TelevisaUnivision Faces Workforce Reduction

Grupo Televisa announced a capital expenditure budget of $665 million for 2025. During a recent earnings call, executives also revealed that TelevisaUnivision, the company's joint venture with Univision, has downsized its workforce by approximately 8%, impacting around 1,000 employees.

Grupo Televisa, Mexico's largest broadcaster, has earmarked $665 million for capital expenditures in 2025, according to company executives.

During a fourth-quarter earnings call, it was disclosed that TelevisaUnivision, the venture merging Televisa's content with U.S. broadcaster Univision, had reduced its workforce by approximately 1,000 employees, representing an 8% cut.

The move aims to streamline operations and reduce costs amidst evolving market conditions, reflecting broader trends in the media and communications sector.

(With inputs from agencies.)