Tuesday, March 11, 2014

México to open bidding for TV Networks

The Federal Telecommunications Institute said they have approved plans to open bidding for two new nationwide TV channels, challenging the long-standing dominance of the country’s main network.

The move is aimed at increasing competition in an industry where the Televisa network holds about 70 percent of non-cable viewership. The smaller competitor, TV Azteca, is a former government network that was privatized in the 1990s.

The decision could actually open the way for Carlos Slim to get into television. His America Movil company controls about a 70 percent market share in cellular telephones and 80 percent of land lines. Slim has been trying to get into the television sector for a long time.

(from Taiwan News)

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