1/13/2024 0 Comments El nuevo dia stock![]() Twenty years later Luis was elected governor of Puerto Rico, and his oldest son, Antonio Luis Ferré, now 75, bought the paper from him, moving it from Ponce to San Juan and changing its name to El Nuevo Día. Ferré, bought a newspaper, El Día, in 1948. He and his sons expanded the business from metalwork to cement and paper, and one of the sons, Luis A. One of his sons-María Luisa Ferré Rangel’s great-grandfather-earned an engineering degree from the Sorbonne by mail and, with political upheaval and unrest roiling Cuba, emigrated to Puerto Rico, where he used his own capital to start a foundry. Like many of his countrymen, he fell ill in the substandard conditions to recuperate he went to Cuba, where he married and started a family. We are always thinking of doing something else, something new and something different.”įerré Rangel’s great-great-grandfather was a French engineer who traveled to Central America in the 19th century as part of France’s ill-fated attempt to construct a ship canal across Panama. “We are entrepreneurs,” says company president María Luisa Ferré Rangel, 45. In short, this is a company that isn’t afraid to try new things-or to dump those ventures should they fail. More significantly, the family members who make up Grupo Ferré Rangel’s leadership can call on an entrepreneurial legacy that has seen the company move into and out of several diverse industries over the decades, and a decision-making process that has fostered open discussion, nimbleness and prudent risk taking. That has given Grupo Ferré Rangel time to assess the impact of the technological revolution in the States and adjust its strategies and tactics accordingly. The Puerto Rican media giant Grupo Ferré Rangel, publisher of the island’s largest newspaper, El Nuevo Día, is in a better position than most communications companies to overcome the current environment’s significant obstacles.įor one thing, the Internet has penetrated Puerto Rico far less deeply than it has the mainland U.S. Blame cable television, blame the recession, blame blogs and Twitter and Craigslist regardless of the cause, the industry is engaged in a massive struggle not merely to reinvent itself and retain its relevance, but also, simply, to survive. Newspapers are shedding reporters and editors in stunning numbers, magazines are losing advertisers and slashing pages, and network news divisions are closing bureaus and trimming coverage. As you’ve probably heard, it’s a tough time to be a media company. ![]()
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