The broadcaster's billionaire owner, Ricardo Salinas Pliego, insists that the move is not a prelude to bankruptcy but rather a strategy for staying on the air while dealing with mounting liabilities. The post Facing billions in back taxes in Mexico and the US, TV Azteca announces bankruptcy proceedings appeared first on Mexico News Daily

Salinas' TV Azteca, a major Mexican broadcaster, is reportedly planning to seek bankruptcy protection in Mexico.

TV Azteca, controlled by Salinas, has announced that it is initiating bankruptcy proceedings.