Mexico’s Televisa to focus on U.S. market

Broadcaster Televisa is betting on the U.S. Hispanic market for growth after reaching a new royalty deal with partner Univision and is sending plans to enter Mexican mobile phone market to the backburner for now.
Grupo Televisa said earlier this month it was investing $1.2 billion in debt-laden broadcaster Univision, a long-time partner that uses the Mexican company’s programs to fill in most of its prime time slots.