Grupo Televisa owners shore up control with debt restructuring

Article Abstract:

Grupo Televisa SA's owners strengthened their shaky control of the Grupo Televicentro with a debt restructuring. Grupo Televicentro lowered its debt burden of $1.3 billion by 50%. The company, owned by the Azcarraga family of Mexico, will reduce its debt partly by transferring stock to a group of institutional lenders. Televicentro can repurchase part or all of the stock by the year 2003.

Comment:

Grupo Televisa's owners strengthen control of Grupo Televicentro with a debt restructuring

Financial management, Mexico, Finance, Abstract, Grupo Televisa S.A. de C.V., Grupo Televicentro

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Deal Revelations Add To Surprises at EM.TV

Article Abstract:

Shares of EM.TV and Merchandising AG have plunged following publicity of miscalculated earnings and sale by its two officers of stock in violation of agreements with their banks. Moreover, its purchase of rights to a number of television programs from the Kirch Group that people said were not worth the price was also a factor.

Motion picture & video production, Motion Picture and Video Production, Use of Funds, TV Program Production-Network, Management, Television production companies, Network television production, Frankfurt, Germany

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Deal between EM.TV and Kirch is in danger

Article Abstract:

The article discusses the deal between EM.TV and Merchandising AG and the Kirch Group, and how talks are snagged.

Strategic alliances

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