This is an automatically generated PDF version of the online resource argentina.mom-rsf.org/en/ retrieved on 2019/06/16 at 03:46
Reporters Without Borders (RSF) & Association Tiempo Argentino - all rights reserved, published under Creative Commons Attribution-NoDerivatives 4.0 International License.
LOGO Tiempo Argentino
Reporters without borders

Grupo Moneta

Grupo Moneta

The history of Grupo Moneta goes back to Raúl Juan Pedro Moneta, father of the current group’s shareholders. He started to work in the media industry in the late 1990s. At that time, he was President and owned 33% of the stock of Grupo Citicorp Equity Investments (CEI). Through that business trust (which included Telefónica Internacional [TISA], Liberty Media and American investment fund HMT&F), he came to control two open TV channels in Buenos Aires (Telefé and Canal 9), three radio stations (Continental, La Red and FM Hit), TV production company Torneos y Competencias, paid content TV company Cablevisión and 50% of telephone company Telefónica. At the turn of the millennium and under a new government, he lost his stock in CEI after being legally prosecuted for his actions through financial company Banco República.

In 2010 a partnership between Raúl Moneta and Matías Garfunkel (another businessman connected to banking institutions) marked the banker’s return to the radio industry. He purchased over 10 radio stations that the Corporación Iberoamericana de Entretenimiento (CIE) had sold to comply with the regulations set by the law on audiovisual communication services.

In 2013 the partnership between Moneta and Garfunkel came to an end, and half of the radio stations were kept by Garfunkel. In 2014 another businessman from the financial sector, Jorge Brito, purchased one of their FM radio stations. In 2018 the group sold FM Blue to Grupo América.

Currently, as a result of its founder’s serious health issues, Grupo Moneta has shrunk and lost relevance in the media market. Its share is limited to FM Metro 95.1 and a network of four sister radio stations, as well as magazines InfoCampo, Bacanal and El Federal.

In 2013 Raúl Moneta delegated the management of his companies to his children (Belisario, Faustino and Raúl Cruz).

Key facts

Mother Company

Corporación Infomedia S.A.

Business Form

Private

Legal Form

Joint stock corporation

Business Sectors

Farming; fuel transportation; industrial investment; sea port management; industrial parks

Ownership

Individual Owner

Moneta Family

Raúl Crúz, Fustino, Rufino and Belisario are the sons of Raúl Moneta, a former banker who created the business group. The brothers manage the father’s business, in media, agro and construction.

100%
Media Outlets
Other Media Outlets

Other Radio Outlets

FM Metro 95.1 (Buenos Aires)

Other Online Outlets

www.labrador955.com.ar

Facts

Business

Agriculture

Estancia La República

Ports

PIAPSA

Industrial park

Parque Industrial Agua Profunda

Manufacturing

MLPort Inversiones

Fuel transportation

Tractus Logística

General Information

Founding Year

1977

Affiliated Interests Founder

Raúl Juan Pedro Moneta

Financial companies, cattle breeding, oil services.

Employees

Missing data

Financial Information

Revenue (Financial Data/ Optional)

Missing data

Operating Profit (in Mill. $)

Missing data

Advertising (in % of total funding)

Missing data

Management

Executive Board

Raúl Cruz Moneta

President of the board

Further Information

Data Publicly Available

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

2 ♥

Sources

Viau, Susana (2001). El banquero: Raúl Moneta, un amigo del poder en la ruta del lavado. Planeta, Buenos Aires.

  • Project by
    Logo Tiempo Argentino
  •  
    Reporters without borders
  • Funded by
    BMZ