Emilio Azcárraga Jean is stepping down as CEO of Televisa after 20 years, amid programming and ad revenue troubles.
Televisa announced that Azcárraga will be replaced by two men – longtime company executives Bernardo Gómez and Alfonso de Angoitia, who will take over as co-Chief Executive Officers of Televisa on January 1, 2018.
Azcárraga, who remains Televisa’s controlling shareholder, will continue to lead the media giant’s long term strategy as Executive Chairman of the Board. He will also be directly responsible for Televisa’s soccer business, including the America soccer team, as well as for Fundación Televisa.
Televisa reported revenue losses in its third-quarter results, released today hours after the announced leadership change.
You can read more on my story in Forbes.
What happened to this content programming or news to loose revenue and have its CEO step down ?
Don’t they have research on the changing folkways Mores of their audience?
The effect on this stock is it a hold or sell
Where’s Jamie Davila the political Satellite programming individual still in Televisa or running his TV station in Northean Mexico possible one of the reasons the stock in on a down ward slope_
A reply is warented * yes?
Hmm, cashing out the chips?