April 28, 2020 / 3:19 PM / a month ago

Mexican broadcaster Televisa expects steep drop in government advertising

MEXICO CITY, April 28 (Reuters) - Mexican broadcaster Televisa expects federal government advertising to fall substantially, “maybe even to zero,” amid the economic fallout from the coronavirus, Co-Chief Executive Alfonso de Angoitia said during an earnings call on Tuesday.

Spending by local governments may be more resilient, the executive added. (Reporting by Julia Love)

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