Televisa Posts in Line Start to Transition Year; Broadband Remains a Key Growth Source
Grupo Televisa reported an in line start to 2019, a slight relief after a challenging 2018 for the Mexican media giant. The company continues to make strides in turning its businesses around. Broadband, both fixed line and fixed wireless, remains a bright spot for the firm. The government's decision to slash advertising spending by 50% across the board continues to hamper the outlook for advertising revenue growth. We are maintaining our wide economic moat rating for Grupo Televisa and our fair ...
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