- Increased costs took a toll on Grupo Televisa (NYSE:TV) in Q4, as profits fell 59% even as revenues made gains.
- Revenues rose to 27.3B pesos (about $1.37B), but net income fell to 643M pesos (about $31M) from 1.57B pesos the prior year.
- For the full year, net profits fell 66%, in part due to nonrecurring income in 2015.
- The company's also awaiting the results of a federal review on measures in place against the company in its free-to-air broadcasting business -- which could open the door to tougher regulations.