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)
Our Standards: The Thomson Reuters Trust Principles.