Grupo Televisa is purchasing the 41.7% that it does not own in cable TV company, Cablemas, for $397 million, The Wall Street Journal reports. The Mexican media and communications company may issue up to 25 million shares as part of the Cablemas merger, which will also give Televisa full operating control of the company. The broadcaster has signed deals with Mexican banks for $727 million in loans with maturities ranging from five years to 10 years. Cablemas, which had nearly 1 million cable subscribers, 360,000 subscriptions to internet service and 205,000 phone service subscriptions, will be merged into Televisa.

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