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Mexico's Televisa slumps as sales and profits missed

Wednesday, July 8, 2015

Grupo Televisa fell the most in almost four years after the world’s largest Spanish-language content producer missed sales and profit estimates as the Mexican elections season contributed to a plunge in advertising.

Televisa dropped 4.8% on Tuesday in Mexico City, the biggest decline since September 2011, after earlier falling as much as 6.5%. Mexico’s benchmark IPC index rose 0.5%.

Source: Bloomberg