:quality(85)//cloudfront-us-east-1.images.arcpublishing.com/infobae/5CQD6ABW5WXXXMJFG7UR5WF6F4.jpg "Televisa announced losses of almost 14 billion pesos")
mexican society Television reports a loss of nearly 14 billion pesos in the last quarter of 2022months during which the FIFA World Cup Qatar 2022which was exclusive to the channel for the Mexican territory thanks to its satellite signal of sky cable and on the streaming platform vix.
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the company of Jean Emilio Azcarraga recorded a profit of 3 thousand 600 million during the same period of the previous year, contrasting figures, since during the year 2021 this quarter represented a up to 600% increase in profits.
During the report submitted to the Sotck exchange, Televisa Group explained that the loss is related to the payment they made for the rights to broadcast the matches of the Qatar 2022 World Cupwhich were televised on Sky.
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However, your satellite TV company reported over 410,000 user disconnections, due to the smudging they perform in their consumer base. This situation, coupled with the drop in their income, could create an imbalance within the company.
“The cable segment continued to be affected by a poor performance in commercial operations, while Sky again lost subscribers and faced additional costs for the transmission of the FIFA World Cup,” said he declared. Brokerage Clip Art of the situation, which he described as disappointing.
The report presented by Grupo Televisa includes the segment Other companies, where the football operations, the Azteca stadium, the publication and distribution of magazines meet, an area that presented a better performance than the television section. have been reported income of 2 billion pesosin the last quarter of 2022, an increase of 53% compared to the same period of the previous year.
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This increase is due to the economic reopening after the pandemic by COVID-1even if this positive performance of the segment of Other companies it will not be used to cover losses declared by the company.
Despite this, Televisa is planning a capital investment of 15 billion pesos in 2023of which 11 million mdp will be used for cable television services, 3 million dp they will go to the satellite unit of Televisa; sky and others 800 million pesos will be useful in other servicesas reported by the company’s Executive Co-Chairman, Alfonso de Angoitia.
Who also spoke about the situation with Megacable, the same with which they sought to merge in the last months of 2022, but from which they withdrew due to the conditions demanded by the company. “Megacable offered terms and conditions that would not have benefited shareholders of Televisa and, moreover, they did not comply with the corporate governance practices of listed companies,” added De Angoitia.
The negotiations seem closed, so they will focus on their own business plan, mentioning that they have decided to turn the page on Megacable. The intention was to add cable unit and izz broadbandI.
Emilio Azcárraga Jean’s business was hit hard by the pandemic in 2020 and 2021, so they’re trying to recover, remembering that the last three years before 2023 the Mexican businessman’s fortune had suffered significant changes, even came to register under the billion dollarsaccording to the review Forbes.
According to the 2022 report, his fortune is estimated at one billion dollars, a situation that places him in the 32nd place on the list of the richest men.