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Televisa sales up 3% in Q1, profit falls on govt ad cuts

Tuesday 30 April 2019 | 15:12 CET | News
Mexican broadcaster and cable operator Grupo Televisa reported total revenues of MXN 23.4 billion in the first quarter of 2019, up 2.6 percent on the year-earlier result thanks to vastly improved cable sales, up 14.2 percent year on year to MXN 9.9 billlon. However, the company's quarterly profit fell by 13.8 percent to MXN 858.1 million in the January to March period, attributed to a significant drop in advertising sales to government entities. The company said it expected a 50-percent drop in government spending over the course of the year because "the new government is implementing a

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Categories: Broadcast & Satellite / Fixed
Companies: Sky Mexico / Televisa
Countries: Central America / Mexico
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