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Shares in Mexican broadcaster TV Azteca swing up after record fall

Published 03/23/2023, 04:30 PM
Updated 03/23/2023, 04:40 PM
© Reuters. FILE PHOTO: The logo of broadcaster TV Azteca is seen outside its headquarters in Mexico City, Mexico March 22, 2023. REUTERS/Henry Romero

MEXICO CITY (Reuters) - Shares in Mexican broadcaster TV Azteca closed up on Thursday by about 32%, after posting a record slump a day before, battered by uncertainly over its near-term prospects amid problems with creditors.

Stock in Mexico's second-biggest broadcaster plummeted 31% on Wednesday after creditors of the firm filed an "involuntary petition" to place it in U.S. Chapter 11 bankruptcy protection, arguing the firm owes them more than $63 million.

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