Spanish-language Hemisphere Media Group explores sale -sources [Financial Post (Toronto, Ontario, Canada)]
Grupo Televisa S.A.B. (TV)
US:NYSE Investor Relations:
televisair.com
Company Research
Source: Financial Post
options that include a potential sale, according to people familiar with the matter. The sale deliberations come amid a wave of dealmaking in the Spanish-language TV industry. Hemisphere's bigger rival Univision Communications Inc agreed in April to merge with Grupo Televisa SAB's media assets in a $4.8 billion deal, amid competitive pressure from Comcast Corp's Telemundo. 19 best online deals in the Canadian retail space right now Advertisement Advertisement Article content Hemisphere is working with advisers on the potential sale, which could attract other companies and private equity firms, the sources said. There is no certainty that any deal will be reached, the sources added, requesting anonymity to discuss the confidential matter. A spokesperson for Hemisphere declined to comment. Programming targeting Spanish-speaking viewers has become a key battlefield in the war for eyeballs among media companies, including Netflix Inc and Amazon.com Inc's prime service. The
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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