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Mexican broadcaster Grupo Televisa said late Monday that its second-quarter profit jumped 31 percent, driven by an increase in pay TV subscriptions and signs of improving TV advertising momentum.
In the U.S., Televisa has a long-term content deal with Univision Communications, which airs its shows.
Televisa’s second-quarter earnings rose to $142 million (1.83 billion pesos). Excluding one-time items, the figure exceeded analysts’ expectations. Quarterly revenue
increased 6.4 percent to $1.4 billion (18.1 billion pesos), including a 6.2 percent gain in ad revenue.
The company said it signed up 41,000 new cable TV subscribers in the latest quarter to end it with 2.41 million. It also added 233,000 satellite TV customers to bring its total count to 5.65 million.
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