Grupo Clarín
Encyclopedia
Grupo Clarín is the largest media conglomerate
of Argentina
.
newspaper (the most-widely circulated in Latin America), Papel Prensa (the nation's principal newsprint
manufacturer), the Artear media company, and numerous other media outlets.
Rooted in the successful, 1945 launch of the centrist daily, Clarín, by the late Roberto Noble
, the group is active within the publishing, newspaper, television, radio, and telecommunications industries. Its largest shareholder is Ernestina Herrera de Noble
. Other major shareholders include Héctor Magnetto
, José Antonio Aranda, Lucio Rafael Pagliaro, and the investment bank Goldman Sachs
. Magnetto is the President and CEO of the media group, while Ernestina Herrera de Noble directs the flagship Clarín newspaper.
Having become the largest newspaper distributor in the Spanish-speaking world by 1980 (when its revenues topped US$900 million and 1.1 billion), the group diversified itself significantly in 1990, when it entered into television
sector with the acquisition of Channel 13, and into radio with the purchase of Radio Mitre. Following the expansion into cable television
in 1992 (Multicanal), Todo Noticias
, the group's cable news channel, was established in 1993 and remains one of the most influential in its sector. The conglomerate also controls Patagonik Film Group
and numerous regional newspapers (notably Los Andes
of Mendoza
and La Voz del Interior
of Córdoba
).
Grupo Clarín was listed in the Buenos Aires
and London Stock Exchange
s in 2007, upon which a 20% share in the group was made available to stockholders (leaving 9% for Goldman Sachs, and 71% for its private shareholders). The group's revenues in 2009 were accounted for mainly by its cable television units (principally Cablevisión and Multicanal), which accounted for 60% of sales. Its numerous publishing interests netted 22% of the total, and rights to broadcasting, programming and digital content accounted for most of the remainder.
Media conglomerate
A media conglomerate, media group or media institution is a company that owns large numbers of companies in various mass media such as television, radio, publishing, movies, and the Internet...
of Argentina
Argentina
Argentina , officially the Argentine Republic , is the second largest country in South America by land area, after Brazil. It is constituted as a federation of 23 provinces and an autonomous city, Buenos Aires...
.
Overview
Established as such in 1999, it includes the ClarínClarín (newspaper)
Clarín is the largest newspaper in Argentina, published by the Grupo Clarín media group. It was founded by Roberto Noble on 28 August 1945. It is politically centrist but popularly understood to oppose the Kirchner government...
newspaper (the most-widely circulated in Latin America), Papel Prensa (the nation's principal newsprint
Newsprint
Newsprint is a low-cost, non-archival paper most commonly used to print newspapers, and other publications and advertising material. It usually has an off-white cast and distinctive feel. It is designed for use in printing presses that employ a long web of paper rather than individual sheets of...
manufacturer), the Artear media company, and numerous other media outlets.
Rooted in the successful, 1945 launch of the centrist daily, Clarín, by the late Roberto Noble
Roberto Noble
Roberto Noble was an Argentine politician, journalist and publisher, perhaps best known for having founded Clarín, long Argentina's leading newsdaily and the most or second-most circulated in the Spanish-speaking world....
, the group is active within the publishing, newspaper, television, radio, and telecommunications industries. Its largest shareholder is Ernestina Herrera de Noble
Ernestina Herrera de Noble
Ernestina Herrera de Noble is a prominent Argentine publisher and executive. She is the largest shareholder of the Grupo Clarín media conglomerate and director of the flagship Clarín newspaper.-Life and times:...
. Other major shareholders include Héctor Magnetto
Héctor Magnetto
Héctor Horacio Magnetto is an Argentine executive associated with the Clarín Group, the country's largest media company.-Life and career:...
, José Antonio Aranda, Lucio Rafael Pagliaro, and the investment bank Goldman Sachs
Goldman Sachs
The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...
. Magnetto is the President and CEO of the media group, while Ernestina Herrera de Noble directs the flagship Clarín newspaper.
Having become the largest newspaper distributor in the Spanish-speaking world by 1980 (when its revenues topped US$900 million and 1.1 billion), the group diversified itself significantly in 1990, when it entered into television
Television
Television is a telecommunication medium for transmitting and receiving moving images that can be monochrome or colored, with accompanying sound...
sector with the acquisition of Channel 13, and into radio with the purchase of Radio Mitre. Following the expansion into cable television
Cable television
Cable television is a system of providing television programs to consumers via radio frequency signals transmitted to televisions through coaxial cables or digital light pulses through fixed optical fibers located on the subscriber's property, much like the over-the-air method used in traditional...
in 1992 (Multicanal), Todo Noticias
Todo Noticias
Todo Noticias is an Argentine news cable channel. It is owned by the Group Clarín. TN began broadcasting on Tuesday, June 1, 1993, at 07:00...
, the group's cable news channel, was established in 1993 and remains one of the most influential in its sector. The conglomerate also controls Patagonik Film Group
Patagonik Film Group
Patagonik Film Group is an Argentine production company, dedicated to the making of feature films and film production services.Established in 1996 by Pablo Bossi, it is currently the leading company in Latin America...
and numerous regional newspapers (notably Los Andes
Los Andes (Mendoza)
Los Andes is an Argentine daily newspaper published in the city of Mendoza. The newspaper was founded in 1883 by Adolfo Calle. In September 1995 it became the first Argentine newspaper to become available on the internet....
of Mendoza
Mendoza, Argentina
Mendoza is the capital city of Mendoza Province, in Argentina. It is located in the northern-central part of the province, in a region of foothills and high plains, on the eastern side of the Andes. As of the , Mendoza's population was 110,993...
and La Voz del Interior
La Voz del Interior
La Voz del Interior is a daily Spanish language newspaper edited and published in Córdoba, capital of the province of Córdoba, Argentina and the second-largest city in the country...
of Córdoba
Córdoba, Argentina
Córdoba is a city located near the geographical center of Argentina, in the foothills of the Sierras Chicas on the Suquía River, about northwest of Buenos Aires. It is the capital of Córdoba Province. Córdoba is the second-largest city in Argentina after the federal capital Buenos Aires, with...
).
Grupo Clarín was listed in the Buenos Aires
Buenos Aires Stock Exchange
The Buenos Aires Stock Exchange is the organization responsible for the operation of Argentina's primary stock exchange located at Buenos Aires CBD. Founded in 1854, is the successor of the Banco Mercantil, created in 1822 by Bernardino Rivadavia.Citing BCBA's self definition: "It is a...
and London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
s in 2007, upon which a 20% share in the group was made available to stockholders (leaving 9% for Goldman Sachs, and 71% for its private shareholders). The group's revenues in 2009 were accounted for mainly by its cable television units (principally Cablevisión and Multicanal), which accounted for 60% of sales. Its numerous publishing interests netted 22% of the total, and rights to broadcasting, programming and digital content accounted for most of the remainder.