The News (Mexico City)
 |
|
| Type | Daily newspaper |
|---|---|
| Format | Tabloid |
| Owner(s) | Grupo Mac |
| Publisher | Editorial News de México S.A. de C.V. |
| Editor | Anuar Maccise |
| Founded | 1950 |
| Language | English |
| Headquarters |
Montes Urales #425  Mexico
|
| Circulation | 10,000 |
| Website | www.thenews.com.mx |
Montes Urales #425
Colonia Lomas de Chapultepec
Miguel Hidalgo
Mexico City 11003
The News is a Mexican English-language newspaper that is published in Mexico City five days per week, Monday through Friday. With the exception of the five years between 2002 and 2007, the newspaper has published continuously since its founding on July 5, 1950. It is owned by Mexican media company Grupo Mac.
The News was founded on July 5, 1950, by Romulo O'Farrill, Sr., and owned by Novedades Editores, SA de CV. The News No. 1 had a peak circulation of 17,000.
Romulo O'Farrill Silva (1897-1981) Member of sixth generation O'Farrill name in Mexico. He specialized in auto mechanics and organized an auto assembly plant of a short life. The assembly plant was subsequently sold to the Volkswagen Company. He acquired the Novedades newspaper and a radio station. He received the first grant of television in Mexico and Latin America, Channel 4, starting operations on August 31, 1950. He proposed merging the television channels 2, 4 and 5 for profitability reasons leading to the formation of Tele Sistema Mexicano, with the Azcarraga family and Guillermo González Camarena as partners . He continued as a major partner of that television company.
Due to financial difficulties of the Novedades newspaper, its sister publication The News closed its doors in December 2002 – after 52 years of serving Mexico's English-speaking community. At the time of closure, Novedades had about 800 employees while the much smaller News had less than 50. The News was reportedly profitable even as it was shutting down.
Excerpts from Novedades are cited prolifically in John Womak's biography of Emiliano Zapata (Zapata and the Mexican Revolution, Vintage Books 1970) that is widely considered the best biography on the revolutionary hero. The Spanish-language daily created local editions in Acapulco, Cancun and elsewhere.
Novedades was instrumental in the launch the first television network in Mexico, which grew into today's powerful Televisa. Novedades Editores' cash cow was the publication of its comic novellas, which are still popular reading material for Mexico's lower classes. The company also had a license to publish a number of high-end magazines, such as Vogue. Poor management of the magazines resulted in their closure.
In the 1990s, the popularity of Novedades declined as it was widely considered to be an advocate for the Institutional Revolutionary Party (PRI), Mexico's longest ruling political organ until Vicente Fox's presidential victory in 2000. Novedades faced stiff competition from Reforma, which launched in 1993, and specialized daily publications such as El Economista.
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Wikipedia