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Grupo Televisa to sell stake in home shopping channel joint venture

Mexico's Grupo Televisa SAB agreed to sell its 50% stake in home shopping channel Televisa CJ Grand, its joint venture with South Korea's CJ O Shopping Co. Ltd.

The sale stemmed from Grupo Televisa's review of its assets and efforts to dispose of certain noncore operations, according to a March 13 press release. The Mexican company will continue to provide certain services to support production and distribution for the shopping channel.