Interjet’s Aleman Is Ordered to Pay $32 Million to Televisa

A court ordered businessman Miguel Aleman Magnani to pay 624 million pesos (about $32 million) to broadcaster Grupo Televisa SAB in a dispute over a radio-station deal, ratcheting up the financial pressure on a tycoon who also controls debt-laden Interjet airline, Bloomberg News reported. Televisa had agreed in July to sell its 50% stake in radio operator Sistema Radiopolis to Corporativo Coral, a company controlled by Aleman Magnani, who also is named in the court ruling. The deal was for 1.25 billion pesos but the buyers failed to make an initial payment for about $32 million, Televisa said in October. “We are exercising all our legal options in the face of serious breaches of contract,” Televisa said in a statement applauding the decision. Coral and Aleman Magnani have five business days to make the payment plus interest and legal costs incurred by Televisa, according to the Feb. 27 order by a judge in Mexico City. Read more

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