|Bid||11.90 x 1400|
|Ask||11.91 x 800|
|Day's Range||11.59 - 12.04|
|52 Week Range||7.42 - 13.53|
|Beta (5Y Monthly)||0.56|
|PE Ratio (TTM)||21.39|
|Forward Dividend & Yield||0.09 (0.75%)|
|1y Target Est||13.96|
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Our research shows that most of the stocks that smart money likes historically generate strong […]
(Bloomberg) -- An injunction granted to Televisa by a Mexican court will not delay the approval of Walt Disney Co.’s purchase of 21st Century Fox Inc.’s entertainment assets, according to a statement from Mexico’s telecom regulator.The injunction doesn’t deal with the approval of the acquisition, but rather with the finding of an investigating authority that rejected Televisa’s argument that the merger represented an illegal concentration in the industry, according to a statement from the telecom regulator known as IFT.Televisa argued the regulator, which oversaw the deal in Mexico, unfairly dismissed its arguments about threats to competition from the deal, a person familiar with the matter said.According to the statement from the telecom regulator, the judge’s decision is not final, deals only with the regulator’s investigating authority and doesn’t have an impact on the approved acquisition.The IFT said in March it approved Disney’s purchase of the Fox assets on the condition that the companies agree to sell Fox Sports channels and programming rights in Mexico. The regulator gave Disney a six-month extension to sell those assets in November.To contact the reporter on this story: Dale Quinn in Mexico City at email@example.comTo contact the editors responsible for this story: Ney Hayashi at firstname.lastname@example.org, Andrea NavarroFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Mexican broadcaster Grupo Televisa won an injunction against Walt Disney Co's acquisition of Twenty-First Century Fox Inc's assets in Mexico, but Mexico's market regulator said on Thursday that the ruling would not stall the deal. Televisa said the court had ordered the regulator, the Federal Telecommunications Institute (IFT) to review its claim that the merger would create an "illegal concentration" in the Mexican broadcast market. "We are very pleased that the federal judiciary has ordered a full review of the merger in light of the arguments we presented almost a year ago," Televisa said in a statement.
Mexican President Andres Manuel Lopez Obrador said on Thursday his government was ready to mediate in a dispute between the owners of airline Interjet and broadcaster Televisa when asked about the financial health of the Mexican carrier. Last weekend, Mexican media reported that judges had ordered bank accounts of the Aleman family, which controls Interjet, to be seized due to a dispute over outstanding debts to broadcaster Televisa relating to the purchase of radio stations. Interjet responded by issuing a statement saying that its accounts had not been seized and that it was operating normally.
Grupo Televisa (TV) is like having CBS, Comcast and 21st Century Fox tied together in one package; the company is the seventh-largest Mexican stock by market value with a stock in a nice uptrend, but far below earlier highs, notes Carl Delfeld, editor of Cabot Global Stocks Explorer.
Shares of Mexican broadcaster Televisa soared on Friday morning after the company's executives expressed frustration with the low share price and said they would explore stepping up buybacks. Shares of Televisa, the world's largest producer of Spanish-language video content, were trading up more than 8% on Friday morning. During a call with analysts to discuss the company's third-quarter results, Alfonso de Angoitia, Televisa's co-chief executive, said the company was disappointed it could not buy back more shares during the quarter but would be more active going forward.
Revenue from government-sponsored publicity campaigns in Mexico has continued slide for the country's top two television broadcasters, part of President Andres Manuel Lopez Obrador's austerity push. Government ad spending on the country's most-watched television channels has fallen for four consecutive quarters. Televisa, Mexico's largest broadcaster, reported on Thursday that advertising sales in the third quarter fell by more than 5% to total 4.8 billion pesos ($243 million), compared to the same period last year, and pointed to government spending cuts as the main culprit.
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before the Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the first […]
A father was arrested on manslaughter charges after his 11-year-old son was thrown overboard a boat in the San Francisco Bay and killed after being struck by the vessel, police said.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Grupo Televisa, S.A.B. New York, September 13, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Grupo Televisa, S.A.B. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
LOS ANGELES and MEXICO CITY, July 24, 2019 /PRNewswire/ -- Live Nation Entertainment (LYV), the world's leading live entertainment company, has entered into definitive agreements to acquire a controlling interest in OCESA Entretenimiento, a leading promoter in Latin America and owner of Ticketmaster Mexico from CIE (BMV:CIE), a prominent player in the live entertainment industry in Latin America, and Grupo Televisa (TV), the largest multimedia company in the Spanish-speaking world.
Televisa, the world's largest producer of Spanish-language TV content, reported a 919.1 million peso ($47.9 million) net profit for the quarter, down from 4.3 billion pesos during the same period last year. Televisa said its 2018 results were boosted by the World Cup, creating a difficult comparison for the quarter. The company also continues to suffer from Mexican President Andres Manuel Lopez Obrador's bid to slash government spending, which has meant fewer advertising dollars.
Dorsal Capital Management is a hedge fund manager that primarily provides its services to pooled investment vehicles. The firm started its operations back in 2009, with its headquarters in Redwood City, California. As of the end of December 2018, the fund manages around $2.45 billion in assets on a discretionary basis. Ryan David Frick is […]
Mexican broadcaster Televisa said on Tuesday that it would issue $750 million in bonds maturing in 2049. The company said in a statement that it would use the proceeds "for general corporate purposes, ...
Moody's Investors Service (Moody's) today assigned a Baa1 rating to Grupo Televisa, S.A.B.'s (Televisa) new USD500 million senior unsecured notes due 2049, issued under its US Shelf program. The notes offered will rank equally in right of payment with all of Televisa's other unsecured and unsubordinated debt obligations. The ratings also reflect Televisa's high leverage (that is, gross Moody's-adjusted debt/EBITDA) for the rating category, the challenges in its advertising businesses, high competitive and regulatory pressures, and high capital intensity.
G.research will host its 11th Annual Entertainment & Broadcasting Conference on June 6 in New York City. This research meeting will feature presentations by senior management of leading broadcasting and entertainment companies, with an emphasis on industry dynamics, new technologies, and company fundamentals.