U.S. focus cuts into Azteca profits

Posted on: October 24th, 2007
Filed Under: [ Business ] [ Hispanic News ] [ Media ] [ Blogante Business ]
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“Mexico’s No. 2 web TV Azteca on Tuesday said profits slipped 21.5% during the quarter, mostly on higher costs from producing Stateside and paying more taxes.

The company, owned by mogul Carlos Salinas Pliego, reported net income of 408 million pesos ($37.3 million), down from $48.1 million in the same period last year.”*

*From: http://www.variety.com
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