Summary
- Emilio Azcárraga has taken a leave of absence as chief executive of Televisa due to being investigated by the U.S. Department of Justice for a FIFA-related issue
- The investigation is related to an alleged bribery scheme involving obtaining broadcasting rights for future World Cups
- Televisa settled a lawsuit last year regarding similar accusations of bribing FIFA officials
- The company’s stock experienced an 8.65% loss following the announcement