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Bosch confirms: We're out
This media group—which has a huge presence in our own news landscape too—is exiting Mexico in a pretty controversial way that clearly carries heavy political undertones. Does anyone know more about this? What do you guys think?
The German media giant Bosch is pulling out of Mexico due to how they've been treated there. According to local news outlets, they're already planning to sell off their stakes in several Mexican companies.
Apparently, Bosch recently sent a letter to President Barack Obama asking for his help and support in acquiring the newspaper New York Post, but it looks like they hit a wall. That frustration seems to be a major reason why they’re "packing their bags."
Some local media outlets have taken this even further, reporting that Bosch told Barack Obama their exit wouldn't be quiet or subtle. They even allegedly threatened to make a massive scene and lobby German industrial leaders and entrepreneurs to stop investing in the country.
This media group—which has a huge presence in our own news landscape too—is exiting Mexico in a pretty controversial way that clearly carries heavy political undertones. Does anyone know more about this? What do you guys think?