History
Azteca was founded on July 18, 1993. When two of three networks and all repeater stations owned by Instituto Mexicano de la Televisión were auctioned off by the Mexican government. Imevisión also owned the channel 22 of the Mexican Federal District, it was not included at the privatization package by popular demand of intellectuals and was delivered to Conaculta.
On July 18, 1993, the Mexico's Finance Ministry, Secretaría de Hacienda y Crédito Público (SHCP) announced that Radiotelevisora del Centro, a group controlled by Ricardo Salinas Pliego, was the winner of the auction process to acquire the "state-owned media package". The winning bid amounted to US$645 million. Other bidders included Grupo Cosmovision, a joint venture between different radio companies of Mexico (led by Grupo Radiorama), came in a distant second place with its US$495 million bid and Grupo Medcom, affiliated to Grupo Radio Red and controlled at the time by Clemente Serna Alvear and came in third with its US$454 million bid.
On March 7, 2011, TV Azteca changed the name to Azteca, for the subdivision simplification.
Read more about this topic: TV Azteca
Famous quotes containing the word history:
“Every generation rewrites the past. In easy times history is more or less of an ornamental art, but in times of danger we are driven to the written record by a pressing need to find answers to the riddles of today.... In times of change and danger when there is a quicksand of fear under men’s reasoning, a sense of continuity with generations gone before can stretch like a lifeline across the scary present and get us past that idiot delusion of the exceptional Now that blocks good thinking.”
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“The one duty we owe to history is to rewrite it.”
—Oscar Wilde (1854–1900)