Televisa sells 50% stake in home shopping channel

Wednesday 14 March 2018 | 09:29 CET | News

Mexican broadcaster Grupo Televisa has announced an agreement to sell its 50 percent stake in Televisa CJ Grand, a joint venture with Korea's CJ O Shopping Co. In a brief statement, the company said it took the decision to divest its stake in the home shopping channel as part of an ongoing review of its portfolio of assets, which includes the disposal of non-core operations. Televisa said it will continue to provide certain services to CJ O Shopping for the continued production and distribution of the channel.

Mexico’s Supreme Court recently ruled that Televisa does not have “substantial power” in the pay-TV market after the company appealed against a decision issued by telecom regulator IFT a year ago.


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