Mexico's TV Azteca announces bankruptcy proceedings - Reuters

<a href="https://news.google.com/rss/articles/CBMirgFBVV95cUxPd1NzSVVKNnNiRjNDdXk0a3RFTWc2Q25ZblMtWlQ4cF9sOVRfaVFjUUtuR2xHY2FYUFBHMUlCeWdoLWV5RVJON0YtWHVON1AyVkUwOG1OTTlacEZsT3dBdXo5Q0dHVlJtdkkwOXUxb2ZJQ2k4cjR3Vl9iRkFyaVNmbFRpT0ozdDNmd09YTW5vUi1DQXl5a0psTHFqQUJnZHg4WWJBbmJtOWphZldDSVE?oc=5" target="_blank">Mexico's TV Azteca announces bankruptcy proceedings</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

TV Azteca, owned by Ricardo Salinas Pliego, informed that its shareholders approved initiating a voluntary bankruptcy process to reorganize the company's finances and liabilities.

TV Azteca, controlled by Ricardo Salinas Pliego, has initiated a voluntary bankruptcy process to restructure its finances and liabilities, citing factors like license payments, the COVID-19 pandemic, and tax obligations.

TV Azteca has requested a voluntary bankruptcy proceeding to reorganize its finances and avoid bankruptcy, following years of economic issues exacerbated by a recent court ruling favoring Mexican tax authorities.

TV Azteca, part of Grupo Salinas, announced that its shareholders agreed to enter a bankruptcy proceeding to reorganize the company, citing deep transformations in the television industry and financial weaknesses.

TV Azteca has announced a voluntary bankruptcy proceeding following a court ruling that obligates it to pay a significant debt to the Mexican tax authority, SAT.