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Cooperative Proceso

Cooperative Proceso

According to the web page of the weekly journal Proceso, managed by the company Comunicación e Información S.A. de C.V., the majoritarian shareholders whose names are public, are: Francisco Álvarez Romero, Estela Franco Arroyo, Salvador Corro Ortíz, Rafael Rodríguez Castañeda and Julio Scherer Ibarra.

Estela Franco Arroyo is one of the most known Latin American writers in the region; Salvador Corro Ortiz is a journalist and deputy director of the weekly journal; Rafael Rodríguez Castañeda is a journalist and the director of the journal; and Julio Scherer Ibarra is a lawyer and son of the founder of Proceso, Julio Scherer García.

Among the minority shareholders there are journalists, writers, academics, intellectuals and ordinary citizens who, according to the founders of the journal, have been investing in shares in value of even 500 Mexican pesos to help launching the weekly journal. This was a response to the massive layoff and harassment suffered by dozens of critical journalists whose investigations were censored in the 1970s by the federal government.

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Julio Scherer Ibarra - Son of the founder of Proceso and current campaign coordinator for the presidential candidate Andrés Manuel López Obrador. Until the death of the founder of Proceso Julio Scherer in 2015, he was the major shareholder and President of the Managing Board.

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