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Carlos Slim finances Internet TV channel in United States with Larry King as host

Tuesday, March 13, 2012

Mexican billionaire Carlos Slim is financing an Internet TV network that will include an interview show with former CNN television host Larry King, and could be running by October.

Blocked by Mexican regulators in his bid to tap television in his home country, where he hopes to challenge the reign of broadcasters Televisa and TV Azteca, Slim is pivoting toward a less-protective market.

Slim’s América Móvil, one of the world’s biggest telecommunications firms, will fund the venture. Financial details were not disclosed.

Source: Reuters