President Zedillo Concedes — First PRI Concession in History

Outgoing PRI President Ernesto Zedillo delivers a live televised concession speech the same night as the election, congratulating Fox and calling the result 'a triumph for Mexico's democracy.' This is the first time in 71 years that a PRI president voluntarily conceded power following an electoral defeat. The peaceful transfer sets a landmark democratic precedent for Mexico.