• Reuters

    Televisa to merge Sky, cable 'as soon as possible'

    Mexican broadcaster Televisa plans to merge its satellite TV unit Sky with its cable TV and internet service Izzi as soon as possible, the head of the new unit, Francisco Valim, said on Friday. Televisa is aiming to trim its financial expenses, and Izzi has had trouble staying competitive in recent quarters. The Mexican firm earlier this month reached an agreement with AT&T for its stake in Sky, giving Televisa full control of the firm.

  • People

    All About Drake Maye's 3 Brothers, Luke, Cole and Beau Maye

    Drake Maye, who just got drafted by the New England Patriots, has three older siblings who are all athletes in their own right

  • Yahoo Finance Video

    Why Newell Brands is trimming its brand portfolio: CEO

    Shares of Newell Brands (NWL) are trading higher on Friday after the company posted its first quarter report, revealing an increase in gross and operating margins. However, the company saw net sales for the quarter fall 8% year-over-year, citing the impact of unfavorable foreign exchange and business exits. Newell Brands CEO Chris Peterson joins Yahoo Finance Executive Editor Brian Sozzi to give insight into the company's performance for the quarter and the logic behind its strategic operations. Peterson elaborates on the company's focus with certain brands: "We made the strategic choice to focus on the top 25 brands. Over the course of the last nine months, we've already reduced the company's brand portfolio from 80 brands down to about 60, so the quality of the portfolio is improving. Similarly, we made choices on geographies. We play in about 42 countries around the world, but the top ten countries represent about 90% of our sales and profit, so that's where we're focused... I don't believe that the large-scale M&A is needed to drive shareholder value for the company in the next few years." For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino