MiamiHerald.com | TELEVISA'S EARNINGS SOAR IN 3RD QUARTER

Grupo Televisa, the world's largest Spanish-language broadcaster, reported its biggest third-quarter profit in at least nine years after World Cup finals boosted ad sales and satellite television subscriptions.

Mexico City-based Televisa had net income of 2.49 billion pesos ($226.4 million), compared with 1.7 billion pesos a year earlier before adjusting for inflation, the company said. Revenue in the quarter rose to 9.22 billion pesos.

Presidential elections falling in the same year as the World Cup has buoyed Televisa profit, said Rogelio Gallegos, a fund manager with Mexico City-based Actinver, which handles about $3 billion in stocks and bonds. In coming quarters, Chief Executive Emilio Azcarraga will enter new businesses such as telephone services and entertainment distribution, he said.

MiamiHerald.com 10/27/2006 International business briefs