UPDATE 1-Mexico's Televisa says studying whether to keep divisions together [Reuters]
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Source: Reuters
Mexico's Televisa says studying whether to keep divisions together | Reuters Reuters Staff 4 Min Read MEXICO CITY (Reuters) - Mexican broadcaster Televisa said on Wednesday that it was considering whether to keep the company intact or to spin off some divisions, as it tries to adapt to a changing media market and shore up advertising. Like other media companies, Televisa ( TLVACPO.MX ), Mexico’s largest broadcaster by far, is grappling with the rise of online streaming services and suffered a steep drop in advertising revenue last year. The company is assessing whether to keep its business units together or create separate companies, co-Chief Executive Alfonso de Angoitia said in a conference call with analysts on Wednesday. “We are considering all types of scenarios,” said Angoitia who, along with fellow co-Chief Executive Bernardo Gomez, was promoted to succeed longtime Chief Executive Emilio Azcarraga in January. “This is basically whether it’s good for Televisa but most importan
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