Globo aims to reduce investment in pay TV

Globopar, the Marinho family?s holding company and embryo of Globo S.A., says in its first-quarter financial report that the closure of Sky Argentina caused no losses. The Globo group indirectly held 30%. The closure was in line with the company?s strategy of reducing both financial exposure and investment in the pay-TV distribution segment, according to the report.

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