonio Ibarra Fariña, director of Acir’s radio division, declared that the amount requested by Televisa is extremely high given a scenario where government advertising is expected to collapse by up to 50% due to the incoming government’s cut-back policies.
The Televisa-ACIR merger was first attempted in 2000, when Grupo Televisa and US-based Clear Channel Communications Inc. tried to buy half of Acir for US$101 million in order to merge it with Radiópolis, but the operation was stopped by the then Federal Competition Commission. The ACIR / Televisa Radio combination would have the potential to create the second largest chain in the country, with 270 stations, and adding 11 frequencies in Mexico City.
Full Content: La Politica Online
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