TITLE

Olympics help Azteca to golden ad revs

AUTHOR(S)
Bensinger, Ken
PUB. DATE
October 2004
SOURCE
Daily Variety;10/22/2004, Vol. 285 Issue 15, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that TV Azteca SA, Mexico's second-largest network, saw a 17% rise in third-quarter earnings, boosted by ad sales during the Summer Olympic Games. Azteca also announced that it will issue $391 million in debt. The issue will provide the net with ready cash and, along with the favorable earnings, could spark renewed interested from investors. Without doubt, the key spur to the earnings growth was the Olympic Games, which alone added $19.3 million to Azteca's top line. Azteca said that its board had approved $210 million in cash distributions to stockholders before year's end.
ACCESSION #
14847737

 

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