Cox Media Group said Wednesday that it has sold Mundo Hispánico to Mundo Hispano Digital Network (MHDN), a tech-focused media company created to serve the growth and needs of the US Latino community. Terms of the deal were not disclosed.
According to a report in the Atlanta Journal Constitution, MHDN is a group led by former Georgia state Sen. Sam Zamarripa, now CEO of Intent Solutions of Atlanta, and two partners with strong ties to the local Hispanic community: Vamos Ventures founder Marcos Gonzalez and Rene Alegria, most recently CEO of a digital health and wellness portal SaludMovil.com.
Mundo Hispánico launched in 1979 and has served as metro Atlanta’s largest Spanish-language newspaper for more than four decades. The Atlanta Journal Constitution (which is owned by Cox Media Group), purchased Mundo Hispánico in 2004 and rapidly expanded its digital reach through a website launched in 2015 that now includes more than 4.5 million Facebook followers and “MiMundo” communities that focus on topics like fashion and money.
“We are excited that Mundo Hispánico has found a new home with owners who are committed to continue offering quality news coverage to the growing Latino community in Atlanta and across the country,” said Cox Media Group president Kim Guthrie in a statement. “The new owners have deep ties to and demonstrated involvement in the Hispanic community and are a perfect match with our talented and passionate group of Mundo employees.”
The new Mundo Hispánico headquarters will be located in the heart of Atlanta’s Hispanic business district at 5269 Buford Highway, Atlanta, GA, 30340.
"Mundo Hispánico has long-served as a dynamic and trustworthy news source for the Latino community in Atlanta. That solid foundation, coupled with our mission to strengthen Atlanta’s position as a center for Hispanic media in the country, really solidifies this acquisition. It makes perfect sense for us and we’re excited to get started," said MHDN CEO Rene Alegria in a statement.