Word: televisa
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Dates: during 1990-1999
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...spending surge has swept through the middle class. Signs of the new consumer society are everywhere. Cruising the shopping malls has become a weekend institution, and Televisa, the Spanish-language entertainment conglomerate, in cooperation with the U.S.-owned QVC, broadcasts a home- shopping channel produced in Tijuana. People who never before had a car or a credit card now have both. The working-class suburb of Iztapalapa boasts a McDonald's and a Wal-Mart superstore, while the Mexico City slum Ciudad Nezahualcoyotl houses enough VCRS to support a branch of Blockbuster Video...
...reduce its losses. "The National was founded in the belief that it could feed off the soaring interest in sports," said John Morton, a newspaper analyst in Washington. But local newspapers, all-sports TV channels and other media already saturate sports events, Morton said. Azcarraga, whose holdings include Televisa, Mexico's largest private TV network, will now focus on expanding its Spanish- language programming...