Investing
Mexico’s Televisa swings to net loss in third quarter
© Reuters. The logo of broadcaster Televisa is seen outside its headquarters in Mexico City, Mexico, December 14, 2022. REUTERS/Raquel Cunha/File photo
MEXICO CITY (Reuters) – Mexico’s largest broadcaster Televisa on Thursday posted a 4.8% dip in third-quarter revenues that swung its earnings into a net loss.
Televisa, whose share price suffered last week as traders predicted more troubles for its cable and satellite units, reported a net loss of 918.5 million pesos, compared to a profit of 1.12 billion pesos a year earlier.
Read the full article here