Grupo Televisa, S.A.B. CPOs (TLEVISACPO.MX)
- Reuters
UPDATE 2-Mexico's Televisa swings to $58 mln profit, but revenue underperforms
Mexico's largest broadcaster Televisa reversed losses in the first quarter, swinging to a profit after a favorable exchange rate and smaller debt burden helped cut financial expenses by nearly half, the company said on Thursday. Net profit reached 951.8 million pesos ($57.6 million) in the January-to-March period, from the 788.9 million peso loss in the same quarter last year, Televisa reported in a filing to Mexico's stock exchange. During the quarter, company revenue fell about 5% from the year before to total 15.95 billion pesos, but below the 16.87 billion pesos expected by analysts polled by LSEG.
- Bloomberg
Mexico’s Televisa to Buy Remaining Sky Stake From AT&T
(Bloomberg) -- Grupo Televisa SAB will buy AT&T Inc.’s stake in paid TV business Sky Mexico. Most Read from BloombergTexas Toll Road Takeover to Cost Taxpayers at Least $1.7 BillionS&P 500 Falls 1% as Oil Jump Spurs Flight to Bonds: Markets WrapApple Explores Home Robotics as Potential ‘Next Big Thing’ After Car FizzlesKim Jong Un Faces Annihilation in Most Korea War ScenariosBiden Tells Netanyahu US Support Hinges on Protecting CiviliansAfter the deal, Televisa will own 100% of Sky, the company
- Reuters
Mexican broadcaster Televisa buys out AT&T's stake in Sky Mexico
MEXICO CITY (Reuters) -Mexican broadcaster Televisa said on Wednesday it reached an agreement with AT&T for its stake in satellite TV unit Sky Mexico, giving Televisa full control of the firm. In a filing, Televisa said the payout would happen over 2027 and 2028, but it did not provide the cost of the deal. It said the current head of its cable TV and internet service Izzi, Francisco Valim, would also lead Sky.
