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Azcárraga steps down as Televisa CEO

October 26, 2017 by Veronica Villafañe

Emilio Azcarraga JeanEmilio 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.

Filed Under: People, TV & Radio Tagged With: Emilio Azcarraga, Televisa

Reader Interactions

Comments

  1. Ramon Espinosa says

    October 27, 2017 at 6:37 AM

    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

  2. Ramon Espinosa says

    October 27, 2017 at 7:33 AM

    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?

  3. Isaac no Lee says

    October 27, 2017 at 9:47 AM

    Hmm, cashing out the chips?

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Veronica Villafañe, Editor & Publisher

Emmy award-winning journalist and former president of the National Association of Hispanic Journalists (NAHJ). Currently a reporter for Voice of America, she has worked as an on-air reporter, anchor, writer and producer for Spanish and English-language TV, print and online media, including Univision, Telemundo, Fox 11 News in L.A. and the San Jose Mercury News.

Hispanic media and entertainment contributor to Forbes.

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Veronica Villafañe, Editor & Publisher

Emmy award-winning journalist and former president of the National Association of Hispanic Journalists (NAHJ). Currently a reporter for Voice of America, she has worked as an on-air reporter, anchor, writer and producer for Spanish and English-language TV, print and online media, including Univision, Telemundo, Fox 11 News in L.A. and the San Jose Mercury News.

Hispanic media and entertainment contributor to Forbes.

Full bio here
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