Cox Media Group announces sale of Mundo Hispanico
Cox Media Group has announced the sale of Mundo Hispánico to Mundo Hispano Digital Network, a tech-focused media company created to serve the growth and needs of the U.S. Latino community through its digital and written content, publishing reach and social media network.
"We are excited that Mundo Hispánico has found a new home with owners who are committed to continue offering quality news coverage to the growing Latino community in Atlanta and across the country," said CMG President Kim Guthrie. "The new owners have deep ties to and demonstrated involvement in the Hispanic community and are a perfect match with our talented and passionate group of Mundo employees."
Mundo Hispánico launched in 1979 and has served as metro Atlanta's largest Spanish-language newspaper for nearly four decades. The Atlanta Journal-Constitution purchased Mundo Hispánico in 2004 and rapidly expanded the publication's digital reach through MundoHispanico.com. Since its inception in 2015, MundoHispanico.com has cultivated a strong social media presence that includes more than 4.5 million Facebook followers and "MiMundo" communities that focus on topics such as fashion and money. The new Mundo Hispánico headquarters will be located in the heart of Atlanta's Hispanic business district.
"Mundo Hispánico has long-served as a dynamic and trustworthy news source for the Latino community in Atlanta. That solid foundation, coupled with our mission to strengthen Atlanta's position as a center for Hispanic media in the country, really solidifies this acquisition. It makes perfect sense for us and we're excited to get started," said MHDN President and CEO Rene Alegria.