Inversiones Newscorp S.A.C. and businessman Emilio Rodríguez Larraín Salinas completed the purchase of a 62.9% controlling stake in Grupo El Comercio, Peru's largest media conglomerate, on 22 October 2026, the company said in a filing to the SMV.
Why Inversiones Newscorp S.A.C. and Emilio Rodríguez Larraín Salinas is buying Empresa Editora El Comercio S.A. (Grupo El Comercio) – 62.95% stake
The new shareholders said their investment will strengthen the group's technological, journalistic, entertainment and innovation capabilities, modernise its digital operations and broaden its reach among younger audiences, while keeping editorial independence as a guiding principle.
Deal terms and financing
A total of 173,671,569 common shares of Empresa Editora El Comercio S.A. were transferred. Inversiones Newscorp now holds 51.0000851% and Rodríguez Larraín 11.9463292%. The price was not disclosed.
Regulatory approvals and timing
The transfer followed a judicial decision on 21 October that lifted a precautionary measure, requested by minority shareholders, which had prevented the sale. The dispute over the sale will continue to be resolved through arbitration.
Market context
Grupo El Comercio, with more than 185 years of history, spans newspapers, digital platforms, entertainment and free-to-air television. The deal ends the Miró Quesada family's control. Manuel García Miró Bentín spoke for the selling shareholders, and Francisco Picasso joined the board with the new owners.
