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Grupo La Nacion

Grupo La Nacion

In 1909 the children of newspaper La Nacion’s founder, Bartolomé Mitre, created SA La Nacion, a company that purchased the newspaper founded in 1870 and that has represented conservative and landowning sectors for more than a century. Mitre’s descendants still control the firm: using the newspaper, which is the second most popular one in Argentina, as a bedrock, they have created a multimedia group that owns a digital TV channel (LN+) and a great share of the magazine market. They also built a closed stadium to host concerts and events in the city of Buenos Aires (Buenos Aires Arena) and partnered with Grupo Clarín to purchase the only newsprint manufacturer in Argentina (Papel Prensa) and Exponenciar, which organizes the main agribusiness trade fair in the country (Expoagro). Moreover, they have established loyalty card program Club La Nacion, which has allowed them to improve customer loyalty and grow their products by offering discounts and prizes to the newspapers’ subscribers, a model that has been implemented in other media as well. From 1998 to 2008, together with Grupo Clarín, La Nacion was also a shareholder of Compañía Inversora de Medios de Comunicación (Cimeco), through which it controlled newspapers La Voz del Interior from Córdoba and Los Andes from Mendoza, as well as news agency Diarios y Noticias (DYN), which they decided to close down in 2017.

In 2007 the group created Dridco, a company that was later purchased by Navent, Latin America’s online classified ads leader in websites such as Zona Jobs, Zona Prop and Bumeran. In that endeavor, La Nacion has partnered with Tiger Global Management, an invstment fund controlled by American mogul Chase Coleman III and Riverwood Capital.

In 2012 La Nacion purchased ImpreMedia, the largest Spanish-language newspaper and magazine publishing company in the United States.

Key facts

Mother Company

SA La Nacion

Business Form

Private

Legal Form

Joint stock corporation

Business Sectors

Trade fairs; newsprint manufacturing; logistics and transportation; clothes retail; covered stadium for entertainment; classified ads

Ownership

Individual Owner

Saguier Family

Julio and Alejandro Saguier are President and Vice President of SA La Nacion’s board of directors. They entered the company in the 1990s after purchasing a considerable amount of stock to the Mitre family. Their mother, Matilde Noble Mitre de Saguier, is also a shareholder and a member of the company’s board of directors. She is the niece of Roberto Noble, Clarín’s founder. Her other children are also members of the board of directors: Luis María Julio Saguier and Fernan Luis Saguier.

60%
Media Outlets
Other Media Outlets

Other Print Outlets

La Nacion (103,399 issues)

Other TV Outlets

La Nacion + (0.13%)

Other Online Outlets

Lanacion.com (0.69%)

Facts

Media Business

Newsprint manufacturer

Papel Prensa

Business

Loyalty card program

Club La Nacion

Trade fairs

Exponenciar (50%)

Clothing

Dressit.com

Logistics and transportation

Hop

Showbusiness

Buenos Aires Arena

Online classified ads

Zonajobs

Recruitment software

Hiring Room

Real estate software

Tokko Broker

Car classified ads portal

Demotores.com

Newspaper La Opinión (United States)

Car classified ads portal

Demotores.com (Chile and Colombia)

General Information

Founding Year

1870

Affiliated Interests Founder

Bartolomé Mitre

He served in the military. He was also a journalist and a politician. He was President of the Argentinian Republic between 1862 and 1868. He led the Nationalist Party. In 1870, he founded La Nacion as an “indoctrinating editorial” through which he promoted his political project until 1906, when he died.

Employees

Missing data

Contact

Av Del Libertador 101 Piso 5 (1638), Vicente Lopez, Buenos Aires

Financial Information

Revenue (Financial Data/ Optional)

$4.02 billion

Operating Profit (in Mill. $)

$109.6 million

Advertising (in % of total funding)

Missing data

Management

Executive Board

Julio César Saguier

President of the board

Other Influential People

Francisco Seghezzo (CEO)

He was CEO of ImpreMedia, a Spanish-language newspaper publishing company that is part of Grupo La Nacion. In SA La Nacion, he was Corporate Planning Manager, led the media’s expansion strategy and was involved in the development of new business areas. He was responsible for the budget and financial planning areas, and supervised mergers and acquisitions.

Further Information

Data Publicly Available

ownership data is easily available from other sources, e. g. public registries etc.

2 ♥

Meta Data

The company’s income and revenue correspond to SA La Nacion as of December 2017.
Circulation data are the monthly averages of October 2018 according to the Circulation Verification Institute (IVC).
The share of LN+ is the average of 2018 according to consulting agency Kantar Ibope.
Internet market share was obtained from SimilarWeb in November 2018.

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