El Financiero
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''El Financiero'' (, "The Financial") is a Mexican national daily newspaper covering business and the financial markets. It is owned by Grupo Multimedia Lauman, S.A.P.I. de C.V. and has offices in the
Miguel Hidalgo Don Miguel Gregorio Antonio Ignacio Hidalgo y Costilla y Gallaga Mandarte Villaseñor (8 May 1753  – 30 July 1811), more commonly known as Miguel Hidalgo y Costilla or Miguel Hidalgo (), was a Catholic priest, leader of the Mexican ...
borough of
Mexico City Mexico City ( es, link=no, Ciudad de México, ; abbr.: CDMX; Nahuatl: ''Altepetl Mexico'') is the capital city, capital and primate city, largest city of Mexico, and the List of North American cities by population, most populous city in North Amer ...
.


History

''El Financiero'' began publication on October 15, 1981. It was founded by Rogelio Cárdenas Sarmiento, whose father, Rogelio Cárdenas Pérez Redondo, had also worked in the newspaper business for ''Últimas Noticias'' and ''
Excélsior ''Excélsior'' is a daily newspaper in Mexico City. It is the second oldest paper in the city after '' El Universal'', printing its first issue on March 18, 1917. History ''Excélsior'' was founded by Rafael Alducin and first published in Mexic ...
'', and originally had a staff of 35. It was the country's first daily financial newspaper. Considered one of just two truly independent dailies in Mexico City in the late 1980s and early 1990s (alongside ''
La Jornada ''La Jornada'' (''The Working Day'') is one of Mexico City's leading daily newspapers. It was established in 1984 by Carlos Payán Velver. The current editor ''(directora general)'' is Carmen Lira Saade. ''La Jornada'' has presence in eight sta ...
''), in the
1988 Mexican general election General elections were held in Mexico on 6 July 1988.Dieter Nohlen (2005) ''Elections in the Americas: A data handbook, Volume I'', p453 They were the first competitive presidential elections in Mexico since the Institutional Revolutionary Par ...
, it uncovered fraud in the general election and was subject to advertising boycotts by the administration of
Carlos Salinas de Gortari Carlos Salinas de Gortari CYC DMN (; born 3 April 1948) is a Mexican economist and politician who served as 60th president of Mexico from 1988 to 1994. Affiliated with the Institutional Revolutionary Party (PRI), earlier in his career he wor ...
; in addition to losing all its advertising from state-owned banks, the newspaper was barred for several years from having a reporter on the presidential press plane, as the administration did not like its reporting on foreign debt negotiations. At one time, French business magazine ''
L'Expansion ''L'Expansion'' was a French former monthly business magazine based in Paris, France France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of overseas regions and territo ...
'' rated El Financiero the world's fifth-best financial newspaper. By the time of Cárdenas's death of cancer in 2003, the newspaper had a circulation of 140,000 during the week and a staff of 1,200. At that time, his son, Rogelio Cárdenas Estandía, and his widow, María del Pilar Estandía González Luna, took control of the business. In 2012, the Cárdenas family, having struggled to improve the publication's finances in the years after Rogelio Cárdenas's death, sold ''El Financiero'' to Grupo Multimedia Lauman, controlled by Manuel Arroyo, who also owns the audiovisual production business Comtelsat. The sale price was reported as US$5 million. The next year, the newspaper partnered with
Bloomberg L.P. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was co-founded by Michael Bloomberg in 1981, with Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 1 ...
to launch a new business news TV channel in Central America. Grupo Lauman then purchased the Mexican operation of
Fox Sports Fox Sports is the brand name for a number of sports channels, broadcast divisions, programming, and other media around the world. The ''Fox Sports'' name has since been used for other sports media assets. These assets are held mainly by the F ...
in 2021.


See also

*
List of newspapers in Mexico A ''list'' is any set of items in a row. List or lists may also refer to: People * List (surname) Organizations * List College, an undergraduate division of the Jewish Theological Seminary of America * SC Germania List, German rugby unio ...


References

{{DEFAULTSORT:Financiero, El Newspapers published in Mexico Business newspapers Spanish-language newspapers Business in Mexico Newspapers established in 1981 1981 establishments in Mexico