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Ricardo Salinas' juggling to keep afloat Azteca TV

Summary by Proceso

The company faces serious liquidity problems, but is not considered to be insolvent. Salinas Pliego may be looking for restructuring rather than formal bankruptcy, says economist Mario Campa. Meanwhile, TV Azteca hides its finances thanks to a judge.

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poderlatam.org

Grupo Salinas hides financial information from TV Azteca

Grupo Salinas is one of the most powerful and diversified conglomerates in Latin America, so it would seem prosperous. But it is currently at the center of a dispute with Mexico’s tax authorities, the Tax Administration Service (SAT), due to an alleged fiscal debt that exceeds 63,000 million pesos, which its owner, billionaire Ricardo Salinas Pliego, strongly denies. The discussion currently revolves around a debt derived only from one of the br…

2 months ago

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