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
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