Time Inc’s business magazine is about to hit Mexican newsstands thanks to a new partnership announced by the U.S. publishing giant and Latin America publishing giant Editorial Televisa. The new edition which will be distributed in Mexico will include content from the U.S. edition along with original content from FORTUNE en Español’s staff.
Said Time Inc’s Contet Chief and FORTUNE President Alan Murray:
“We are pleased to be partnering with Televisa to bring the FORTUNE brand to Mexico. We are confident that Mexican readers will come to view FORTUNE as their most valued source of business news and information.”
Said Porfirio Sánchez Galindo, CEO of Editorial Televisa:
“With the launch of FORTUNE en Español, Televisa starts a new era of content generation and timely news in Mexico in the business and finance sector. We are convinced that our joint initiative with Time Inc. is reaching an underserved audience in our country, that is hungry for great content.”
The new launch comes ahead of what is expected to be some deep cuts at magazine publisher. A reported 200 staffers are expected to be axed as the Holiday season kicks into high gear. The layoffs are part of an effort by the company to cuts costs.
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