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LatinNews Daily - 13 March 2019

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In brief: Mexico

* Mexico’s federal telecommunications regulator (IFT) has approved the merger between US entertainment and media firms The Walt Disney Company and 21st Century Fox, subject to certain conditions. The IFT’s final approval of the deal will be subject to the divestiture or sale of the Fox Sports channels and programming rights, as well as the maintaining of Fox’s National Geographic brand separate from Disney’s A&E channels. These terms respond to concerns over the lack of competition, as the IFT says that the Disney-Fox merger would concentrate almost 80% of the audience for sports in Mexico, and leave only one competitor in the sports programming market. Mexico’s approval of the merger is one of the final hurdles to Disney’s US$71.3bn acquisition of Fox, agreed upon last July and now planned to be completed on 20 March.