Ernestina Herrera de Noble
| Ernestina Herrera de Noble | |
|---|---|
| Born |
June 7, 1925 Buenos Aires |
| Residence | Buenos Aires and New York |
| Nationality | Argentine |
| Occupation | Grupo Clarín (Chairperson) |
| Net worth |
 US$804 million |
| Spouse(s) | Roberto Noble (1967-69) |
| Children | 2 |
Ernestina Herrera de Noble (born June 7, 1925) 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.
Ernestina Laura Herrera was born in Buenos Aires in 1925. She became a Flamenco dancer and met the founding publisher of Clarín, Roberto Noble, around 1950. The two maintained a sporadic relationship until Noble and his wife, Guadalupe Zapata, were divorced in the early 1960s. She and the publisher were married in 1967; Roberto Noble died of cancer on January 12, 1969.
As his widow, she inherited a controlling stake in Clarín, Argentina's most widely circulated newspaper since 1965. Despite its large circulation, however, Clarín suffered financial difficulties when Mrs. Noble inherited the director's post. She turned to one of the late Roberto Noble's most prominent allies, economist and wholesaler Rogelio Julio Frigerio, who lent Clarín US$10 million, in 1971. The paper continued to endorse Frigerio's centrist MID platform, which centered on government support for infrastructure investment and import substitution industrialization. On Frigerio's advice, Mrs. Noble brought in Héctor Magnetto, who took charge of the newspaper's finances.
The periodical's finances were further bolstered early in Mrs. Noble's tenure by a 1977 partnership established with its main competitors, La Nación and La Razón, and the Argentine State in Papel Prensa - the largest domestic newsprint manufacturer. Under her leadership, Clarín extended its reach into Argentine media, purchasing two second-ranked outlets, Radio Mitre and Channel 13, in 1990, Multicanal Cable TV in 1992, and other stations and magazines. She extended the partnership with La Nación by leading Clarín into a joint wire service, Diarios y Noticias (DyN), in 1982, and into a holding company in 1997, Cimeco S.A., which obtained majority stakes in numerous regional newspapers (notably Los Andes of Mendoza and La Voz del Interior of Córdoba). Controlled by Mrs. Noble and the paper's longtime directors, Héctor Magnetto, José Antonio Aranda and Lucio Rafael Pagliaro, Grupo Clarín was established from these holdings in 1999 as the most important media conglomerate in Argentina.
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