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Home > Company Index > Media > Media - Major Diversified > Cisneros Group of Companies

Cisneros Group of Companies
 NEWS FROM THE STANDARD
AOL Latin America Beats Expectations
Aug 08 2001 07:41 AM PDT

LatAm's Net Growth Strong Despite Dot Bombs
May 10 2001 03:50 PM PDT

AOL Lat Am Surpasses Estimates
May 08 2001 09:50 AM PDT

El Sitio Announces Pre-Merger Layoffs
Feb 02 2001 03:28 PM PST

El Sitio Gains a Big Partner
Oct 30 2000 12:12 PM PST

 PROFILE
The name Cisneros is synonymous with media in Latin America. The Cisneros Group of Companies is one of the region's biggest media firms, with interests in broadcast and pay television, including stakes in Venevisión, Chilevisión, Univision, and DIRECTV Latin America, as well as 80% of Playboy TV International. The company also has several Internet holdings, including a 45% stake in America Online Latin America. It also is buying Internet portal El Sitio through Ibero American Media Partners, a joint venture with Hicks, Muse, Tate & Furst that controls the Cisneros Television Group. The Cisneros family, headed by chairman and CEO Gustavo Cisneros, owns the company founded by Diego Cisneros in 1929.

 COMPETITION
Grupo Televisa, S.A. (TV)
The News Corporation Limited (NWS)
Telemundo Communications Group, Inc. (dossier)

 DEALS
Deal: AOL Latin America Obtains $150 Million in Financing
Date Announced: 04.03.01
Value of transaction (US $Mil): 150
Description: AOL Latin America will get $150 million from AOL, Cisneros Group and Banco Itau.

 FINANCIAL OVERVIEW
1999 Sales (mil.): 3,500.00
1-Yr. Sales Growth: 0.0%
Employees: 35,000
Revenue per employee: $100,000.00

 KEY PEOPLE
• William T. Keon
    CEO
• Ariel Prat
    CFO

 CONTACT INFO
Edificio Venevisión, Quinto Piso
Caracas 1050, Venezuela
Phone: 58-2-781-8286
Fax: 58-2-781-5957
Online: Web Site

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