[Satellite News 10-25-12] Spanish-language broadcaster Grupo Televisa SAB<\/b> enjoyed a significant 41 percent increase in its 2012 third-quarter profit compared to the same period last year thanks to a healthy boost of new cable and satellite television subscribers in Mexico, the company announced in its latest financial results issued Oct. 24.<\/p>\n
The company\u2019s Sky Mexico<\/b> satellite business lured 332,693 subscribers during the period for a total of 4.88 million customers after ending 2011 with 4 million subscribers. Televisa is the majority shareholder of Sky Mexico, with DirecTV Latin America<\/b> as the second largest at 41 percent.
\n Televisa\u2019s three cable-TV units added about 30,000 video customers during the quarter for a total of 2.26 million. Televisa\u2019s direct-to-home satellite operation grew revenues by a healthy 18.9 percent in the third quarter of 2012 compared to last year.
\n Grupo Televisa is the second largest media conglomerate in Latin America behind Organiza\u00e7\u00f5es Globo<\/b>, with interests in television production and broadcasting, programming for pay television, international distribution of television programming, direct-to-home satellite services, radio production and cable broadcasting.
\n The Mexico City-based company\u2019s 2012 third-quarter income leaped from $155 million in the same period last year to $220 million during its most recent quarter. Televisa\u2019s sales also rose 8.7 percent to $1.343 billion pesos, beating analysts\u2019 2012 third quarter estimates of $1.30 billion by more than $40 million. The company said it was also assisted by the increasing strength of the Mexican peso.
\n In an Oct. 24 research note, Vector Casa de Bolsa<\/b> Analyst Julio Zetina said his colleagues were pleasantly surprised by Televisa\u2019s performance and the impact of Mexico\u2019s booming subscriber base on that performance. \u201cAll of Televisa\u2019s divisions maintained healthy performances, especially demonstrated in the pay-TV segments,\u201d said Zetina. \u201cThe report was a positive surprise. Televisa has been investing in the expansion of its pay-TV businesses in the face of slowing broadcast-advertising sales growth, as viewers turning to other media such as the Internet. Their strategy to grow in this environment is clearly working.\u201d
\n Despite the advertisement slowdown, Televisa\u2019s Broadcast advertising sales actually rose 1 percent to $470.9 million, though missing Barclays<\/b> Analyst Vera Rossi\u2019s estimate of $490 million.
\n \u201cThough Televisa missed the advertisement sales project, the more important matter is that the company\u2019s broadcasting revenue, including sales of programs to other channels, rose 4.4 percent during the quarter, while sales from the company\u2019s cable business rose 14.6 percent. It is also good news that the company\u2019s revenue was boosted by sales of packages offered by cable television companies.\u201d
\n The only significant loss that Televisa experienced during the quarter was from stakes help in jointly held businesses. Losses on those investments jumped 71 percent to 209 million pesos. Televisa said the decline was primarily driven by losses accrued by its 50 percent ownership of mobile-phone carrier Grupo Iusacell<\/b>, but was partially offset by its divestiture of a stake in Gestora de Inversiones Audiovisuales La Sexta<\/b> earlier this year.
\n Televisa has also spent the past two years upgrading its satellite infrastructure. Last Summer, Globecomm Systems<\/b> completed its satellite uplink hub for Televisa at its Mexico City broadcast center. The hub was designed by Globecomm under a contract signed in early 2010 to support Sky\u2019s DTH programming over Mexico via seven SD and three HD video carriers on 9-meter and 11-meter antennas, with the capability to switch to a backup 9-meter antenna in the event of terminal failure or maintenance. The hub also includes capacity built into the Televisa system for future carriers.
\n Televisa also had its share of challenges during the past few years, especially as it has become increasingly competitive with Mexican billionaire telecommunications magnate Carlos Slim, who is considered the world\u2019s richest individual. Slim controls Am\u00e9rica M\u00f3vil<\/b>, the pan-American telecoms group and has been kept his distance from the Mexican television market due to obstacles imposed by regulators to limit his power in his home market.
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[Satellite News 10-25-12] Spanish-language broadcaster Grupo Televisa SAB enjoyed a significant 41 percent increase in its 2012 third-quarter profit compared to the same period last year thanks to a healthy boost of new cable and satellite television subscribers in Mexico, the company announced in its latest financial results issued Oct. 24. The company\u2019s Sky […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-82255","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/82255"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=82255"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/82255\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=82255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=82255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=82255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}