He spent more than 21 years at Univision Communications prior to its merger with Televisa, exiting in 2021 as Chief Operating Officer and Chief Financial Officer. Since August 2022, he’s served as President/COO and CFO of an entity backed by a George Soros-affiliated fund that acquired a group of radio stations from his former employer to serve as its foundation.
Now, he has stepped into the top slot at the company following the departure of its CEO.
Marc Monahan has stepped into the interim Chief Executive Role at Latino Media Network.
RBR+TVBR has independently confirmed that Monahan assumed the role at the end of May; it was not publicly shared until July 2. He takes a position that had been held by Sylvia Banderas Coffinet, who was announced as LMN’s CEO in May 2023.
Banderas Coffinet was based in New York and previously served as General Manager for Marketing Equity & Inclusion Partnerships for Vox Media. Previously, she held such roles as Chief Revenue Officer & Publisher at HELLO & ¡HOLA! Media Inc.; National Advertising Director at PEOPLE en Español; as Beauty Director roles at Conde Nast’s Glamour; and Beauty Edtior at Latina Media Ventures’s Latina Magazine.
A company spokesperson tells RBR+TVBR, “Her leadership was critical for our company at one of the most important moments in our history. As our first CEO, she stepped up to steward the organization through our first full year in business. Our co-founders, Stephanie Valencia and Jessica Morales Rocketto, have no doubt this team will continue to thrive and excel as LMN moves into its next phase of growth.”
The LMN representative adds Manahan will serve as interim CEO “until we determine the longer term trajectory of leadership.”
The Latino Media Group Leadership Team
- Marc Manahan – Interim CEO, President and CFO
- Aleksandra Cuprys – Chief Legal Officer
- Rosie Tifre – Chief Revenue Officer
- Ken Wilkey – EVP/Technology, Operations & Facilities
- Olga Patarroyo – EVP/People, Talent & Culture
- Carolina Mendez – Executive Creative Services Director
LMN acquired 17 radio stations in ten cities from TelevisaUnivision. The $60 million transaction saw Latino Media Network secure debt financing from an investment entity affiliated with Soros Fund Management LLC. Efforts to thwart regulatory approval of the transaction were denied by the FCC.
