Haim Saban’s efforts to sell Univision Communications included talks with billionaire investor Carlos Slim Helú. Mexico-based Slim, one of the wealthiest persons in the world, whose holdings include media assets, is said to be weighing a bid for the large Spanish-language TV network, sources say.
The Wall Street Journal is reporting that Mexico took unprecedented strides to rein in the country’s telecommunications and television operators, imposing a rash of measures on the phone companies of billionaire Carlos Slim and on the country’s top broadcaster Grupo Televisa in a bid to improve competition in their markets. WSJ subscribers can read the story here.
Mexican billionaire Carlos Slim is financing an internet TV network that will include an interview show with former television host Larry King, according to network’s website. The network, which will be called Ora.tv, will be led by Jon Housman and will feature on-demand content and will produce “a wide range of programs that transcend traditional formats,” the website says.
Larry King is launching a “huge” online initiative backed by Mexican billionaire Carlos Slim. Two individuals close to King confirmed that the venture was underway, though details remain sketchy.
Telecommunications mogul Carlos Slim, considered the world’s richest man, has stopped advertising with Grupo Televisa SAB, the country’s most powerful broadcaster, upping the ante in a mano-a-mano battle to control Mexico’s airwaves. Wall Street Journal subscribers can read the full story here.