Spain's Prisa explores selling stake in Mexican radio stations -sources [Reuters]
Grupo Televisa S.A.B. (TV)
US:NYSE Investor Relations:
televisair.com
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Source: Reuters
Spain's Prisa explores selling stake in Mexican radio stations -sources | Reuters 3 Min Read MEXICO CITY, July 30 (Reuters) - Spanish media firm Prisa is considering selling its stake in Televisa Radio, a network of popular Mexican stations held in a joint venture with broadcaster Grupo Televisa, two people with knowledge of the matter said. Televisa, the world’s largest producer of Spanish-language TV content, said on its earnings call this month that it is seeking to sell its radio business as part of a larger effort to slim down the company and focus on its core strengths. But some prospective buyers would like to have more control over the stations, which Prisa operates, one of the people said. The Madrid-based firm had not been looking to sell but may be willing to part with its stake for a good price, the person added. It is difficult to determine the potential value of the unit because Televisa lumps its revenues into an “other businesses” category, including gaming and publish
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News
- Grupo Televisa, S.A.B. (NYSE: TV) was downgraded by analysts at Bank of America Co. from a "buy" rating to a "neutral" rating.MarketBeat
- Grupo Televisa, S.A.B. (NYSE: TV) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Grupo Televisa, S.A.B. (NYSE:TV) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
TV
Sec Filings
- 4/11/24 - Form 6-K
- 4/10/24 - Form 6-K
- 4/3/24 - Form 6-K
- TV's page on the SEC website