A PYMNTS Company

Mexico: Televisa moves deeper into pay-TV territory with buyout

By  |  August 1, 2013

Grupo Televisa announced a $745 million buyout that lands Cablecom under its control in a move reports say strengthens the media group’s stance in the pay-television market. The acquisition, which includes the assumption of $549 million in debt, has Televisa acquiring a 95 percent stake in Tenedora Ares, which also controls 51 percent of Cablecom. The merger was filed on Thursday. Televisa is currently the globe’s largest Spanish-language broadcaster and is looking to cable and satellite for income and depend less on over-the-air television advertising. The deal is only the latest in a series of high-profile media mergers; over the last company, Televisa has bought two cable carriers, a telecommunications firm as well as a wireless telelcom provider.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Bloomberg

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.