Posted on 04/20/2006 3:31:31 AM PDT by Liz
The powerful family of Carlos Slim - the world's third richest man, with a $30 billion fortune - bought a huge stake in Spanish-language television giant Univision .....It signals that the Slim family, which owns several Latin American companies, could be planning to participate in a buyout of Univision or is trying to block a takeover by another suitor.
Slim purchased 8.5 million Univision shares between March 9 and March 20...... The family now controls about 2.8 percent of Univision's outstanding shares through its real estate company, Inmobiliaria Carso. Carlos Slim's son sits on the board of Mexican company Grupo Televisa SA, which owns nearly 11 percent of Univision and has a lucrative broadcasting agreement with Univision.
Grupo Televisa said ......it is not acting in partnership with the Slim family.
Foreign companies can own only 25 percent of US-based broadcasters, and Televisa together with the Cisneros family, which controls Venezuela's biggest broadcaster, Venevision, own nearly that much of Univision.
(Excerpt) Read more at nypost.com ...
Univision (pronounced Univisión in Spanish; NYSE: UVN) is the largest Spanish-language television network in the United States, and overall, the fifth-largest American network (right behind Fox, ABC, NBC, and CBS); and is one of ten major mainstream/commercial broadcast networks in the United States, alongside NBC, CBS, Fox, ABC, i (formerly Pax), The CW (a merger of the UPN and The WB networks planned for September 2006), Fox's sister network My Network TV (planned to launch at the same time as The CW), its sister network TeleFutura and top rival Telemundo. Univision is credited with turning what used to be three separate markets (Puerto Ricans in the eastern United States, Cuban-Americans in south Florida, and Mexican-Americans in the southwest) into what advertisers now consider a 'single, national Hispanic market'.
Currently with today's large Mexican and Mexican-American audience in California, Texas, and other parts of the Southwest, as well as the fast-growing Mexican population in the South and Northeast, many shows — especially the news — cover Mexican issues. Univision's main competitor is Telemundo. It has maintained a lead in ratings, due in large part to Mexican telenovelas and other programming produced by Grupo Televisa.
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.
Univision is headquartered in Los Angeles, California, but its major production facilities/operations are in Miami, Florida. It is available on cable in most of the country, and has over-the-air stations in several markets with large Hispanic populations.
That's a "huge stake in Spanish-language television giant Univision"?
Mexican corporations seem to be diversifying out of Mexico ahead of the elections. In this U.S. Territory they have already bought our largest cement manufacturing company, a leading publishing company and bought Verizon out of the local telephone company.
Carlos Slim isn't moving in on U.S. busniess. He was a major stockholder and sat on the board of SBC, now AT&T, for years. He has been a known character for decades.
But Slim's activities take on a new coloration in light of the illegal invasion.
REFERENCE POINT Mexico is Rich- Mexican wealthy play American taxpayers for suckers
SOURCE http://www.limitstogrowth.org/ | 2005 | Brenda Walker
POSTED HERE http://www.freerepublic.com/focus/f-news/1608417/posts
Certainly there are many poor people in Mexico, since perhaps half the country lives in poverty. However, the nation as a whole is quite rich — see the documented facts listed below — and could well finance the sort of improvements in education and infrastructure that would better the living standards of all Mexicans. But the Mexican ultra-rich, like telecommunications magnate Carlos Slim shown here, don't like to tax themselves for investment the country badly needs for infrastructure and education, and it helps them greatly that the American taxpayer has been forced to support Mexicans living in the United States.
Interestingly, the Forbes list of billionaires published in 2006 showed Carlos Slim moving up to the number three spot among the world's richest men. Every dollar spent in U.S. taxes for social services for illegal aliens frees up additional cash to be sent south as part of the annual remittances which provided $20 billion in 2005.
According to the CNN news show Lou Dobbs Tonight (3/21/05), "Remittances, as they're called, are expected to become Mexico's primary source of income this year, surpassing the amount of money that Mexico makes on oil exports for the first time ever."
So when el Presidente Vicente Fox complains that the "dignity" of Mexicans living illegally in America requires that they receive free healthcare on the U.S. taxpayer's dime, he is really talking about increased remittances to keep their whole corrupt system afloat.
Consider these relevent facts:
• Mexico has the second-highest highest Gross Domestic Product in Latin America, after being #1 for several years over second-place Brazil.
• When measured in GDP per capita, Mexico ranks #1 as of 2005, ahead of Chile and Venezuela.
• According to Forbes magazine, a substantial proportion of Latin American billionaires, 10 out of 26, were Mexican as of 2005.
• Mexico raises less revenue through taxation than nearly any other Latin American country, just 12 percent which is one reason why the nation's wealth is not better utilized. By comparison, the United States takes in 25-28 percent of its gross domestic profit in taxes. Even Brazil taxes itself at twice the Mexican rate.
• Economist Gary Hufbauer of the Institute for International Economics has remarked, "It's up to Mexico to solve its problem, and basically the wealthy classes do not want to tax themselves, period. While I'm not usually an advocate for larger government, Mexico is a country where public investment, done wisely, could pay huge dividends."
• Mexico expert Prof. George Grayson of William and Mary College calls Mexico an "immensely wealthy nation."
• Mexico's economy is the world's tenth largest.
• When the ruling party needed a hefty sum for the 1994 election, Presidente Salinas leaned on a group of rich businessmen to write $25 million checks each at an infamous dinner party, where contributions totaled a staggering $750 million by evening's end. Compare that with the measly $150 million campaign chest in spring 2004 that President Bush had accumulated after three years in office.
• Freedom House notes the cost of corruption: "According a recent study by the Mexico chapter of Transparency International, some $2.3 billion-approximately 1 percent-of the country's economic production goes to officials in bribes, with the poorest families paying nearly 14 percent of their income in bribes."
• Ricas y Famosas — Rich and Famous is a book of photos that takes a peek at the hidden world of the Mexican ultra-rich. Photographer Daniela Rossell used her membership in the exclusive club to reveal the decadent lifestyles of blonde women in gold lamé. It is a shocking view of the most extreme ostentatious wealth among great poverty.
• Sure Things in Mexico: Death, Taxes and Evasion According the recent rankings released from the IMD International, the Switzerland-based International Institute for Management Development placed Mexico at 56 out of 60 economies examined, largely because of a dearth of investment in everything from infrastructure to education. Due to its pathetic tax collection, Mexico cannot even buy schoolbooks or pay its police enough to live on, much less invest in its future.
• Lou Dobbs Tonight Transcript (12/16/04) The CNN news show shines a light on Mexican wealth. Particularly noteworthy is Prof. Grayson's remark: "There is a small economic elite who live like maharajas, and there's a political elite that protects them. Our border provides an escape valve which really lets the Mexican political and economic elite off the hook in terms of providing opportunities for their own people."
• While US Focuses on Iraq, Mexico is Collapsing June, 2005, and the symptoms of Mexico's failure as a state are accumulating. The recent takeover of border city Nuevo Laredo by the Mexican army because of the breakdown in law and order was so obvious.
Interestingly, Defense chief Donald Rumsfeld is guided by a secret Pentagon report which identifies Mexico as a potential failed state in the making.
For more, read "Mexico's Rich Don't Like To Pay Taxes — They Think You Should." -30-
Why are foreign nationals allowed to buy U.S. corporations?
They are sending all their citizens in a mass exodus "ahead of the elections", which would indicate they want to takeover our Country when theirs is being taken over by communists.
"Why are foreign nationals allowed to buy U.S. corporations?"
I also wonder. Must be the globalization thing. The funny thing is, wireless customers here seen to be dropping Verizon Wireless ahead of the take over and moving their numbers to American carriers like Cingular and Sprint.
BTTT
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