Reported 1 day ago
Grupo Televisa, Mexico's largest broadcaster, has cut its 2025 capital spending from $665 million to $600 million, citing better supplier terms. Despite this reduction, shares rose 3.3%, reflecting a 30% increase year-to-date. The company reported a net profit of 474.5 million pesos for Q2, recovering from a loss the previous year, although revenues fell by 6% overall due to declines in subscriptions, especially in its SKY satellite unit.
Source: YAHOO