Mexico’s Televisa Has Eyes on Satmex Satellite Firm and XM/Sirius Ahead of the Bell

“Broadcasting industry news provided by Financial News USA OTC: FNWU. Televisa NYSE:TV said it is interested in buying Satmex, a move that could return it to the satellite business, cut transmission costs and strengthen the Mexican broadcasters footprint from Canada to Argentina. Satmex is Mexicos main satellite operator but the company was in financial trouble until it refinanced its bulky debt last year. Televisa said it had not decided yet if it will bid for the firm. CBS Corp. NYSE:CBS said Wednesday it has completed its exchange agreement with Liberty Media Corp. Under the agreement, CBS received shares of its Class B stock previously held by Liberty Media in exchange for the stock of a subsidiary which holds CBS Green Bay television station and roughly $170 million cash. As a result of the deal, CBS retired 7.6 million of its shares, reducing its outstanding shares by 1%. “

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