Televisa Reports Profit Gains, Plans Triple-Play Investment

MEXICO CITY, October 27: Grupo Televisa has recorded a
44-percent hike in third-quarter profits, and is planning to invest between
$250 million and $500 million over the next three years in the Mexican
triple-play market, wire reports indicate.

The Mexican media giant yesterday reported profits of 2.486
billion pesos ($226 million), compared with 1.732 billion pesos in the third
quarter of 2005. Revenues were up 9 percent to 9.22 billion pesos.

The increase was driven by gains in the company’s core
broadcasting businesses as well as in its cable and satellite division and in
program sales.

According to Reuters, the company will invest between $250
million and $500 million in the triple-play market. It will either work with
telephony companies who want to add television to their bundled offerings or
will bolster the infrastructure at the Cablevision division to add phone
service to its existing cable and Internet offerings.