Mexican media, after all, is dominated by two broadcast TV companies: Televisa and TV Azteca.
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Televisa and TV Azteca made sure those links came to light through several newspaper columnists.
The media stocks Televisa and TV Azteca are keyed into the local economy and are quite liquid.
Minority investors and bondholders cried foul, citing promises not to use TV Azteca funds for that purpose.
The two largest broadcasters, Televisa ( TV) and TV Azteca, could be affected by the investigation as well.
But Salinas, who owns 75% of Iusacell, 73% of Grupo Elektra and 61% of TV Azteca, doesn't care about short-term stock prices.
Great synergy: Salinas' Elektra stores rented out their rooftops for Unefon antennas, and his TV Azteca network advertised the new Unefon service.
Seven years later launched television network TV Azteca, now nation's number 2 network and second-largest producer of Spanish-language television in the world.
Watch news, sports, soap operas and more with the TV Azteca app.
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Ms. INES GOMEZ MONT (Reporter, TV Azteca): I'm in love with you.
Since then, Televisa has forged a business alliance with sometimes-rival TV Azteca.
Worse yet was the uproar Salinas caused in June when he instructed the board of TV Azteca to rescue his new phone company.
Both Elektra and Biper advertise at discounted rates on TV Azteca.
The new bill could also affect Mexican TV broadcasters Televisa (TLEVICPO) and TV Azteca, owned by billionaires Emilio Azcarraga Jean and Ricardo Salinas Pliego, respectively.
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Shortly after, TV Azteca said it wouldn't allow Mr. Slim's companies to advertise on its network until Telcel lowered the interconnection fee that it charges rivals to connect to its network.
The controlling shareholder of Elektra, he had the retail chain purchase a 15% stake in the then-struggling and private TV Azteca, in which he and his family owned around 35% .
The controlling shareholder of Elektra, he had the retail chain purchase a 15% stake in the then struggling and private TV Azteca, in which he and his family owned around 35% .
They also criticize Mexican networks Televisa and TV Azteca, which control more than 90% of the market in a country where the vast majority of people still get their news and information through broadcast television.
Its proposal to buy half of Iusacell, a small mobile operator, was blocked by the CFC on the ground that the other half of the company is owned by TV Azteca, Televisa's main rival in television.
In 2011 Slim stopped advertising with Televisa and Azteca after a dispute over phone rates and TV advertising rates.
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Until recently, Mr. Slim and the broadcasters had been on friendly terms, but tensions rose as technology blurred the lines separating their businesses, prompting Televisa and Azteca to offer "triple play" services: telephone, broadband Internet and TV.
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