Mogul May Seek Control of Circuit City

The Mexican media mogul who purchased a large chunk of stock in Circuit City this month may be looking to purchase a controlling interest in the bankrupt CE retail giants.

In an SEC filing this week, cited by Reuters, Ricardo Salinas Pilego expressed interest in "possibly seeking influence over the management, business and operations" of Circuit City. Salinas now owns 47.2 million shares of the company, about 28 percent of its stock; he paid $41.4 million.