Mexican multimedia conglomerate
Television Azteca, S.A.B. de C.V.
, commonly known as
TV Azteca
, is a Mexican multimedia conglomerate owned by
Grupo Salinas
. It is the second-largest
mass media
company in
Mexico
after
Televisa
.
[1]
[2]
It primarily competes with Televisa as well as some local operators. It owns two national television networks,
Azteca Uno
and
Azteca 7
, and operates two other nationally distributed services,
adn40
and
A Mas+
. All three of these networks have transmitters in most major and minor cities.
TV Azteca also operates
Azteca Trece Internacional
, reaching 13 countries in
Central
and
South America
, and formerly part of the
Azteca America
network in the
United States
. Its flagship program is the newscast
Hechos
.
History
[
edit
]
Formation
[
edit
]
In the early 1990s, the presidency of
Carlos Salinas de Gortari
privatized many government assets. Among them was the Instituto Mexicano de la Television, known as
Imevision
, which owned two national television networks (Red Nacional 7 and Red Nacional 13) and three local TV stations. In preparation for the privatization, the Imevision stations were parceled into a variety of newly created companies, the largest of which was named Television Azteca, S.A. de C.V.
[3]
With the exception of
Canal 22
, which was spun off to
Conaculta
, one bidder won all of the stations. On July 18, 1993,
[4]
Mexico's Finance Ministry, the
Secretaria de Hacienda y Credito Publico
(SHCP), announced that Radio Televisora del Centro, a group controlled by
Ricardo Salinas Pliego
, was the winner of the auction to acquire the "state-owned media package", which also included Imevision's studios in the
Ajusco
area of Mexico City. The winning bid amounted to US$645 million. The new group soon took on the Television Azteca name for the entire operation and soon challenged Televisa, turning what had been a television monopoly into a television duopoly. The two conglomerates held 97 percent of the commercial television concessions in the country.
[5]
Expansion
[
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]
In 1998, TV Azteca announced an investment of US$25 million in
XHTVM-TV
, which was owned by Javier Moreno Valle through concessionaire Televisora del Valle de Mexico, S.A. de C.V. Under the deal, Azteca restructured TVM and took control of ad sales and most programming duties, while Moreno Valle's CNI news service retained some primetime space. However, in 2000, Moreno Valle broke the contract with Azteca, alleging Azteca of filling up time allotted to CNI and not fulfilling the obligations in the contract. In December 2002, Azteca used private security guards to retake control of the XHTVM facilities on Cerro del Chiquihuite in Mexico City. However, the Mexican government stepped into the dispute and forced Azteca to relinquish control of XHTVM. In 2005, an employee strike that crippled CNI, Moreno Valle's mounting legal troubles, and a deal with the 5% owner of the concessionaire allowed Azteca to buy the remainder of the station and retake control of XHTVM, under the name Proyecto 40, in 2006.
On March 7, 2011, TV Azteca changed its name to
Azteca
, reflecting its growth into a multimedia company.
[6]
However, in May 2016, the TV Azteca name was restored.
TV Azteca is the second largest mass media company in Mexico after Televisa.
[5]
These two big organizations control the 97% of mass media in Mexico.
[5]
TV Azteca was funded in 1993 by Ricardo Salinas Pliego. TV Azteca has 31% of the 465 television concessions in Mexico.
[5]
The auction of the state channels and the granting of further concessions to TV Azteca further strengthen their connection. It also owns Azteca banks, Azteca insurance, Iusacell, programing pay television, cinemas, live theater, news channels, newspapers, Azteca music, an acting school, Azteca consumer products, Azteca internet, Azteca series, Azteca sports, stadiums, etc. TV Azteca is another company which also serves the government however to a much lesser extent than Televisa.
[7]
TV Azteca also receives lucrative contracts from the Mexican government, and therefore the information that emits is also controlled by the actual government. The news that is normally emitted by TV Azteca is 25% news bulletins that come from advertising, and infotainment relying on celebrities and biased editorials.
[5]
On March 21, 2023, creditors for the company pushed the company into an involuntary
Chapter 11 bankruptcy
petition in the U.S.
[8]
However, on April 26, TV Azteca asked the New York bankruptcy judge to dismiss its Chapter 11 case due to it being pointless to start reorganization proceedings for the company anywhere but Mexico.
[9]
On June 1, 2023, TV Azteca was suspended from the Mexico Stock Exchange.
[10]
Sub-brands
[
edit
]
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adding to it
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(
June 2021
)
|
Azteca Noticias
[
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]
Azteca Espectaculos
[
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]
Azteca Deportes
[
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]
Azteca Novelas y Series
[
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Services
[
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]
Terrestrial networks
[
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]
- In Mexico
- Outside Mexico
Formerly owned
[
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]
- Azteca America
:
American
broadcast network with programming from TV Azteca's three television national networks in Mexico and local news. The owner,
HC2 Holdings
, continued to use the Azteca branding under license.
[11]
Ceased operations on December 31, 2022.
[12]
- KAZA-TV
used to be the flagship of Azteca America from 2001 to 2018 but was sold to
Chicago
-based
Weigel Broadcasting
, which stripped KAZA of its flagship status, and was replaced by MeTV as an O&O.
Cable
[
edit
]
Disputes and controversies
[
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]
On 5 January 2005, the
U.S. Securities and Exchange Commission
(SEC) accused TV Azteca executives (including chairman
Ricardo Salinas Pliego
) of having personally profited from a multimillion-dollar debt fraud committed by TV Azteca and another company in which they held stock.
[13]
The charges were among the first brought under the provisions of the
Sarbanes-Oxley Act
of 2002,
[13]
introduced in the wake of the
corporate financial scandals
of that year.
The
Federal Radio and Television Law
(known as the Ley Televisa) was a bill concerning the licensing and regulation of the electromagnetic spectrum. The LFRT was favorable to both TV Azteca and Televisa (who together control 95 percent of all television frequencies) because it allowed them to renew their licenses without paying for them. According to
The Economist
, the Ley Federal de Radio y Television "raced through Congress confirming the country's longstanding television duopoly" and constituted a "giveaway of radio spectrum and a provision that allows broadcasting licenses to be renewed more or less automatically".
[14]
In February 2012, TV Azteca networks (
Azteca 7
,
Azteca 13
, and
Proyecto 40
) were dropped by Mexican cable-TV carriers representing more than 4 million subscribers in a
carriage dispute
over terms. Cable operators claimed that Azteca wanted to charge a fee by packaging its over-the-air stations with cable networks, such as news and soap opera channels, which potentially represented a higher cost to subscribers.
[15]
After a nine-month absence, TV Azteca returned gradually to cable operators.
[16]
In August 2018,
American Tower
's Mexican Unit, MATC Infraestructura sued TV Azteca for $97 Million in a New York court for defaulting on a loan from the company.
[17]
Holdings
[
edit
]
TV Azteca is part of the conglomerate
Grupo Salinas
, which includes the
Grupo Elektra
franchise of department stores, the
Banco Azteca
bank, and
Seguros Azteca
life insurance. TV Azteca also owns
Liga MX
soccer club,
Monarcas Morelia
.
Acting school
[
edit
]
The network has set up an acting school, Centro de Estudios y Formacion Actoral (CEFAT). Alumni include
Iliana Fox
,
Luis Ernesto Franco
,
Adriana Louvier
,
Fran Meric
,
Barbara Mori
,
Laura Palma
and
Adrian Rubio
.
[18]
Record label
[
edit
]
The network also owns a record label, Azteca Music,
[19]
which was founded in 1996.
[20]
Logos
[
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]
-
1993-1994
-
1994-1996
-
1996-2011
-
2011-2016
-
2016-present
See also
[
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]
References
[
edit
]
- ^
"TV Azteca"
.
Grupo Salinas
.
- ^
"TV Azteca, Mexico's Second-Largest Mass Media Company, Replatforms on Brightspot"
.
Perfect Sense
. 2019-08-26
. Retrieved
2020-04-18
.
- ^
Peschard-Sverdrup, Armand B.; Rioff, Sara (2005).
Mexican Governance: From Single-party Rule to Divided Government
. CSIS. p. 281.
ISBN
978-0-89206-457-1
.
- ^
Goggin; Albarran, G.;C. (2014). "Political and mobile media landscape in Mexico: the case of #yosoy132".
Continuum: Journal of Media & Cultural Studies
.
28
: 28?42.
doi
:
10.1080/10304312.2014.870870
.
S2CID
145301961
.
{{
cite journal
}}
: CS1 maint: multiple names: authors list (
link
)
- ^
a
b
c
d
e
Mahan, E. (1985). Mexican Broadcasting: Reassessing the Industry-State Relationship. Journal of Communication, 35(1), 60-75.
- ^
TV Azteca (March 7, 2011).
"Azteca se renueva para ti ("Azteca renews for you")"
(in Spanish). Archived from
the original
on July 17, 2011
. Retrieved
March 14,
2011
.
- ^
Murphy, P. D. (1995, December). Television and cultural politics in Mexico: Some notes on Televisa, the state and transnational culture. The Howard journal of communication, pp. pp. 250-
- ^
"TV Azteca creditors push for involuntary bankruptcy -court filing"
.
Reuters
. March 21, 2023
. Retrieved
April 30,
2023
.
- ^
"Mexico Won't Recognize US Ch. 11, TV Azteca Says"
.
Law 360
. April 26, 2023
. Retrieved
April 30,
2023
.
- ^
"Mexico's stock exchange suspends TV Azteca trading for not reporting Q1 results"
.
Reuters
. 1 June 2023
. Retrieved
21 June
2023
.
- ^
TV Azteca Announces the Sale of Azteca America to HC2 Network Inc.
Archived
2018-03-20 at the
Wayback Machine
-
CNBC
(released November 29, 2017; accessed March 19, 2018)
- ^
"Azteca America will cease operations after 22 years in the US Hispanic"
.
PRODU
(in Spanish). 21 October 2022.
- ^
a
b
The New York Times > Business > Media & Advertising > Chairman of TV Azteca Is Charged With Fraud
Archived
2013-05-22 at the
Wayback Machine
, Patrick McGeehan,
New York Times
, January 5, 2005.
- ^
"Court TV"
.
The Economist
. 2007-05-31.
Archived
from the original on 2018-02-12.
- ^
"TV Azteca Loses 4 Million Cable Viewers in Price Dispute"
.
Bloomberg.com
. 14 February 2012.
Archived
from the original on 8 August 2016 – via www.bloomberg.com.
- ^
"Mexico: TV Azteca regresa a Cable - Anime, Manga y TV"
.
www.anmtvla.com
.
Archived
from the original on 2013-03-07.
- ^
"American Tower feud 'not positive' for Mexico's TV Azteca, Fitch says"
.
Reuters
. 9 August 2018 – via www.reuters.com.
- ^
"Centro de Formacion Actoral CEFAT"
.
tvazteca.com
(in Spanish)
. Retrieved
2 March
2021
.
- ^
Billboard - 25 Oct 1997 - Page 54 "The theme song of TV Azteca's new telenovela "Demasiado Corazon" was written and performed by noted salsero Willie Colon, who is signed in Mexico to Azteca's record label Azteca Music."
- ^
Florence Toussaint Alcaraz,
TV sin fronteras
- 1998 - Page 136: "Tambien en 1996, Television Azteca inicio su incursion en el negocio de los discos. Azteca Music se llama la nueva compania, que como primer titulo de su catalogo tiene Nada personal, tema de la telenovela del mismo nombre compuesto ...
External links
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edit
]
Wikimedia Commons has media related to
TV Azteca
.
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