Slim Forgoes Advertising With a Second Mexico Broadcaster

Billionaire Carlos Slim’s companies have stopped buying advertising from Mexican broadcaster TV Azteca SA, days after bigger rival Grupo Televisa SA disclosed Slim was no longer a client.

The billionaire’s companies refused a proposal linking an ad deal to a reduction in the fees Slim’s phone carriers charge the wireless provider owned by TV Azteca’s biggest shareholder, Ricardo Salinas, said an official with Slim’s group who can’t be named under company policy.