Word: televisa
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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...
...devastation left the city studded with contrasts. The capital's tallest buildings, the Pemex Tower (46 stories) and the Latin American Tower (43 stories), both designed to sway flexibly during an earthquake, were untouched. Less than two miles away, between 50 and 60 employees of the TV network Televisa died when their five-story office building collapsed. About half a mile from that calamity, the nine-story Mexican Insurance Co. building was shattered. Next door, office workers lunched calmly last week at the unmarred Great Wall Chinese restaurant...