Q´hubo
The Q’hubo newspaper is the Colombia’s main popular newspaper. It has a local edition in each of the 12 departments in which it circulates. It is printed in colour. It is an example of yellow journalism, using large images with little text. The name and structure is consistent across all 12 local editions. Q'hubo arose as a strategy to deal with the economic crisis of print media through unifying various local popular newspapers under a single brand.
It is owned by Grupo Nacional de Medios S.A., composed of regional media companies that also publish recognized traditional regional newspapers such as El Colombiano, El País, Vanguardia Liberal, El Universal.
History and recent developments:
The popular newspaper Q'hubo was driven by the Grupo Nacional de Medios S.A. (GNM) in October 2008. The creation of a national newspaper was achieved through the unification of the popular local newspapers El País of Cali (Q'hubo), El Colombiano of Medellín (La Chiva), Vanguardia Liberal of Bucaramanga (Nuestro Diario) and El Universal of Cartagena (Nuestro Diario). The companies that own these newspapers are the partners and owners of Grupo Nacional de Medios.
The Q'hubo brand, created in 2005 in Cali by El País S.A. was judged to be the most appropriate for a national project.
According to the General Media Survey EGM Q'hubo was the most widely read newspaper in Colombia in 2015, significantly ahead of its nearest rival: the free newspaper ADN of the El Tiempo publishing house.
Audience Share
38 %
Ownership Type
Private
Geographic Coverage
Barranquilla, Bogotá, Bucaramanga, Cali, Cartagena, Cúcuta, Ibagué, Manizales, Medellín, Pereira, Sur de Santander, Valledupar.
Content Type
Paid Content
Media Companies / Groups
Grupo Nacional de Medios S.A.
Ownership Structure
The Grupo Nacional de Medios arose as an alliance of regional press media companies with significant regional and national political influence. El Colombiano S.A. & CIA S.C.A is the major shareholder, which in turn is controlled by the Gomez and the Hernandez families. The remainder belongs to El País S.A. (Of the Lloreda family) and Inversiones Galvis Ramirez (of the Galvis family).
Voting Rights
No Data
Group / Individual Owner
El Colombiano S.A. & CIA. S.C.A. (Medellín)
A company owned by the Gómez and Hernández families from Antioquia, which publishes the El Colombiano newspaper, among other media.
Through this company the Gómez and Hernández families have an equity stake in Colprensa S.A. (30.53%), in Ediciones El Globo S.A. (49.97%), the owner of the financial newspaper La República and in Periódicos Asociados Comercializadora Ltda. (33.33%).
El País S A (Cali)
A company owned by the Lloreda family of Valle del Cauca, which publishes El País newspaper, among other media.
Through this company, the Lloreda Family has a stake in Colprensa S.A. (23.95%) and in Periódicos Asociados Comercializadora Ltd. (33.33%).
Inversiones Galvis Ramírez Y CIA. S.A.S.
Publishing company of the El Universal newspaper in Cartagena. Its general manager is Gerardo Araujo Perdomo. The Galvis family has a majority shareholding in the company (61%). Through this company the Galvis family is a shareholder of Colprensa S.A. (9.44%) and of Periódicos Asociados Ltd. (11.11%).
General Information
Founding Year
2008
Founder
A regional media alliance consisting of companies from the Lloreda del Cauca, Gómez & Hernández de Antioquia and Galois de Santander families | The National Media Group’s (GNM) Q'hubo project began on 1 October, 2008 in an effort to unify different local
Ceo
Jorge Alberto Rangel Gómez | He was manager of TV Cable Promisión S.A. (1992-2008), company sold in 2007 to UNE EPM.
Editor-In-Chief
There is believed to be an editor-in-chief in each of the 12 departments where Q'Hubo publishes.
Other Important People
Alternate Manager. Current General Manager of COLPRENSA.
President of El Colombiano S.A. & S.C.A. A member of the editorial board of El Globo S.A. – La República, Grupo Nacional de Medios S.A. and COLPRENSA S.A.
General Manager and member of the board of El País S.A.
He is the Manager of the Vanguardia Liberal newspaper, President of ANDIARIOS and member of different boards of various media companies. His father is Alejandro Galvis Ramírez, a well-known businessman in the regional media sector.
Member of the board of the Grupo Nacional de Medios S.A. and Ediciones El Globo S.A – La República.
He holds the position of Business Manager for El País. S.A.
Manager of Editora del Mar S.A., a business in which Alejandro Galvis Ramírez is the majority shareholder. He is the brother of the politician and former minister Fernando Araujo Perdomo.
Contact
Dirección: Calle 25DBis No 102A-63 / Bogotá D.C.Teléfono: (1) 7425050.Sitio web: www.qhubo.com/
Financial Information
Revenue (in Mill. $)
USD $ 5.956.810/ COP $17.473 millions
Operating Profit (in Mill. $)
USD $ 188.526/ COP $ 553 millions
Advertising (in % of total funding)
No Data
Market Share
No Data
Further Information
Meta Data
Financial information: exchange rate: 1 USD = 2.933,28 COP
Information about the company and its board, and its financial information is difficult to find. So is the information about the operation of the Q’hubo regional editions.
Sources
Cámara de Comercio (2014). Acta No. 09 Asamblea Extraordinaria de Accionistas, Grupo Nacional de Medios S.A., del 29 de abril de 2014.
Cámara de Comercio (2013). Cartas de aceptación para integrar la Junta Directiva del Grupo Nacional de Medios, del año 2013
Cámara de Comercio (2013). Certificado de Existencia y Representación Legal, Grupo Nacional de Medios S.A., del 26 de marzo de 2013.
Cámara de Comercio (2015). Registro Único Empresarial – Formulario de Renovación de la Matrícula Mercantil 2015, Grupo Nacional de Medios S.A.
