The Argentine entrepreneur José Luis Manzano is in negotiations to acquire the Spanish economic newspaper Cinco Días, owned by Grupo Prisa. He competes in the segment with the morning newspaper Expansión, owned by Unidad Editorial. One of the main obstacles to the deal is the volume of debt held by Prisa's companies, whose CEO, Joseph Oughourlián, is going through a difficult time with the Socialist Party that governs Spain. An inescapable figure of Peronism, a former minister under Carlos Menem, his current activities are anchored in Europe: he spends part of the year in Switzerland and in Madrid he is already the owner of the restaurant Gurisa in the Chamberí neighborhood. Manzano already controls an economic newspaper in Argentina - El Cronista Comercial - and knows the know-how of that segment. Initially, the Prisa group offered Manzano to transfer the entire radio business of the group in Latin America, where the group controls influential stations such as Caracol in Colombia, Radio W in Mexico, and ADN Radio in Chile. Cinco Días was founded in the 70s, when the Spanish economy was beginning to open up to Europe and the world. In addition, Manzano is negotiating the acquisition of a Digital Terrestrial Television signal, an initiative promoted by the government of Pedro Sánchez and which, paradoxically, marked the beginning of hostilities with Oughourlián. LPO was able to confirm this from sources familiar with the conversation. Manzano has strong investments in Argentina and other South American countries in sectors such as energy, logistics, construction, and the media. The Amber fund, the controlling shareholder of the company that publishes the newspaper El País, is seeking to sell assets, as reported by Spanish media such as El Confidencial or The Objective. Manzano, Vila, Scaglione, and Belocopitt acquired Telefé. Initially, Amber offered Manzano to transfer the entire radio business of Prisa in Latin America, where the group controls influential stations such as Caracol in Colombia, Radio W in Mexico, and ADN Radio in Chile. However, the entrepreneur expressed his interest in the morning newspaper Cinco Días. It was acquired by Prisa in 1989.
