Entrepreneur Buys La Prensa, Mexico City’s Largest Daily
MEXICO CITY (AP) _ Mexican entrepreneur Carlos Abedrop Davila announced that he and his partners will buy La Prensa, Mexico City’s largest daily newspaper, for about $90 million.
The tabloid, best known for its sensationalistic reporting and extensive sports coverage, claims a circulation of 300,000.
La Prensa was previously owned by its employees as a cooperative. The employees last week voted to become a corporation, making the sale possible.
Adedrop said Monday that his minority partners in the deal are the Spanish national newspaper El Pais and Jesus Polanco, owner of Santillana de Mexico, S.A.
Abedrop said he has no plans to change the newspaper’s editorial content or style.