Mexico’s Grupo Televisa cuts 2025 capital spending to $600 million from $665 million, with Co-CEO Alfonso de Angoitia citing better supplier terms. Stock rises 3.3%, adding $44.18 million to market cap. Q2 profit of 474.5 million pesos rebounds from a loss last year, driven by lower costs despite subscription declines in SKY.

Analysts foresee ongoing challenges in cable and SKY segments for Televisa through 2025. SKY sees 350,000 disconnections and 16.3% revenue drop in Q2, while cable segment revenue falls 2.5% YoY. Overall revenue declines 6% to 14.73 billion pesos, but remains stable excluding peso depreciation. Peso weakened by 2.6% year-over-year.

Read more at Yahoo Finance: Mexican broadcaster Televisa cuts 2025 investment budget, shares rise