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.
Category: Grupo Televisa SA
Univision wins FCC waiver to allow its Mexican partner, Televisa, to increase ownership stake
The Federal Communications Commission has approved a measure that relaxes foreign ownership rules to enable Grupo Televisa of Mexico to claim a larger stake of the U.S. Spanish-language broadcasting giant Univision Communications. Univision’s chairman, Haim Saban, has been lobbying the FCC for the waiver for more than three years.