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PROPOSAL TO CREATE THIRD TELEVISION NETWORK MEETS RESISTANCE.
SourceMex Economic News & Analysis on Mexico, January, 2007
The US-based Spanish-language television network Telemundo has filed an application to set up operations in Mexico, but the two existing broadcasting giants, Televisa and TV Azteca, are blocking the proposal to establish a third major network south of the border. The effort to create a new network in Mexico is led by Mexican billionaire Isaac Saba Raffoul, a partner in Telemundo. Joining Saba in the bid is US network NBC, which owns a major share of Telemundo. US corporate giant General Electric (GE) has a controlling interest in NBC and is ready to offer its resources.
Telemundo and Grupo Xtra, a textile company affiliated with the Saba family, filed the formal application to create a network in Mexico in September 2006. The Comision Federal de...
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