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General

Televisa Q4 revenues up 0.3% to MXN 10.6 bln, profit plummets on lower ad sales

Friday 22 February 2019 | 10:03 CET | News
Mexican broadcaster and cable operator Grupo Televisa reported total revenues of MXN 10.6 billion in the fourth quarter of 2018, up 0.3 percent on the year-earlier result, mainly due to the return to growth of its cable segment. However, fourth-quarter net profit fell by around 84 percent year on year on the back of lower advertising revenue prompted by weaker government spending, said Televisa. The company also concluded a review on whether or not to spin off some of its divisions, including its cable, content and Sky units, and decided not to proceed with the plan, continuing remain as a

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Categories: General
Companies: Axtel / Sky Mexico / Televisa
Countries: Mexico
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