Posted in Breaking News, Journalist, News Now

Cox Media Group plans to shutdown Mundo Hispánico, several journalists face losing their jobs

MundoHispanico1

Update 4/27/2018
Cox Media Group posted a statement on the company website about plans to sell Mundo Hispanico. It was posted the day I posted this blog.

—–

Sources with Mundo Hispánico say they need to start looking for jobs, because the digital site faces a shutdown. They got the bad news in an email Monday morning from the President of the Cox Media Group (CMG) which owns Mundo Hispánico.

cmg

The announcement came from Kim Guthrie, President of Cox Media Group. Her email partly reads…

CMG is focused on overcoming the disruption in our industry and competing to win in the markets we serve. To achieve that, we are focusing our resources on businesses that have clear paths to profitability and long-term growth.

She goes on to say…

…After careful consideration, we’ve decided to sell or sunset both the Mundo Hispanico and Southern Kitchen businesses.

Her email mentioned CMG is looking for the right buyers.

…we will work to find the right owners for Mundo Hispanico and Southern Kitchen. If we are unable to find a buyer, we plan to close Southern Kitchen and the national Vertical portion of Mundo Hispanico by the end of the quarter.

You can read the rest of the email provided to me from a few sources.

MundoHispanico

Reporters in Atlanta, Houston, Dallas, San Antonio, Los Angeles, Orlando, and one in North Carolina are expected to lose their jobs. There are also other journalists at the headquarters in Atlanta who will also be shown the door.

According to a source, the national correspondents for the digital site could be out of work by the end of June and the ones in Atlanta may get a few more months on the job.

I hope a good media company buys Mundo Hispánico, because the digital site has a good following on social media. More than four million followers on Facebook. 

I have contacted CMG for a response. I’ll keep you posted.

If you have any job openings please send them my way.  Let’s help these people out before the possible shutdown.

Other sources:
Cox Media Group

Mundo Hispánico

Advertisements

Author:

Journalism is my life. I've been a reporter for 36 years. My office is the world. During my career I have been honored with 50 journalism awards and nominations. I'm also an Emmy-nominated TV commentator. I'm currently the VP of Programs for SPJ Fort Worth Chapter. I'm also the former VP of Online for the National Association of Hispanic Journalists.

One thought on “Cox Media Group plans to shutdown Mundo Hispánico, several journalists face losing their jobs

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s