Entering text into the input field will update the search result below

Grupo Televisa -4.8% after ruling sets up tougher regulation

Feb. 28, 2017 6:49 PM ETGrupo Televisa, S.A.B. (TV) StockTVBy: Jason Aycock, SA News Editor
  • Grupo Televisa (NYSE:TV) dropped 4.8% after a regulator reversed course on a 2015 ruling and decided that Televisa does have market power in pay television.
  • That move sets up the prospect of tougher regulation. Last month, a Mexican tribunal threw out a ruling that said Televisa didn't have market power, forcing the Federal Telecommunications Institute to take up the matter again.
  • The IFT now says Televisa, the country's largest pay TV provider with about 60% of all subscribers, has "substantial market power."
  • The move brought Televisa off its highest point since last September (shares closed at $26.79 yesterday, and finished at $25.51 today).

Recommended For You

More Trending News

About TV Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
TV--
Grupo Televisa, S.A.B.