Carlos Abedrop Davila

Entrepreneur Buys Mexico City's Largest Daily Newspaper: Carlos Abedrop Davila announced that he and his partners will buy La Prensa for about $90 million. The tabloid, best known for its sensationalistic reporting and extensive sports coverage, claims a circulation of 300,000. La Prensa was previously owned by its employees as a cooperative. The employees last week voted to become a corporation, making the sale possible.

Entrepreneur Buys Mexico City's Largest Daily Newspaper: Carlos Abedrop Davila announced that he and his partners will buy La Prensa for about $90 million. The tabloid, best known for its sensationalistic reporting and extensive sports coverage, claims a circulation of 300,000. La Prensa was previously owned by its employees as a cooperative. The employees last week voted to become a corporation, making the sale possible.

In its continuing push to privatize state enterprises, the Mexican government Tuesday announced a three-year plan to sell Mexicana de Aviacion, the nation's largest airline, to a consortium of Mexican, U.S. and British investors. Chase Manhattan Bank, British financier Sir James Goldsmith and investment fund DBL Americas are minority partners in the consortium, which initially will purchase 25% of Mexicana under a new corporation. The foreign investors will own 9.8% of the airline.