contemporary newspaper general information which originates in the weekly magazine Cambio 16. Was first published on October 18, 1976, with Luis Gonzalez Seara as President and Juan Tomás de Salas as Director General. Its main objective was to monitor closely the progress of the State to prevent the enormous concentration of power in the hands of a few obliterate the freedom of many and drag the country and it was used for a similar period of change 16.
During the first months as director Ricardo Utrilla, there were economic difficulties. In March 1977 a journalist named new director Miguel Angel Aguilar, whose office faced the difficulties arising from the lack of freedom release that still existed in the country. Several editors were brought to trial for some of its articles. Journal 16 also was one of those who supported the legalization of the Communist Party of Spain. The newspaper also made several allegations of attempted coups against the monarchy as Operation Galaxy. On June 26, 1977 Diario 16 suffered an attack on his headquarters by the terrorist group GRAPO.
Despite the difficulties, during these years the paper was consolidated informatively, settling well as a publication in the premium placed on research. However, Aguilar was dismissed in May 1980 by the decline chuck and the lack of advertising revenue, giving way to Justin Sinova as interim director.
arrived in May 1981 to address Peter J. Ramirez, from ABC. The first change was editing, so it became a morning newspaper and the first post-Franco English newspaper that published his edition seven days a week.
During the following years the advertising and circulation revenue rose, gaining more readers, and color pages appeared hitherto reserved for some special events as well as several thematic supplements.
In 1987 came the period of greatest impact to the newspaper with the opening of the GAL case and the discovery of a hideout with information essential to the investigation by one of its reporters, Ricardo Arqués, who investigated the case from his previous work in the Journal Deia. The follow-up investigation of the case led to several disputes between the Director and Editor. After the dismissal of Peter J., Salas gave the address to Enrique Badia. Similarly, in April 1989, the Hersant group bought 31% of Group 16. Badia was dismissed in April 1990 and his place was taken by Justin Sinova.
In 1992 came to the direction of Group 16 José Luis Gutiérrez intended to overcome the poor financial situation. In 1993 Juan Tomas de Salas sold the shares as editor businessman Jesús Ramón-Laca. The newspaper remained in sales but the employment situation among the workers, who were not paid payroll, and leadership, he even led to strikes in which the newspaper was not published for several days. To overcome the crisis the Madrid Assembly unanimously approved the granting of a guarantee to save the day.
Diario 16 in 1995 became the businessman José Luis Dominguez, returning to undergo remodeling design and content, through a differentiated offering to show the rest Madrid newspapers to try to overcome the crisis and the loss of readers caused by the complicated internal situation in the newspaper. But in December 1995, 16 Journal Imprensa declared bankruptcy. In 1996 the crisis had caused up to 4 directors in less than a year.
Although other publications of Group 16 to settle the crisis, the newspaper continued to accumulate losses. 16 Journal editors had a convention to creditors to try to resolve their debt, but the rejection of these creditors caused the deadline for submission of solutions. On May 21, 1997 Journal published on the cover 16 distress call to his readers to start a fundraising campaign, encouraging them to make voluntary donations that could cover part of their debt. In July of that year, the publishing company decided to request the statement Impresa voluntary bankruptcy. After approving the plan workers feasibility, Salas left in October to address the paper, which was finally sold at public auction in December.
In early 1998 the newspaper was put to public auction. Voice Group bought in January 1998 the head of Diario 16. The relaunch of the newspaper was produced on 5 May of that year. The newspaper opted to strengthen the computer graphics and color in its pages, the summary went on to open the newspaper, and also its advertising pages identified as such. During the following months and since its relaunch the paper recovered a rather more serious tone, and a commitment to the SOS book came to be introduced in the journal covers topics related to culture or environment. Finally, in April 2000, the day turned to undergo a change that affected the logo graphic (also going to be called "Open Journal") and interior design.
The situation changed in 2001 when Grupo Voz had an overdraft of 200 million pesetas generated directly by Diario 16, which caused the return of James King at the address Voice, leaving developers to buy the newspaper out.
In August, he devised a plan of complete renovation of the newspaper while shareholders have promised to find shareholders willing to invest in the newspaper. There were two interested investors, but both were withdrawn after the attacks of 11 September.
The Voice Group October 31 went on sale the head of Diario 16 at the symbolic price of a quarter, but the latest potential buyer, a group dedicated to the Valencian press, withdrew from the bidding. After having dragged heavy losses without achieving any buyer, The Voice of Galicia announced in November a record of regulation of employment of all employees of Diario 16 and its closure after 25 years, published its last issue on November 7, 2001.
Source: Wikipedia
Source: Wikipedia
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