Word: televisa
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...models for the NAFTA generation is movie actress Salma Hayek. Most Americans know her as a rising Hollywood siren (Desperado, Fools Rush In). What they don't know is that behind her almond-eyed beauty lies an outspoken Mexican rebel. Six years ago, as a soap-opera star at Televisa, the broadcast giant that has strong ties to the P.R.I., she stunned her bosses and fans by bolting to Los Angeles. Today Hayek, 28, still delights in snubbing her country's Establishment in ways few celebrities have dared--whether by endorsing new competition against Mexico's telephone monopoly or slamming...
DIED. EMILIO AZCARRAGA MILMO, 66, aggressive Mexican broadcasting magnate who built the $1.5 billion Televisa radio, TV, publishing and music conglomerate into the Spanish-speaking world's largest media empire; of cancer; in Miami. Known as "El Tigre," he dominated Mexican television news for decades, steering coverage to support the longtime governing party...
...problem is that crisis-weary Mexicans are already staggering under the twin blows of layoffs and an inflation rate that could top 30% in 1995. Nissan and Volkswagen both plan more than 1,000 job cuts this month, while entertainment giant Televisa has dismissed 1,500 employees, or 6% of its work force, since December. ``Most people prefer to buy food rather than cigarettes,'' says Consuelo Docal de Rojas, who owns a struggling candy and tobacco shop in Mexico City and rents out apartments above the store. ``People can't scrape up cash to cover even necessities.'' At the same...
...with the peso crisis south of the border? Are we talking about a brief time-out in the hat dance of prosperity or a massacre at the investors' Alamo? If you listened to your broker a few months ago and bought Telefonos de Mexico, Cifra or Grupo Televisa -- or shares in a Mexico mutual fund -- should you be jumping out or staying...
...MEXICO (TELEVISA...