Tuesday, January 31, 2012

Argentine daily La Nación negotiating acquisition of U.S. Spanish-language newspaper chain

Jan 31, 2012 | by Summer Harlow

The Argentine newspaper La Nación is negotiating the takeover of the U.S. media company ImpreMedia, which owns seven Spanish language newspapers, including La Opinión in Los Angeles and New York's El Diario/La Prensa, the oldest Spanish-language daily in the United States, reported the New York Post. La Nación, based in Buenos Aires, is Argentina's second-largest daily.

Before any sale goes through, however, La Nación is waiting for the resolution of a labor dispute revolving around a new union contract that could result in the firing of more than a dozen union employees at El Diario/La Prensa, according to NY1 Noticias in New York.

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