• Variety, Monday, July 20, 2009 9:15 AM

Mexican broadcast giant Televisa posted a 10.2% gain in net sales to $962.6 million in the second quarter. However, net income dropped by 0.7% in the face of financing costs, which rose to $62.9 million from $16.4 million -- nearly a 400% increase compared to the second quarter of 2008.

Although reaching record numbers of subscribers, Televisa's cable and satellite sales growth slowed this quarter. Satcaster Sky grew 7.5% year to year, as opposed to 11% surges in the two preceding quarters. Part of this is attributed to "increased and aggressive competition" from the Dish Network, which began operating late 2008. Dish has won a half million subscribers as a bare bones, low-cost option.

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