Alfonso de Angoitia Noriega is the current vice president of Grupo Televisa,S.A. He is one of those who transformed Televisa from a company that is suffering from mismanagement to one of Mexico’s most successful media company. One of the reasons on how Televisa managed to get back on track was the $1.2 billion deal that it signed with Univision. This deal was made possible by the efforts of Alfonso de Angoitia Noriega, and is regarded as the turning point of the company. However, it wasn’t easy for the company to have this deal signed, as there was some disagreement along the way which has to be addressed. After so many months of negotiating, the two companies – Televisa and Univision – decided to settle on a deal.
This landmark $1.2 billion deal signed in 2010 managed to open up new opportunities, as Televisa was finally allowed to broadcast its programs through the homes of Hispanics in the United States. It also led to an ownership share with Univision and three seats for board of directors for Televisa. Univision had suffered with debt and had several layoffs, and when they were nearing bankruptcy, the company decided to open up their company for those who wanted to buy a part of it. That is when Televisa came into the scene and initially purchased a part of the company. The deal made years ago turned out positively for both sides. More profit was made for Televisa, and it revitalized Univision’s presence among the Hispanic people of the United States.
Today, Televisa managed to own up to 49% of Univision, and they are close to becoming the majority shareholder of the company. Their programs are known to make huge ratings across every household, and the receptions with their programs are positive. It should also be noted that Univision was once founded by the grandfather of Televisa’s current chief executive officer, Emilio Azcarraga Jean, but it was taken away from his family’s control as the United States tighten their rules on foreign owned corporations. All of this progresses and developments with Televisa would not be possible without the help of Alfonso de Angoitia Noriega.