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The File On Azcarraga

September 21, 1986|VICTOR VALLE

An eight-year federal investigation of the American media holdings of Emilio Azcarraga Milmo centered on three of his corporate entities. Following are capsule descriptions of each firm, as outlined in January by FCC Administrative Law Judge John H. Conlin:

Spanish International Communications Corp. (SICC): Founded in 1971, SICC was built through a series of mergers and expansions of American stations that Azcarraga's father earlier had invested in or controlled. More than 91% of SICC's stock is held by six shareholders, with more than 65% of the total shares either owned or subject to the control of the Azcarraga interests.

SICC owns and operates KMEX in L.A., WXTV in New York, WLTV in Miami, KFTV in Fresno and KWEX-TV in San Antonio along with repeater stations in Bakersfield, Philadelphia, and Hartford, Conn., and low-power stations in Austin and Denver. (SICC also owns broadcast outlets in San Francisco and Phoenix, but neither is included in the proposed sale to Hallmark Cards.)

Spanish International Network (SIN): A Delaware corporation formed in 1962, SIN is the exclusive advertising sales representative for SICC and provides 75% to 90% of the programs broadcast by the SICC stations. It also distributes programming to other broadcast outlets in the United States and to Mexican border stations. SIN is Televisa's wholly-owned U.S. program distributor and accounts for the largest share of its foreign export sales. Azcarraga is president of SIN.

Televisa: The center of the Azcarraga empire was created in a 1982 merger combining three Azcarraga-owned Mexico City stations with a fourth station. More than 58% of Televisa is owned by the Azcarraga family, 22% by Romulo O'Farrill Jr. and the balance by the family of former Mexican President Miguel Aleman. (O'Farrill assumed Azcarraga's post as Televisa president last month. Azcarraga has taken over Televisa's international operations.)

Besides its involvement in Mexico's radio, recording, theater and newspaper industries, Televisa also is the world's largest producer and exporter of Spanish-language TV programming. It sells throughout Latin America and in several European countries. In 1984, Televisa's sales in the U.S. totaled $3.5 million, 98% of which was to SIN.

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