UPDATE 1-Mexico broadcaster Televisa to slash investment in 2017

Feb 23 Mexico’s Grupo Televisa said on Thursday that it would slash its capital expenditures by more than a third to around $1 billion in 2017 as it prepares for tougher times with a weaker Mexican peso. The broadcaster and world’s largest Spanish-language content provider said most of the cuts would come in its cable division, which had almost finished a large network upgrade anyway.