Ad revs drying up for TV Azteca

Posted on: October 27th, 2006
Filed Under: [ Business ] [ Hispanic News ] [ Marketing ] [ Media ]
Tags: , ,
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“After posting solid growth through the year, Mexico’s No. 2 web, TV Azteca, will face a tougher run in the coming months.

Bruno Rangel, head of TV Azteca’s investor relations, said in a conference call with analysts Thursday that the web is expecting “mid- to high single-digit growth” for the year, suggesting the fourth quarter will be soft compared with highs earlier in the year.

On Wednesday, Azteca posted third-quarter revenue of $213 million, up 7% on the same period last year, while profits were up 16% to $44 million.”

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