Bloomberg News

Televisa's Cable Unit Raises Some Prices 3 Percent

March 01, 2007

Grupo Televisa SA (TLEVICPO)'s cable unit raised prices 3 percent on its most expensive packages of television channels and high-speed Internet connections.

The changes take effect today, Manuel Compean, a spokesman for Mexico City-based Televisa, the world's largest Spanish- language media company, said today. Customers of Televisa's Empresas Cablevision SA were notified last month in a letter.

Empresas Cablevision's premium digital family package rose to 351 pesos ($31.38) from 342 pesos, a 2.6 percent increase. Premium packages and Internet access rose an average of 3 percent, according to the letter. Prices of basic service did not change. Empresas Cablevision serves 490,000 customers in and around Mexico City.

Shares of Televisa fell 71 centavos to 60.39 pesos in Mexico City trading. They have gained 3.2 percent this year.

To contact the reporter on this story: William Freebairn in Mexico City wfreebairn@bloomberg.net.

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To contact the editors responsible for the story: Emma Moody at emoody@bloomberg.net.


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