GE accuses Mexico’s TV firms of Telemundo plot

GE accuses Mexico's TV firms of Telemundo plot 1The U.S. company says news spots vilifying it were aimed at sinking its Spanish-language unit’s licensing effort.

General Electric Co. lashed out Monday at a lack of competition in Mexico’s broadcasting industry and said it had been vilified because of plans by its Telemundo unit to start a network in the country.
GE said in full-page ads in several Mexican dailies that Mexico’s second-largest network, TV Azteca, had attacked GE on one of its news shows last week in the hope of thwarting an application by its U.S. Spanish-language television arm, Telemundo, for a broadcasting license.

“This use of the media only confirms the consensus about the need for more competition in Mexican television,” said GE, a diversified conglomerate with operations that include jet engines and commercial lending.