TV Azteca has announced that it will initiate voluntary bankruptcy proceedings as part of a corporate, operational, and financial reorganization effort. This decision follows the approval of its shareholders during a General Extraordinary Assembly on February 26, 2026. The company cited significant challenges faced by the television industry in Mexico and globally, such as shifts in the advertising ecosystem and the rise of digital platforms. These factors have contributed to a need for restructuring to stay competitive in a changing market.

The company is responding to financial pressures including a substantial debt of over 3.8 billion pesos related to licensing in 2018, as well as the negative impact of the COVID-19 pandemic on advertising investments and sales. In 2021, TV Azteca had already begun efforts to reorganize its financial commitments, particularly addressing its foreign currency debt with a focus on negotiations aimed at reaching feasible agreements under its current circumstances.

Furthermore, in a recent development, TV Azteca announced that it successfully paid off its obligations fully in January of this year. This marks a significant step as the company seeks to alleviate its financial burdens and navigate the reorganization process. The outcome of this bankruptcy proceeding could have broader implications for the television industry in Mexico, reflecting ongoing challenges and potential shifts in how media companies operate in a digital age.