Diario Correo

Correo was founded in 1962 by fishing businessman Luis Agois Banchero. In 1974 it was confiscated by a left-wing military dictatorship, which went so far as to halt circulation in the early 80s. On November 21st 2000, after the fall of Alberto Fujimori’s government, the newspaper was relaunched at a price of 50 cents and established itself as an innovative formula of political journalism in tabloid format. At that time the newspaper market was dominated by “El Comercio” and “La República”. In the last 16 years Correo has had directors such as Juan Carlos Tafur (2000-2005), Aldo Mariátegui Bosse (2005-2013) and Iván Slocovich, currently in office. It currently has 16 editions nationwide and is the leader in readership in the country, to the point where it reached over 70% distribution to the country’s provinces in 2012, according to the “Sociedad de Empresas Periodísticas del Perú (Peruvian Society of Media Enterprises) (Sepp)”.

Key facts

Audience Share

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Ownership Type

Private

Geographic Coverage

National coverage

Content Type

Paid content

Data Publicly Available

ownership data is easily available from other sources, e. g. public registries etc.

2 ♥

Media Companies / Groups

Grupo El Comercio (hoy Vigenta Inversiones S.A.)

Ownership

Group / Individual Owner

Olga Ana Rosa Banchero Rossi de Salazar

Sister of the Peruvian fishing businessman Luis Banchero Rossi. She was the late Enrique Agois Paulsen’s first wife, with whom she had four children: Luis Manuel (now chairman of the board, and owner of 11% of the shares, at Prensmart), Carlos Óscar (5%), María Gabriela Agois Banchero (5%).

20%
Media Companies / Groups
Facts

General Information

Founding Year

1962

Founder

Luis Banchero Rossi

Affiliated Interests Founder

Founder of Empresa Periodística Nacional S.A.- Epensa (known as Prensmart since 2014) was a fishing tycoon born in Tacna in 1929, on the border with Chile. He made his fortune by working in the flour and fish oil export business. He also held the position of director of the Banco de Crédito del Perú (Credit Bank of Perú), one of the country's leading banks. He was assassinated in 1972. 100% of the shares in Epensa (which were confiscated between 1974 and 1980 by a left-wing military dictatorship) were passed onto his sister Olga Banchero Rossi, whose first husband was the engineer Enrique Agois Paulsen.

Ceo

Luis Manuel Agois Banchero

Affiliated Interests Ceo

Peruvian economist born in Lima in 1955. Son of the late Enrique Agois Paulsen and Olga Banchero Rossi. He is also the fishing tycoon Luis Banchero Rossi’s nephew. He has been shareholder and chairman of the board at Epensa (now Prensmart) since 2014. After the fall of Alberto Fujimori's regime, Congress asked the Public Prosecutor's Office to investigate Luis Agois for being part of Vladimiro Montesinos’ criminal organization, resorting to the deactivated Servicio de Inteligencia Nacional (National Intelligence Service) (SIN), and selling the editorial line of his media organizations in exchange for money in order to promote the third re-election of Fujimori. Faced with a government inquiry, Agois Banchero admitted to visiting the SIN, but that he refused to receive money from the former presidential candidate. "I only went to meet him [twice in 1999] to talk about national issues such as signing the peace agreement with Ecuador", said Luis Agois. The anti-corruption prosecutor investigated the case because of the declarations made by former representatives of Montesinos, but the case was archived in 2004. Since then, the process has been forgetten. * In 2008, Agois presided over the NGO Sociedad de Empresas Periodísticas (Society of Media Companies) (SEP), which brought together “El Comercio”, “La República” and Epensa itself, among other printed media organizations. Three years later, he received an official award from the president of Congress, Luis Zumaeta, member of the then president Alan García’s party. In 2013, Agois Banchero was one of the shareholders who participated in the controversial process of selling his shares in Epensa to “El Comercio”, after the same operation failed with “La República”. In November of the same year, a group of eight journalists reported Agois, his mother, his brothers and “El Comercio” for violating freedom of expression and information laws due to the aforementioned commercial operation. The case is still with the Judicial Authorities. Agois is currently a member of the Board of Directors at the Consejo de la Prensa Peruana (Peruvian Press Council).

Editor-In-Chief

Iván Slocovich Pardo

Affiliated Interests Editor-In-Chief

Peruvian journalist (Lima, 1943). He was editing director of the Correo Norte newspaper (covering the regions of Tumbes, Piura, Lambayeque, La Libertad and Chimbote). He assumed the post of national director of Correo in 2013. Most of his career as a journalist was developed at Prensmart.

Other Important People

César Pardo Figueroa Turner, José Antonio García Miró Miró Quesada, Luis Miró Quesada Valega

Affiliated Interests other important people

César Pardo Figueroa Turner

Industrial engineer. He has held the position of General Manager of El Comercio for 20 years and is also a director of the other subsidiaries in the “El Comercio” group.

Contact

Dirección: Jr. Jorge Salazar 171, La Victoria. Lima

Teléfono: 51-6311111

Página web: www.diariocorreo.pe

Financial Information

Revenue (in Mill. $)

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Operating Profit (in Mill. $)

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Advertising (in % of total funding)

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Market Share

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Further Information

Meta Data

Difficulty in identifying its total revenues and the funding received from private advertising and its market share

Sources Media Profile

Página web corporativa del Grupo El Comercio

http://grupoelcomercio.com.pe/corp.php

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