MEXICO CITY, July 24 (Reuters) - Mexico's largest

broadcaster Grupo Televisa cut its forecast for

2024 capital expenditures to $720 million, from a $790 million

outlook it had announced in February, to focus on the

reconstruction of its fibre-optic cable network in hurricane-hit

Acapulco.

Televisa expects insurance to reimburse it for expenditures

in Acapulco, the chief executive of the firm's cable unit,

Francisco Valim, said during a call on Wednesday to discuss

quarterly results.

Televisa posted a net loss of $1.4 million for the second

quarter, reporting it was hurt by a fall in revenue from

satellite TV disconnections and labor costs.

During the results call, executives also said Televisa

continues its restructuring process with the merger of its

satellite television unit SKY with cable TV and internet service

Izzi.

"We are confident that our restructuring and integration

process, most of which already occurred in the second quarter of

this year, will allow us to deliver OpEx (operating expenses)

savings of approximately 400 million pesos ($21.84 million) in

the third quarter," a senior executive said.

($1 = 18.3124 Mexican pesos)