Monday, February 21, 2011

Carlos Slim put Mexico on ad diet

Billionaire pulls ad coin from Televisa
Web could lose millions in lost revenue


Mexico City-- Mexico's no. 1 broadcaster Televisa announced late Friday that the world's richest man was pulling his ad dollars, potentially costing the web tens of millions per month.


According to Televisa veep Alfonso de Angoitia, the loss of business generated by ad sales to companies owned by Mexican billionaire Carlos Slim is shrinking revenue for it core broadcasting business by 4%.


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