Televisa Posts Big 2Q Miss On Univision Joint-Venture Drop, Satellite Disconnections

Grupo Televisa reported a more than 95% slide in quarterly net profit on Tuesday as the broadcaster’s income from its joint venture with Univision slipped and satellite TV unit Sky saw increased disconnections. TelevisaUnivision, a firm that combines content with U.S. broadcaster Univision, saw net income drop in the first half of the year, Televisa said. TelevisaUnivision has rolled out a subscription-based streaming platform, ViX+, which has aimed to compete with established rivals such as Netflix and Amazon’s Prime Video.