Feb 12 • 22:44 UTC 🇪🇨 Ecuador El Universo (ES)

Foreign investment group acquires Diario EL UNIVERSO

The Ecuadorian newspaper Diario EL UNIVERSO has been acquired by an investment group led by Yves Maia Pardini, marking a significant shift for the publication as it seeks to enhance its journalistic leadership and digital transformation.

Diario EL UNIVERSO, a prominent Ecuadorian newspaper with a rich history spanning 104 years, has been acquired by a foreign investment group headed by Yves Maia Pardini, a Florida-based entrepreneur. The acquisition, which also involves Integra Capital led by José Luis Manzano, one of the most active investment groups in Latin America, was officially announced on February 12 by the current owners, the Pérez Barriga brothers, and Nicolás Pérez Lapentti. This strategic move is expected to inject both financial and managerial expertise into the newspaper, which aims to navigate the rapidly evolving media landscape.

In their statement, the Pérez brothers expressed confidence that the new administration will bring not only financial backing but also extensive knowledge and experience that are crucial for the newspaper to meet the challenges ahead. They emphasized that this acquisition will provide an opportunity for EL UNIVERSO to not only maintain but also enhance its editorial commitment while adapting to modern demands in media consumption. The focus will be on reinforcing its journalistic leadership, accelerating digital transformation, and fostering multimedia integration to reach broader audiences.

The implications of this acquisition are significant for both the newspaper and the broader media environment in Ecuador. As media institutions worldwide face increasing pressure to adapt to digital platforms, the success of EL UNIVERSO in this transition could serve as a model for other local publications. Furthermore, the involvement of an international investment group may signal a trend towards greater foreign investment in Latin American media, which could reshape how journalism is practiced in the region and underline the importance of sustaining quality journalism amidst changing economic landscapes.

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El Universo (ES)