(Bloomberg) -- David Martinez, the billionaire behind Fintech Advisory, has bought a 7.8% stake in the Mexican media conglomerate Grupo Televisa SAB, helping fuel a rebound in the US-traded shares from a record low. Most Read from BloombergChicago Mayor Seeks Property Tax Hike, Breaking Campaign VowIs Denver’s Big Bet on E-Bikes Paying Off?NY Transit Agency Takes Next Step on Brooklyn-Queens Rail LinkThere Will Soon Be No Meatpackers Left in NYC’s Historic Meatpacking DistrictA South Korean City
Grupo Televisa SAB (TV) reports improved cable segment profitability and strong free cash flow despite facing revenue declines in key areas.