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Topic: Grupo Salinas

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	Grupo Salinas :: Grupo Salinas Companies Generate Aggregate Revenue of More Than US$5 Billion in 2006 (Site not responding. Last check: 2007-09-22)
		MEXICO CITY, Jan. 2 /PRNewswire-FirstCall/ -- Grupo Salinas, a group of dynamic, fast growing and technologically advanced companies deeply committed to the modernization of the countries where it operates, stated today that 2006 represented a year of strong growth and profitability for most of the companies that are part of the organization.
		Grupo Elektra's perspectives are encouraging in Mexico, El Salvador, Guatemala, Honduras, Panama and Peru, countries where it already has presence, as well as in Argentina, where it expects to start operations in 2007.
		Grupo Salinas (http://www.gruposalinas.com/) is a group of dynamic, fast- growing, and technologically advanced companies focused on creating shareholder value, building the Mexican middle class and improving society through excellence.
	sev.prnewswire.com /entertainment/20070102/MXTU00202012007-1.html (901 words)

	Ricardo Salinas Pliego - Wikipedia, the free encyclopedia
		Ricardo Benjamín Salinas Pliego (born 1956) is a Mexican businessmen and one of Forbes World's Richest People since 2000.
		He serves as President and CEO of Grupo Salinas and Grupo Elektra, two holdings with interests vested in telecommunications, media and retail stores, among those TV Azteca, Elektra, Iusacell, Unefon and Banco Azteca.
		Salinas Pliego has a degree in Accountancy (with Honors) from the Monterrey Institute of Technology and Higher Studies (1977) and a Masters in Business Administration from Tulane University (1979).
	en.wikipedia.org /wiki/Ricardo_Salinas_Pliego (158 words)

	Grupo Salinas :: Grupo Salinas Celebrates in New York 100 Years of Service Excellence
		Grupo Salinas has stated that it plans to bring commercial and financial services to several new Central and South American countries in 2007.
		Grupo Salinas continues to analyze options to combine the operations of its cellular companies Iusacell and Unefon.
		Grupo Salinas is a group of dynamic, fast growing and technologically advanced companies focused on creating shareholder value and improving society through excellence.
	sev.prnewswire.com /advertising/20061212/MXTU00212122006-1.html (568 words)

	El Universal Online
		Salinas Pliego has plenty to lose in a suit that is set to put Mexico and its corporate practices under unwelcome scrutiny.
		Salinas Pliego and an associate were behind a little-known, special-purpose company called Codisco that bought the debt from Nortel for US107 million in June 2003 in a transaction that ended a year of litigation over the debt.
		Salinas Pliego is also close to President Vicente Fox and Marta Sahagún, his wife, who enjoys favorable treatment on Azteca channels, and to opposition politicians.
	www2.eluniversal.com.mx /pls/impreso/noticia.html?id_nota=8944&tabla=miami (1571 words)

	Hispanic PR Wire - Mexican Business Leader Ricardo B. Salinas of Grupo Salinas Discusses Ideas to Help Small Companies ...
		Salinas said that the powerful examples set by a raft of successful micro-financing initiatives in Mexico have the potential to fundamentally change the way in which the rebuilding efforts in South Eastern Mexico and communities affected by natural disasters around the world are undertaken by the respective governments and the traditional non-governmental organizations (NGOs).
		Salinas' presentations follow his work in Mexico and globally to promote private sector action to drive and encourage the development of strong and vibrant middle classes.
		Grupo Salinas is a group of dynamic, fast growing, and technologically advanced companies focused on creating shareholder value, building the Mexican middle class, and improving society through excellence.
	www.hispanicprwire.com /news.php?l=in&id=5081&cha=14 (653 words)

	Grupo Salinas (Site not responding. Last check: 2007-09-22)
		Grupo Salinas, led by Mexican entrepreneur Ricardo B. Salinas, operates as a management development and decision forum for the top leaders of member companies TV Azteca, Azteca America, Grupo Elektra, Banco Azteca, Afore Azteca, Unefon, Iusacell, Movil@cess, Todito.com and Telecosmo.
		Grupo Salinas is not only a group of companies; it is an invaluable pool of talented managers and professionals, who enrich experiences by sharing best practices, procedures and advanced technologies throughout several industries.
		At the core of Grupo Salinas is its Executive Committee, chaired by Mr.
	www.gruposalinas.com /whatis/team.shtml (182 words)

	World Screen - Home
		Salinas serves as the chairman of Grupo Salinas, which, besides owning TV Azteca, has holdings in retail stores, as well as financial, telecommunications and Internet companies.
		SALINAS: Free television is the dominant medium in Mexico and garners 70 percent of the country’s advertising, which amounts to some $4 billion.
		SALINAS: In Mexico, as in most of the world, digital television will be a reality in a few years—a reality that will substantially benefit consumers by offering more distribution options and a superior picture quality.
	www.worldscreen.com /interviewscurrent.php?filename=salinas0107.htm (862 words)

	The New York Times > Business > Media & Advertising > Chairman of TV Azteca Is Charged With Fraud
		Salinas Pliego, the chairman of TV Azteca, the second-biggest Spanish-language broadcaster, give up more than $110 million he made from trading in the company's stock and debt.
		Salinas Pliego reaped "a tremendous personal profit at the expense of investors" in the United States and Mexico, then "coordinated a scheme to conceal" his involvement from them, TV Azteca's directors and regulators.
		Salinas Pliego added to his gains by selling more than $9 million of stock in TV Azteca while he and other executives rejected advice from their lawyers to disclose his involvement.
	www.nytimes.com /2005/01/05/business/media/05azteca.html?ex=1262667600&en=0a03ad0033831d21&ei=5088&partner=rssnyt (855 words)

	Yankee Group - Products (Site not responding. Last check: 2007-09-22)
		Grupo Salinas also controls fourth-place mobile provider Unefon and the well-known media group TV Azteca.
		Grupo Salinas paid US$10 million for Iusacell, much less than the June 13 publicly traded share price; the company also assumed Iusacell’s intractable debt of US$814 million.
		Grupo Salinas chairman Ricardo Salinas is known for hard bargaining with debt holders, so he may be just the person to save Iusacell.
	www.yankeegroup.com /public/products/research_note.jsp?ID=10246 (803 words)

	UNI : Verizon and Vodafone to drop venture
		Mr Salinas owns Grupo Salinas, which includes Mexico's second-largest broadcaster TV Azteca and electronics retailer Elektra, as well as Unefon, the ailing Mexican wireless company.
		Grupo Salinas officials said there were no plans to merge the two companies - or inject new capital - until talks with Iusacell's debtors were completed.
		Mr Salinas long ago aroused criticism for having used funds from TV Azteca to back loans to Unefon.
	www.union-network.org /unimultinationals.nsf/0/46912643adfa1fe8c1256d47004aa48c?OpenDocument (361 words)

	HispanicAd -News-
		During an event held at Mexico's Rufino Tamayo Museum, Grupo Salinas Chairman Ricardo B. Salinas officially inaugurated a series of events to celebrate a century of service throughout the Americas.
		Salinas was joined in the celebration by President Vicente Fox, President-Elect Felipe Calderon, members of their cabinets, as well as fellow business leaders such as Carlos Slim.
		With operations in Mexico, the United States, Peru, Panama, Guatemala, Honduras and El Salvador, Grupo Salinas produces US$ 5 billion in annual revenue, which is equivalent to 0.6% of Mexico's GDP.
	www.hispanicad.com /cgi-bin/news/newsarticle.cgi?article_id=20783 (270 words)

	[No title]
		The core holdings of Grupo Salinas are retail and consumer-finance giant Grupo Elektra and the country’s second-largest broadcaster, TV Azteca, which is now launching a bold invasion of U.S. airwaves with its sports programming and hot Spanish-language novelas, or soap operas.
		Salinas’ boldness reflects the way he built his company, a saga that has all the components of Cuando Seas Mía (“When You’ll Be Mine”) or any of Azteca’s other hit novelas playing in Mexico.
		Salinas was forcing an investment down their throats, one that was very different from the original business of TV Azteca.
	www.boardmember.com /issues/archive.pl?article_id=10822 (2100 words)

	Univision - Wikipedia, the free encyclopedia
		It has maintained a lead in ratings, due in large part to Mexican telenovelas, and other programming produced by Grupo Televisa.
		Its evening news program Noticiero Univision, co-anchored by Jorge Ramos and Maria Elena Salinas, has on several occasions out-rated its major network English-language network evening news competitors.
		However, in late 2004 a feud began and continues between Univision's chairman,78 year old Italian entertainment guru Jerrold Perechino and the 32 year old head of Televisa Emilio Azcarraga Jean,the dispute is about Univision's continual censoring of televisa's programming, failure to pay for transmission of Televisa prodcued sports and specials.
	en.wikipedia.org /wiki/Univision (835 words)

	American Venture Magazine - Our Authors :: The leading publication for entrepreneurs and investors
		As chairman and founder of Grupo Salinas, which includes several the largest companies in Mexico, Ricardo B. Salinas is one of Latin America’s leading entrepreneurs.
		Salinas is also chairman of TV Azteca, one of the world’s two largest producers of Spanish-language television programming and one of only two nationwide broadcasters in Mexico.
		Unefon Holdings is a Grupo Salinas telecommunications company that built its client base to 1.4 million subscribers in just three years.
	www.americanventuremagazine.com /authors/136 (293 words)

	Lawsuit against Mexican network operator
		The complaint seeks to recover all amounts due under the US$150 million 10% Notes, prevent Grupo Iusacell Celular and the current holders of the bank debt from pursuing further restructuring talks that may be prejudicial to the Noteholders, and to assign to the Noteholders security interests improperly granted to the bank debt holders.
		The complaint was prompted by the failure of Iusacell's controlling shareholder, Grupo Salinas, headed by Mexican businessman Ricardo Salinas Pliego, to respond to the Noteholders' efforts to engage in good faith restructuring talks.
		Furthermore, the Noteholders are concerned that Grupo Salinas representatives have indicated that they are pursuing a restructuring with the bank debt holders that may compromise the rights of the Noteholders.
	www.cellular-news.com /story/10433.php (660 words)

	Latin CEO: Executive Strategies for the Americas: A few good men - Mexico Special Report
		Salinas' most recent coup was a wireless phone concession in Nicaragua, where his commitment to invest US$38 million during the next five years beat out a rival bid from America Movil.
		In Mexico, Salinas continues to court international buyers for Unefon, though the unit is on track to booking profits -- and 1 million users -- by year-end.
		Salinas has been chairman and CEO of TV Azteca since 1993, when he led a group of investors to buy two state-owned television networks.
	www.findarticles.com /p/articles/mi_m0OQC/is_8_2/ai_100500723 (1480 words)

	ManattJones-México News Briefs
		Salinas Pliego, chairman and majority shareholder of Mexican broadcaster TV Azteca, is awaiting the judgment of the U.S. Securities and Exchange Commission in a case that could have both wide ramifications for his company and for corporate governance in México.
		At issue is a 2003 debt transaction in which Salinas Pliego and a colleague made a profit of $218 million, allegedly at the expense of shareholders.
		Salinas Pliego denies wrongdoing and is due to present his version of events in the next few weeks.
	www.manattjones.com /newsletters/newsbrief/20041108.html (2582 words)

	Business News (Site not responding. Last check: 2007-09-22)
		Grupo Elektra, the Mexican appliance and furniture retailer, won the auction to buy Grupo Salinas y Rocha, the bankrupt retail chain.
		With this operation, Ricardo Salinas Pliego, majority owner of Elektra, will regain control of the chain founded by his great-grandfather in Monterrey in 1907.
		Salinas y Rocha boasts an extensive database of an estimated 3 million customers in Mexico, which is highly valued by its competitors.
	www.embamex.co.uk /Update/1999/04/b_news.html (458 words)

	El Financiero en lÃnea
		Ante personajes del mundo empresarial, funcionarios, legisladores y acadÃ©micos, Salinas Pliego destacÃ³ que uno de los logros mÃ¡s importantes de Grupo Salinas fue la ruptura del monopolio de la comunicaciÃ³n en el paÃs.
		DestacÃ³ que gracias a que Grupo Salinas es diferente e innovador y porque ha tomado riesgos, ha logrado convertirse en un grupo sano en sus cien aÃ±os de existencia y con viabilidad para continuar por otro periodo igual.
		Durante la celebraciÃ³n, el empresario reseÃ±Ã³ la forma como evolucionÃ³ Grupo Salinas, el uso de modelos innovadores para atraer anunciantes a las pantallas de TV Azteca y la forma como mediante Azteca AmÃ©rica se ha logrado un alcance del 80 por ciento de la poblaciÃ³n de habla hispana en Estados Unidos.
	www.elfinanciero.com.mx /ElFinanciero/Portal/cfpages/contentmgr.cfm?docId=31057&docTipo=1&orderby=docid&sortby=ASC (395 words)

	Variety.com - SEC pursues Azteca fraud case
		Since Christmas Eve, Azteca chairman Ricardo Salinas Pliego has been ensnared in a growing scandal over alleged improprieties related to a debt restructuring for Unefon, a telco owned by Salinas through holding company Grupo Salinas.
		Less than two weeks later, Azteca announced that Salinas and Unefon chairman Moises Saba were behind Codisco, despite earlier claims to the contrary, meaning that Salinas and Saba may have pocketed the profits.
		In addition, holders of $150 million in bonds in Iusacell, another telco partially owned by Grupo Salinas, have filed suit to prevent attempts by Salinas to refinance that debt.
	www.variety.com /index.asp?layout=print_story&articleid=VR1117899490&categoryid=19 (423 words)

	[No title]
		Grupo Salinas is one of the most successful companies in Mexico with 30,000 employees.
		Grupo Salinas announces an agreement to provide ManagementVitality online learning Adizes leadership courses throughout the Grupo Salinas group of companies.
		Grupo Salinas (http://www.gruposalinas.com/) is a group of fast growing and technologically advanced companies deeply committed to the modernization of Mexico.
	www.managementvitality.com /news.shtml (3493 words)

	BigSoccer Boards - Monarcas and TVAzteca
		It was just another way for Grupo Salinas to compete with Grupo Televisa.
		The Salinas Group was just looking for another way to compete with the Televisa group.
		Grupo Televisa/Azcárraga has set the standard for what a media conglomorate should be like at a national AND international level.
	www.bigsoccer.com /forum/printthread.php?t=163005 (1024 words)

	Televisa Group: Overview
		The Mexican Televisa group, like its Venezuelan competitor Cisneros, is a conglomerate that has moved outside its base country to markets in South America, the US and Europe.
		Grupo Televisa has television, radio and publishing interests, with revenues in 2000 of around US$2.16 billion (est 60% from television).
		Its main local competitor is Grupo Salinas' TV Azteca.
	www.ketupa.net /televisa.htm (637 words)

	Hollywoodreporter.com (Site not responding. Last check: 2007-09-22)
		Salinas, who controls a huge media and retail group and is one of the richest men in Latin America, is already under scrutiny by U.S. and Mexican securities regulators because of his involvement in a controversial debt deal at his mobile phone company, Unefon.
		Salinas is chairman and controlling shareholder of Mexican broadcaster TV Azteca.
		A group of creditors, which together own nearly a third of the debt of a Iusacell subsidiary, are seeking to recover sums involving $150 million worth of 10% notes.
	www.hollywoodreporter.com /thr/international/brief_display.jsp?vnu_content_id=2068766 (277 words)

	Press Release: SEC Charges TV Azteca And Its Chairman - Ricardo Salinas Pliego - with Fraudulent Scheme to Conceal ...
		In its action, the SEC is seeking injunctions from future securities law violations, civil money penalties, and disgorgement of Salinas’ and Padilla’s ill-gotten gains, plus prejudgment interest. The SEC also is seeking court-orders barring Salinas and Padilla from serving as officers or directors of any publicly-held company with securities trading in the United States.
		Salinas, age 49 and a Mexican citizen, has been the chairman of the board of directors and the controlling shareholder of TV Azteca since 1993. Salinas also has been chairman of the board, CEO and president of Azteca Holdings since 1997.
		Further, in communications with TV Azteca’s independent directors, Salinas, Padilla and Echarte intentionally withheld information from, and even lied to the directors about Salinas’s connection to the underlying transactions and his $109 million profit. Salinas and Padilla compounded their fraud by executing false Sarbanes-Oxley certifications.
	www.sec.gov /news/press/2005-1.htm (588 words)

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