The Ferre Media Group Essay

681 WordsFeb 4, 20133 Pages
The Ferre Media Group The Ferre Media Group case talks about a family business starting out as the Puerto Rican Cement Company in the 1940s, with a grandfather and son, Luis A. Ferre or Antonio’s father. But, Over the years and a few generations on, by the mid- 1960s tension and sibling rivalry started. Antonio Luis Ferre and his brothers divided the companies and their shares rather than to risk further family disharmony. After 8 years one sibling, Antonio Luis Ferre bought his father dying newspaper El Dia, in hoping to turn the newspaper company into the largest and most influential newspaper in Puerto Rice. After 2 ½ years into it, El Nuevo Dia had become an important editorial voice. The Ferre Rangel family represents the fourth…show more content…
Since Antonio was so committed in orderly transferring the power to the next generations, his next priority was to make sure the next generation paid attention the details. Antonio felt that the newspaper business lived and died by those details and by its reputation for responsible citizenship and journalistic independence. In order this to succeed Antonio presented himself as a role model, he believed this was the best way to lead by example to show his work ethics, compassion and love towards his work and to others. To ensure the continuation of the spirit of enterprise and Ferre Media Group’s history of innovation, Antonio should welcome other ideas and values. So, having the family meetings helped tremendously build new ideas and encourage individual aspirations. Antonio said he wanted these meetings to help stop conflicts between the siblings and built strong relationships with one another. Antonio wanted the family to express and listen to other opinions and understand the different perspectives because without it, to him, it was consider a competition. Family unity was the utmost priority and with much communication, listening and compromising, trust was built. And so in collaboration with fourth generation members to continue to grow the family business Antonio helped launch the new paper Primera Hora in 1998 and a Spanish language newspaper

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