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Grupo Televisa, S.A.B. (TV)

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2.9199-0.0801 (-2.67%)
As of 01:19PM EDT. Market open.
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  • Bloomberg

    Mexico’s Televisa to Buy Remaining Sky Stake From AT&T

    (Bloomberg) -- Grupo Televisa SAB will buy AT&T Inc.’s stake in paid TV business Sky Mexico. Most Read from BloombergTexas Toll Road Takeover to Cost Taxpayers at Least $1.7 BillionS&P 500 Falls 1% as Oil Jump Spurs Flight to Bonds: Markets WrapApple Explores Home Robotics as Potential ‘Next Big Thing’ After Car FizzlesKim Jong Un Faces Annihilation in Most Korea War ScenariosBiden Tells Netanyahu US Support Hinges on Protecting CiviliansAfter the deal, Televisa will own 100% of Sky, the company

  • Reuters

    Mexican broadcaster Televisa buys out AT&T's stake in Sky Mexico

    MEXICO CITY (Reuters) -Mexican broadcaster Televisa said on Wednesday it reached an agreement with AT&T for its stake in satellite TV unit Sky Mexico, giving Televisa full control of the firm. In a filing, Televisa said the payout would happen over 2027 and 2028, but it did not provide the cost of the deal. It said the current head of its cable TV and internet service Izzi, Francisco Valim, would also lead Sky.

  • Reuters

    UPDATE 1-Moody's downgrades Mexican broadcaster Televisa's rating to Baa3

    Ratings agency Moody's downgraded Mexican broadcaster Televisa's rating to Baa3 from Baa2, while maintaining its outlook stable, it said in a statement on Friday. The downgrade was mainly driven by forecasts predicting Televisa's leverage should remain high in 2024, and expected pressure on margins due to operational challenges such as a decline in its DTH (Direct-To-Home) business, Sky, and a competitive Mexican market. Nonetheless, Moody's maintained a stable outlook on the firm based on the view Televisa will successfully implement its strategic plan and maintain growth, the statement said.