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Mexico: Authorities fine Televisa for second time in five months

By  |  January 23, 2013
Mexico: Authorities fine Televisa for second time in five months

According to a press release by Mexico’s competition authority the CFC, the authority has fined its largest televsision broadcasting company $4.5 million for breach of merger commitments. The press release states that the CFC has fined Televisa for the secont time in the last five months for the same violation. The violations concern Televisa’s acquisition of Cablemas, a pay television provider, in 2007. Accoring to the press release, Televisa agreed to not place competing pay-TV companies’ employees on its board of directors; apparently, Televisa has failed to comply with that agreement. The full press release can be read by clicking the link below.

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    Click here to read the full press release

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