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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.

Full Content: Bloomberg

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