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Broadcasting

Mexico broadcaster Televisa to slash capital expenditure in 2017

MEXICO CITY, Feb 23 (Reuters) - Mexico’s Grupo Televisa said on Thursday that it would slash its capital expenditure in 2017 by more than one third to around $1 billion.

The broadcaster and world’s leading Spanish-language content provider said that most of the cut would come in its cable division.

In 2016, capex was forecast to be around $1.6 billion. (Reporting by Christine Murray; Editing by Bernadette Baum)

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